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Tenants

Sharing Accommodation or Having a Flat Mate

  • Sharing accommodations can help you financially, allowing you to rent or buy your own property in the future through the savings you make. It gives you the opportunity to learn how to budget your earnings to satisfy your primary needs. If you are serious about buying or renting an accommodation on your own, this is the first and most basic approach which will allow you to manage your finances and live life without having a financial burden to bear on your shoulders.

    Note: Not everybody is lucky enough to have the financial backing of a family member. Not all of us are born with a silver spoon in our mouths, so the battle for survival is a constant challenge. Even if you win the lottery, you must budget that win to make it last for a lifetime.

    Checklist

    1. The advantage of sharing accommodations gives you the opportunity to save money for the future, especially if you want to rent an independent accommodation or want to buy your first property in the near future.
    2. Make sure you stick to a routine that will give you the opportunity to save as much as you can.
    3. Do not choose a shared accommodation option if you don’t have a fair idea about the person you are going to share it with.
    4. Being a good judge of character is helpful when looking for a shared accommodation. If you have any doubt, take someone along with you to view the accommodation and the people involved in the process.
    5. Make sure you ask for all the details regarding your living arrangements. Put everything in writing and get all the parties to sign it.
    by: tenancy central uploaded July 4, 2017