Let’s face it. Not all of your tenants will be a hundred percent cooperative to your rules and guidelines. There will always be that one person who will break a rule or two and try his best to get away with it. And you, on the other hand, will be torn as to whether you will let his mistakes pass or not. Worry not as this article aims to help you in handling such tenants. Check out the list below for a list of awesome tips on how to handle troublesome tenants when renting out a condo in Singapore:
1. Establish Ground Rules
Who wouldn’t want to have a harmonious relationship with tenants? In as much as you want to please them just to make sure they renew their leasing contracts, you still have to see to it that everybody follows ground rules. Yes, you should do your best to ensure your tenants’ satisfaction, but you also cannot let your guard down. By setting expectations and being upfront to your tenants, you are delivering them a clear thought about their responsibilities as a renter. Aside from including rules explicitly on the contract, discuss it to them personally so you can easily answer any questions they have in mind. To safeguard yourself from inconsiderate renters, include in the contract that you will include the cost of maintenance into the rental for any damages in the property.
It will also be best if both parties have licensed real estate agents to represent them. This way, you and your tenant can ensure that you have agreed mutually on the conditions and requirements stated on the contract.
2. Know the rights of your tenants
The moment your tenant noticed that he will be soon evicted, and might not even get his security deposit, he can vent his anger on the unit or be pesky to other renters. The best way to handle the problem is to know the terms of the lease and the law. Problems like these are the reasons why you should be thorough about the ground rules you mention on your contracts. Specify everything, from when and how the rent is to be paid, prohibited activities, to up to the rules on late payments. Doing so will save you the trouble of keeping your horrible tenant in your property and risking the peace of mind of other renters.
3. Take quick measures
In the event that your tenant is starting to get on your nerves, be decisive and cut losses as early as possible if needed. Problems such as a habit of delayed payments or property damages should not be taken lightly. Give your tenant an ultimatum or a warning to set things straight. Be considerate at first but if things still don’t work out, then you have to talk to them about ending the lease earlier than expected. It is important that you take quick measures because you also don’t want this kind of tenant to be the reason as to why your other renters are leaving.
4. Screen your tenants thoroughly
If you are new in renting out condo in Singapore, keep in mind that prevention is always better than cure. And one good way for you not have a pesky tenant is by screening each of them thoroughly before asking them to sign a contract. If you are too busy to handle the screening process, hire a management company who can assist you. They will be responsible for checking credit history and knowing if their income can pay for the rent.
5. Leading by example
You can also avoid your friendly tenant from turning into an annoying one by sticking to your word and ensuring that their needs are met. Some issues like showing up late or failing to repair household damages can also provoke issues between tenants and landlord. By being responsive and kind to your tenants, you are also giving yourself legal protection in case these issues turn into a legal case.
Thanks to this list, you now have a good understanding on how to keep a good tenant-landlord relationship. For more details about new launch condo, contact any of SOL’s reliable staff members. Check out their website for more details.