Step 1
Tenant’s Property Criteria
Prospective Foreign Tenant |
The tenant’s criteria (e.g. location, budget, etc.) for property Search. |
Step 2
Potential Properties
Property Management Company
or Broker |
A list of properties that satisfy the tenant’s criteria. |
Step 3
Property Viewing
Prospective Foreign Tenant |
Property visit with or without a property manger/real estate agent. |
Step 4
Written Application
Prospective Foreign Tenant |
Filling out an application form to rent the property. The tenant is asked to find a guarantor (individual of guaranty firm.) |
Step 5
Tenant Qualification Review
Property Management Company
or Broker |
Review of the tenant and guarantor’s immigration status and financial capacity. |
Step 6
Disclosure Statement
Property Management Company or Broker |
Preparation of a disclosure statement in accordance with the law. |
Step 7
Contract
Prospective Foreign Tenant |
Closing of the contract.
Closing costs include the security deposit, key money, agent fees, fire insurance and first mont rent 9no stamp duty levied). |
Step 8
Possession
Landlord and Foreign Tenant |
The landlord to deliver possession of the leased premises to the tenant after the payment of the closing costs. |
Step 9
Moving-in
Foreign Tenant |
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