Renting in an estate: what you need to know
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South Africans love the convenience and safety of living in gated communities. With state-of-the-art security measures, brand-new properties and a strict set of compliance rules, this option has become appealing to many. If you are new to the real estate game, you may want to consider renting your first home in an estate.
Pick your area
Most popular estates are located in residential areas and affluent suburbs. Be aware of your financial standing before embarking on shortlisting rental properties and be clear on what you can afford on a monthly basis. Landlords of estate homes often use tenants to pay off their home loan or bond on the property and cover basic costs such as electricity and water. Newer, eco-friendly estates are your best bet for young professionals as they feature fully fitted kitchens with smart appliances, pre-paid meters and handy contact information for additional services. Estate managers in these facilities are always contactable for events such as unexpected water interruptions, minor repairs or installations of mandated upgrades and so forth.
Experts on hand
When finding a suitable home to rent in an estate, you will often deal directly with the property manager appointed by the landlord. The property manager is advised on all matters pertaining to the rental home and will be your port of call for any enquiries. If there is no property manager and you're dealing with the landlord directly, you will be expected to follow the lease agreement and engage with the landlord about any changes, extensions or maintenance issues you may have. The landlord will be responsible for any estate and body corporate rules and regulations. You will be expected to adhere to these as well, as you will be considered a resident of the estate.
Renting in an estate is a good option for living in them without having to pay high prices for the purchase of the property. While rentals certainly won't come cheap, it is more affordable than the sum of buying, especially if you want to experience what it's like living in different gated communities before you make a permanent decision.
Landlords in an estate are often leasing to tenants who are in the market looking to rent to buy. It is in their best interests to maintain a mutually beneficial association with tenants and continually check to see that their property is being cared for following estate rules.
A landmark in your property journey
All the perks of estate living without the added costs of levies are a major drawcard for those who seek to rent in a gated community. Tenants can make full use of all the amenities an estate has to offer with full access to all of the facilities and perks of being a resident. Landlords don't have the right to limit a tenant's access to the estate in case of any disputes, and third-party solutions are always the answer. As long as you don't violate the lease agreement or default on monthly rent, your time living in an estate will be a breeze.
REALGLEN Properties has a number of homes available for rent in high-end estates in and around Gauteng. You can live in a quiet suburb with all the luxuries and convenience that come with exclusive estates. Save your money for investing in a property in the estate you prefer and do your research on newly built developments in the area. Usually, newer estates have waiting lists of interested people who are eager to get into one of these modern homes. With eco-friendly appliances, all-inclusive clubhouses and high-tech security systems, estate living is becoming more appealing by the day. Maintenance issues and general upkeep of the surroundings are also done by the estate's management. Contact us today to view our latest listings to let and you can be living the high life in a prominent estate sooner than you think.
Author REALGLEN Properties
Published 22 Sep 2023 / Views -