If you are looking for a new house or apartment, chances are you will have to deal with the key exchange. It is an important part of the moving process and it is crucial to be well prepared. In this article, we will explain all about how the key transfer works and what you need to prepare. We will discuss the basics, highlight important issues and answer frequently asked questions.
What exactly is a key transfer?
Key transfer is the process by which the landlord or seller hands over the keys to the new tenant or buyer. It is the time when responsibility for the property passes from the old owner to the new owner. It is also the time when any remaining payments must be made and the landlord or seller must inspect the property's assets to make sure everything is in order.
How does the key exchange work?
There are a few steps required to complete the key transfer. Below is a detailed description of the process:
Making appointments
Make arrangements with the landlord or seller about the date and time of the key exchange. Be sure to put this appointment in your calendar.
Checking the condition of the property
Before you get the keys, you should inspect the property and note any defects. These should be discussed with the landlord or seller and resolved before you leave the property.
Handing over the keys
During the key exchange, the landlord or seller will hand over the keys to you and you will make any remaining payments to them.
Agree on terms and conditions
Make sure you clearly understand the terms of the rental or sale and confirm them in writing.
What should you prepare for the key exchange?
For the key transfer to go smoothly, it is important to be well prepared. Below is a list of important things to do before the key transfer:
- Make a checklist of the things you need to do before the key exchange and check during the key exchange. This will help you not forget anything and get everything done on time.
- If you need to move stuff, arrange for a moving company to do it for you.
- Make sure you have enough money to make the remaining payments during the key exchange.
