How to Rent a Privately Owned House or Condo

Often the relationship between a renter and an individual landlord is much less formal than that between a renter and a big management company.

Difficulty: Moderately Easy

Instructions

Things You'll Need:

• Sunday Newspapers
• Internet Access
• Personal Organizers
• Computers

1. Determine the features that you desire in a rental house or condo, such as location, space requirements, rental costs and dates of availability.

2. Search for a house or condo for rent by owner in the classified section of your local newspaper or on Internet sites.

3. Consider rental properties that are advertised by owners through lease-option or lease-purchase agreements.

4. Call selected properties to schedule appointments for touring houses or condos for rent by the owner.

5. Check with the owner about security deposits, parking facilities, available security and other features.

6. Carefully review the terms of any rental agreement or lease before signing.

Tips & Warnings

• Use the Internet to search for houses or condos for rent by owners in locations outside of your local area.
• Since rental leases are binding legal contracts, it's wise to consult a real estate attorney or agent before signing any papers.