Warning issued to renters in Switzerland regarding deceptive 'complimentary' apartment lease advertisements
Going Free and Easy on Rent? Fight the Temptation First!
🤑 You've seen 'em, the tempting ads from landlords and real estate agencies, promising rent-free digs for one, two, or even three months. But here's why you should think twice before diving headfirst into these deals.
🎉 Don't let the allure of free rent cloud your judgment. Real estate expert, Donato Scognamiglio, has two solid reasons why these generous offers are on the table, even in a housing crunch.
💣 Reason 1: Something's Off with the Apartment
Remember: if it sounds too good to be true, it probably is! That sleek, rent-free apartment might just be hiding a floor without an elevator, a dodgy location, or an aging building that's long overdue for a facelift. So, do your due diligence and inspect the apartment before you ink the deal.
💣 Reason 2: Landlords' Cunning Strategy
Landlords are not stupid. Rental contracts last an average of 7 years, or 84 months. Instead of lowering the rent, it's more profitable for them to offer a few months rent-free. Once the freebie period is up, you'll be back to paying regular rent. So, be aware of the commitment you're signing up for.
💪 If these reasons don't put you off, then, by all means, go ahead and sign that contract. Just make sure you're fully aware of what you're getting yourself into.
🚫 Can't Stay for Free and Leave
Once you sign that lease, you're bound by the terms and conditions. Meaning, after the free period, you'll be expected to pony up the regular rent or face penalties for breaking the lease early.
🚫 Beware of Rental Scams Galore
While rent-free deals aren't illegal, watch out for those shady practices. Cybercrooks are on the rise, using fake listings and scams to snag your cash or personal details. To avoid these scam artists, check out our guide on rental scams in Switzerland that foreign residents need to avoid. Stay savvy, stay safe!
- Real estate expert Donato Scognamiglio cautions that rent-free apartments might come with hidden issues, such as a problematic floor plan, location, or building condition.
- Landlords may offer rent-free periods strategically, as they can save money in the long run by not reducing the rent, and later transition you back to regular monthly payments.
- Investing in a rent-free apartment seems appealing, but one must consider the contract's duration and potential hidden costs or obligations before signing the lease.
- Be wary of rental scams while searching for rent-free apartments, as cybercriminals may leverage fake listings to obtain personal information or money.
- After signing a lease for a rent-free apartment, you are bound by the terms and conditions and could face penalties if you decide to move out before the regular rent begins.
