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What to Consider When Renting a Condominium Unit

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Whether it’s to be close to work or to experience living in a residential building, you’ve decided to rent a condominium unit to live in. There are plenty of choices in Metro Manila alone and the process of choosing the best option can be a confusing and exhausting experience. In this blog, we will discuss what you need to consider when renting a condominium unit.

 

Nowadays, going out of your home is a bit inconvenient and at the same time, risky. As part of the new normal, finding properties online is a good starting point wherein most available properties are posted with attached photos for you to see if the property is what you are looking for. It is important to inquire first with the building management for their guidelines on visitors and non-residents. Note that each building has their own protocols and guidelines, so might as well confirm these first to the building management before going for an ocular visit.

 

Make sure that the property you are considering is within your budget and suits your lifestyle. You may also want to take a walk around the area to see the nearby establishments. Ideally, the location should give you easy access to groceries, restaurants, medical facilities, public transportation and other retail options. Most condominium properties in Metro Manila provide a wide variety of amenities like swimming pools, play areas, and fitness gyms. Make sure to check out all the facilities provided to ensure they are well-maintained and clean. In addition, it is also good to check the security system of the building by seeing if they have adequate cameras, reliable security guards and an intercom or passcode system to enter the building. 

 

Initial property visits can be deceiving, so it is advised to inspect the space carefully when you’re checking out a condominium unit to make sure everything is as good as it appears to be before you jump into signing a lease.

 

Once you have selected a property to rent, the first and most important thing to do is to check if you are dealing with the absolute owner of the property. You may request the landlord or agent to provide a copy of the Title or Certificate of Ownership from the building management. This ensures that you are dealing with the valid landlord before entering a contract. Second thing to do is to assess the current condition, appliances and furniture of the property prior to the handover date so you can inform the landlord if there are other items to be provided or repaired. Upon handover, make sure to take photos of the property’s inventory and move-in condition for future reference. If there are any concerns you have noticed during the move-in, note this down on the handover report or move-in checklist. It is important that your move-in checklist is duly signed by you and the landlord as acknowledgment that the notes written are agreeable to them – trust me, these notes and photos will surely be helpful during your move-out.

 

Upon move-in, you might encounter concerns arising while living in the unit. Don’t worry, just ensure that the landlord is updated on what is happening in the property. It’s a good idea to indicate in your lease contract under a Repair and Maintenance clause that the first thirty (30) days serves as a warranty period – this means that if anything breaks down within the first thirty (30) days of your lease duration, the landlord is responsible for the repair. We recommend taking photos or videos for reference so that the landlord can easily identify the right person to contact for inspection and repair. If one of the appliances is not working, please share the brand and model number to the Landlord so they can contact the service center to request for inspection.

 

Make sure to have an open communication line with your landlord. If you are dealing with an agent, you may want to consider residential leasing professionals such as Colliers International, who are able to assist their clients within the duration of the lease contract and until the security deposit refund is returned to the tenant.

 

Renting a condominium can be a rewarding experience with the right guidance and support. To learn more about how we can help you, contact us today.


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Rose Ernesto

Sales Associate

Residential Services

Manila

Rose is a Sales Associate for Residential department in Colliers Philippines Starting March 2019. Her role is to execute sales goals targets, and strategies set by the Sales Officer

During her early years in Colliers, she was in charge of general administrative – operations support for the department which includes billing preparation, collection of payments and necessary documents, management of files, requisition and purchase of office supplies, and logistics.

She was promoted to Administrative Officer on January 1, 2018. She is in-charge with the billing preparation, administrative tasks, assist Donato and Zarate on the preparation of application requirements of Accenture, Inc. and handles the tenancy management for the expatriates of Chevron account.

On March 2020, she was given a chance to contribute to the Department by being a Sales Associate who closes deals for their client.

Rose is a Sales Associate for Residential department in Colliers Philippines Starting March 2019. Her role is to execute sales goals targets, and strategies set by the Sales Officer

During her early years in Colliers, she was in charge of general administrative – operations support for the department which includes billing preparation, collection of payments and necessary documents, management of files, requisition and purchase of office supplies, and logistics.

She was promoted to Administrative Officer on January 1, 2018. She is in-charge with the billing preparation, administrative tasks, assist Donato and Zarate on the preparation of application requirements of Accenture, Inc. and handles the tenancy management for the expatriates of Chevron account.

On March 2020, she was given a chance to contribute to the Department by being a Sales Associate who closes deals for their clients.

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