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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