Online Rental Scams: Here's What You Need To Know

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Rental Scams

Rental scams are the scams that trick home buyers into paying money- fees or deposits for nonexistent, already rented or misrepresented properties. This is done by creating false claims.

scams

Warning Signs

There are various warnings for rental scams that include unrealistically low rent and no property visits to the borrowers at all.

warning

Other Signs

The other signs include urgent payment requests and fake documentation, where the landlord refuses to give proper documentation or the information appears to be inconsistent. 

Other Signs

How to stay safe

For one to stay safe from scams, it is important to research the property to be taken and the landlord. One should also visit the place and verify the property first.

How to stay safe Shutterstock

Other Ways to stay safe

Other ways for one to stay safe include Verifying the ownership documents and using secure and safe payment methods. One should also sign a legal rental agreement.

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