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Avoid Losing Your Luxury Condo Rental Deposit

1. Read and Understand Your Rental Agreement – If there is one place to take your time, it would be when reading your rental agreement. Look for any extra fees and make sure you know how your rental deposit factors into your rental pricing. Will breaking specific rules mean extra costs for you? Ask as many question as possible, and it never hurts to have someone with no connection to your trip look over the agreement(s).

2. Check Local Renter Rights and Laws – It may feel like overkill, but knowing where you stand as a renter is always beneficial. Consider that you may be in another state or country. The last thing you want to depend on is hunches and general knowledge regain your rights.

3. Have a Detailed Walk-Through and Document Everything – When you get to your luxury condo, don’t be taken in by the glitz and glamour that comes with a high ticket rental property. As you would in renting an apartment, go through and check the premises for any problems such as stains, chips, scratches, and general upkeep that needs to be taken care of before you finalize an agreement. Take pictures and videotape the walk-through as these can be very important should there be any disagreement about the property’s condition when you leave.

4. Look Out for Fragile Items – A luxury condo is usually well-decorated and is made to look as great as possible. However, some of the items put out can break, so it isn’t a bad idea to take these items and safely put them in a protected area. One thing to keep in mind, though, is that if you do break something or damage something, fess up. Don’t try to cover things up as this can become a bigger headache down the line.