Advice & Reports
Thinking About Renting?
Finding a rental can be a challenging process. We’ll help make the rental process as easy and enjoyable as possible so you can Live Who You Are.
The East End is largely a second home resort market, therefore our rental terms and prices tend to vary depending on the season. Many East End rental properties are available only as seasonal rentals dependent upon the landlord’s use of the property. You will generally find that rental prices during the summer season far exceed those for rentals available during the winter months. The East End also has annual rentals available should a tenant choose to enjoy the area year-round.
When you look at a property, think about the time period during which you’ll be using the property. For instance, if it’s a summer rental and you are looking in the winter, ask about yard furniture, the barbeque, air conditioning, pool heater, beach passes and things like that – whatever comes to mind that will make your summer stay more comfortable. Consequently, if you are looking for a winter rental, see if there’s a fireplace, find out about the type of heating system, snow removal, and anything else that would be of importance during the winter months.
Each lease is different, so read yours well and have your attorney review it to see exactly what is included (i.e., utilities, etc.) in the rental price. Many landlords are also requiring proof of insurance as part of the lease. Rental insurance is strongly advised for tenant to protect both personal possessions as well as for potential liability issues.
- Determine what you are comfortable spending monthly (including utilities, cable, etc.).
- Prior to your search, gather all necessary paperwork and financial documentation.
- Find a local real estate professional; make sure they confirm the rental is in line with the going rates in nearby areas.
- Know when you will need to move into your new home. If you are moving into a condominium community typically it requires application to the condominium association which may take up to 4 weeks.
- Determine your needs and prioritize your wants: style of home, size, location, and type.
- If you own pets, find out any policies and potential restrictions regarding pets.
- Be prepared to act quickly as rentals may be available for only a very short time.
- If you are seeking a summer rental, start your search 3-4 months before you plan to move in.
- Before finalizing agreeable lease terms, find out if the property is clean and freshly painted. If a renovation is promised, find out what exactly will be done.
- Once credit and reference checks are done, you will be asked to sign a lease and settle any outstanding applicable fees which will ensure that the rental is yours.
- Before you move in, get renter’s insurance.