Checklist for Finding the Best Phnom Penh Apartments for Rent

The capital city of Cambodia- Phnom Penh, is known for its culture, landscape, fast-growing infrastructure and economy. The city offers a unique blend of modern infrastructure and lush green landscapes, which makes it a popular option for real estate in Cambodia.

Phnom Penh is in high demand among people looking for apartments for rent, be it amongst locals looking for an upgrade, expats planning to settle, or foreigners looking for rental holiday homes.

But finding the right apartment alone in Phnom Penh, without the assistance of local experts, is no less than a challenging task. This is because every area has rental terms and conditions, which only a local is well-versed in. If you’re also planning to rent an apartment in Phnom Penh or looking for the best Phnom Penh Apartment for Rent, local real estate agents in Phnom Penh at IPS Cambodia will assist you throughout the process.

To begin with, let’s get into the details of the checklist for finding the best apartments for rent in Phnom Penh to form a base for time-saving searches. Scroll down to explore!

Checklist to Help You Find the Best Apartments for Rent in Phnom Penh

For all those wondering what this checklist is and how it will help, it is nothing but just the list of factors you need to consider when renting an apartment in Phnom Penh. This checklist will help streamline the research process when looking for rental apartments, as it will help you identify all your requirements, including affordability and location, thereby offering time-saving benefits.

– Budget and Affordability:

Budget is the first factor to consider when renting an apartment in Phnom Penh. Knowing how much your budget allows for relocation and considering other aspects like rent, utilities, repairs, maintenance, and other essentials will help you with informed and budget-friendly decisions. Considering these will ensure you’re not overpaying according to your expectations and have enough income to cover all the monthly expenses.

IPS Cambodia has various rental apartment options in Phnom Penh to cater to all budget preferences, whether for a one-bedroom apartment or studio or services apartment for rent in Phnom Penh.

– Location Matters:

Location is another main factor to consider when looking for apartments for rent in Phnom Penh, regardless of whether you plan a weekend or a long stay. It affects proximity to amenities and convenience. Some popular locations to rent an apartment in Phnom Penh include BKK1, Daun Penh, Phsar Thmei, and Khan Meanchey.

Experts at IPS Cambodia advise you to opt for apartments with easy access to public transportation, short commutes to work or school, shopping centres, grocery stores and entertainment options, proximity to recreation, religious facilities and access to parking.

– Apartment Size and Type:

Another factor to be considered when renting an apartment is apartment size and type. More square footage means higher rent. Moreover, more rooms in an apartment can also impact the rent. So, always opt for the number of rooms according to the number of residents to prevent unnecessary costs.

You must also check the different apartment types, which includes serviced apartments, studio apartments, duplex, loft and other options, according to your preferences.

– Amenities and Features:

Based on the rent and other facilities available, different apartments offer different amenities, which include a swimming pool, clubhouse, parking areas, laundry service, security services, air conditioning, and other features. Please note that the availability of amenities may also affect the monthly rent. Therefore, filter the one based on your priorities for the best decisions.

– Lease Terms and Agreements:

The lease agreement is an arrangement between two parties, the lessor and the lessee. Through this, the lessor allows the lessee to use their property for a fixed period against a fixed monthly amount and security deposit. Late fees, due dates, rent amount, and grace period are some of the terms considered during lease terms and agreements.

According to experts, it is advised to always opt for expert assistance to ease out the lease terms and agreement process because a few legalities are involved in the process, which only real estate agents are well-versed in.

– Rental History and Background Checks:

Check for references from previous apartment tenants for your filtered rental apartment options, as knowing past experiences can help you with deep insights. Running a background check on the owner’s personal and professional profiles, enquiring with the neighbours and checking the pending legal cases on the property will help with the required details.

IPS Cambodia’s real estate agents assist with the rental history and background checks, ensuring you lock in the best options for your rental apartments.

– Inspection and Maintenance:

Before you sign the lease papers, it is best advised to physically go and check the apartment on your own for an inspection. You should identify the existing damages and repairs that need to be done.

Discuss the maintenance procedure with the landlord and check that all the utilities are in working condition before you move in. To avoid future disputes, click pictures of the existing damages; this will work as proof if there is any trouble with the landlord in future.

– Legal and Documentation:

Awareness of your rights and legal obligations is important for tenants and landlords. In case of any issue, it can be cleared out beforehand only. This way, you will save a lot of time and energy. Your agent can take care of all the documentation and legal formalities.

Conclusion:

Finding the home of your dreams is a very emotional journey. To simplify this process, choose IPS Cambodia for your real estate needs. It is one of Cambodia’s best agencies and has been successful in the industry for over a decade.

Book a viewing with the local real estate agent at IPS Cambodia to learn more!