5 Things Tenants Shouldn't Worry About
5 Things Tenants Shouldn't Worry About
All your friends, family and colleagues are buying houses and worrying about their future. Your success in doing this will bring you a quiet but powerful pressure to make you do the same. It's not that you don't try, but that you can't deposit enough money to prepay. Your monthly income does not allow you to concentrate on saving. On the other hand, you often change jobs and the bank is unwilling to lend you money. You live in a rented apartment for a long time. Shouldn't you like it? Not really! But there is a brighter side and that should cheer you up.
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The tenant can move freely
Suddenly, you receive a call from a well-known multinational company that offers you a job in another city. The promotion they offer you is too good to refuse. People who live in their own house in the city have to refuse the offer. , Even if it is bad, you win. Once you are connected to the house, there are many ownership obligations that need to be fulfilled. If the same offer is provided to the tenant, it is accepted immediately. There are no conditions for renting an apartment.
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The tenant has no loss
Suppose you have financial difficulties and cannot pay your rent for three consecutive months. If you have a good relationship with the landlord, you can persuade them to pay unnecessary amounts due if you can. Show interest. If you have a house that pays EMI, the same does not apply. If you do not pay, you must pay a fine. If the failure occurs for a long time, the bank can initiate the property return procedure. This can cause severe heartburn. When it comes to housing financing, there is only room for negotiation; negotiation is often to no avail. However, if you have a rent disagreement with the landlord, you can leave the house at any time without complaining.
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The tenant can release themselves at any time
It is generally believed that money paid as rent is a waste, and money paid as an EMI is an investment, which is misleading on several levels. If you buy a house just to save rent, you will soon find that your spending on similar houses is about twice the EMI. After all the calculations are done, you may find that you are paying much more than the real estate value, and you can eat more. On the other hand, the tenant knows exactly how much rent he must pay and how he can benefit from this investment. The future will not let you down.
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The tenant finds a simple way to exit
So, you don't like your landlord, he thinks you are nosy. Wait a moment and find another place as soon as possible. He doesn't care about changes; for you, rest is the most important thing. And a friend of yours bought an apartment from a real estate company. After staying here for a while, your friend discovered that this place is not safe. And his wife left their 10-year-old son while they were at work. There have been several reports of minor crimes in the area.Even if your friends want to sell the house and move quickly, it will be troublesome for him.
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The tenant can save
This is a point we often overlook. Since you are struggling to earn enough income to pay your monthly mortgage bills and manage your home, it can be very difficult to save money for other purposes. In short, after you become a homeowner, all your cash flow will flow in one direction. There is almost no money for other things. What if there is an emergency and you need money? You may need to borrow more money from the bank. There is always enough leg room to handle these situations.