What are the advantages and disadvantages of renting directly from a landlord?
Some home-owners offer a private home rental, meaning no real estate agent is involved. It is important to understand that renting a house or apartment from a private individual, not via a registered real estate agent, has various advantages and disadvantages. A good agent can be a tenant's advocate.
Some home owners offer a private home rental, meaning no real estate agent is involved. It is important to understand that renting a house or apartment from a private individual, not via a registered real estate agent, has various advantages and disadvantages.
Houses privately available for rent may, at first glance, seem less expensive than if an agent has been appointed to lease the property. However, be aware that renting directly from a landlord may not offer the same level of professionalism when dealing with maintenance and/or a tenancy dispute.
Owners who rent their homes directly to tenants may not be familiar with the statutory requirements. You may experience less privacy as a tenant due to the owner being the landlord and, without a real estate agent or property manager, there can be less objectivity between the landlord and tenant.