Things You Need to Know When Renting an Apartment in Montreal - PowerPoint PPT Presentation

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Things You Need to Know When Renting an Apartment in Montreal

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Are you at the same crossroad where you don't want to renew your current lease and the process of renting an apartment in Montreal frustrates you? If you are then these tips will help you. – PowerPoint PPT presentation

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Updated: 29 June 2021
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Title: Things You Need to Know When Renting an Apartment in Montreal


1
Things You Need to Know When Renting an Apartment
in Montreal Are you at the same crossroad where
you don't want to renew your current lease and
the process of renting an apartment in Montreal
frustrates you? If you are then these tips will
help you.
  • Budget
  • Many people overlook budget calculating when they
    start looking for apartments. It is important to
    calculate budgets by including all the expenses.
    Remember, that your annual income should be
    three times more than your annual rent. If it
    doesn't, it will become difficult for you to pay
    the rent. Rent is just the base, you will also
    have to pay for many other utilities. Therefore,
    the calculation of these additional costs will
    help you in finding the best apartment for you.
  • Transportation
  • Commuting is another key factor to consider when
    you rent an apartment in Montreal. If you have
    to walk 20 minutes every day to catch that metro
    or bus, things will get difficult for you. If
    you own a car or bike, look for petrol stations
    and parking options nearby.
  • Apartment Size
  • Whether you are looking for an apartment for rent
    or sale in Montreal, the size of your apartment
    matters the most. The sizes used in Montreal are
    difficult to figure out especially when you are
    a first-time apartment renter. To eliminate any
    confusion, here is our breakdown.
  • 1 ½ One room studio apartment. A single room
    with a kitchenette and bathroom.
  • 2 ½ A bedroom with a kitchenette, living room
    and bathroom. It is bigger than 1 ½.
  • 3 1/2 Has a bedroom, bigger living room and
    kitchen.
  • 4. 4 1/2 This is the same as the one mentioned
    above. It has an additional bedroom.
  • 5. 5 1/2 This is huge! It has three bedrooms, a
    living room, bathrooms and a kitchenette.
  • Neighbourhood

2
Buildings usually have indoor parking to
accommodate bikes and cars. However, they charge
extra that ranges between 100-350. You can look
for duplexes and triplexes which will have an
option to park around the buildings for
free. Pet Friendly If you have a furry friend,
then look for an apartment that allows pets. Many
buildings do not allow pets . Whereas, some
allow it if you follow their rules. Know the
situation beforehand so that it does not become
a cause of concern after you have moved
in. Negotiating Rent Before you apply for an
apartment, negotiate rent with the property
handler or landlord. Quote a reasonable price or
you might face rejection. Ask about what is
included in the rent so that you can make an
informed decision. Documents and Application If
you are trying for an apartment you have loved,
make sure you fill in the application correctly.
Make sure you also keep your documents handy.
This includes a credit score, photo ID, letter
of employment and last three salary stubs. You
should also include the numbers of your past
landlords for a reference check. If you are from
another country, submit your visa and
passport. An application usually takes three days
to get processed. In that case, it is better to
have patience and wait for the landlord to make
a decision! Act Ethically Let your current
landlord know that you are planning to move at
least 3/6 months before your lease ends. If you
do not inform your landlord and he sends you the
renewed lease, you'll be in a fix! This may be
problematic for your future reference checks and
you might not end up finding an apartment for
rent in Montreal. Lease Signing We've got no
better advice for you other than READ your lease.
You will be staying in the same building for the
next 12 months which is why you should have
everything mentioned in the lease to avoid
future conflicts. Deposits are illegal in places
like Quebec. So, if your landlord is asking for
one, avoid renting that property. Don't Pay a
Finder's Fee Some neighbourhoods have many
students living in them. In areas like these,
previous tenants ask for a finders fee. This fee
is charged to hold the apartment for you before
they leave it. This type of fee is illegal and
you should stay away from it. For more
information please visit https//landmarkrealties
.com/
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