Blog

Makati City, the vibrant heart of Metro Manila’s financial district, is a highly sought-after address for young professionals, expatriates, and students alike. Its dynamic energy, career opportunities, and lifestyle amenities make it an attractive place to call home. However, securing a rental apartment in this competitive market requires a strategic approach and a thorough understanding of the application process. This comprehensive, step-by-step guide will walk you through the entire process of applying for a rental apartment in Makati City, ensuring you are well-prepared and can navigate each stage with confidence, ultimately increasing your chances of landing your ideal Makati residence.

Phase 1: Laying the Groundwork – Defining Your Needs and Budget

Before diving into the search, it’s crucial to establish a clear understanding of your needs and financial capacity. This initial phase will streamline your search and prevent wasted time on unsuitable properties.

1. Determine Your Budget: This is the most critical step. Be realistic about how much you can comfortably afford for rent each month. As a general rule, your monthly rent should ideally not exceed 30-40% of your gross monthly income. Factor in other recurring expenses like utilities (electricity, water, internet), association dues (if applicable), and transportation costs. Research average rental prices for the types of apartments you’re considering in different Makati neighborhoods to get a realistic benchmark.

2. Identify Your Ideal Location: Makati is diverse, with distinct neighborhoods offering different vibes and levels of accessibility. Consider factors such as proximity to your workplace or university, transportation links (MRT, buses, jeepneys), lifestyle preferences (nightlife, green spaces, shopping malls), and safety. Research different Makati areas like Bel-Air, Legaspi Village, Salcedo Village, Poblacion, and Guadalupe to determine which best suits your needs.

3. Define Your Apartment Requirements: Determine the type of apartment you need (studio, one-bedroom, two-bedroom, etc.), the desired size (in square meters), and essential amenities (air conditioning, balcony, parking, in-unit laundry, etc.). Consider your lifestyle and future needs. Do you work from home and require a dedicated workspace? Do you entertain guests frequently and need a larger living area?

4. Establish Your Move-In Timeline: Know your desired move-in date. The Makati rental market can move quickly, so being prepared with a timeframe will help you focus your search effectively. Landlords typically look for tenants who can move in within a reasonable timeframe (e.g., within a month or two).

5. Prepare Your Initial Documentation (Mental Checklist): While you won’t submit documents yet, start mentally preparing the information you’ll likely need, such as identification, proof of income, and references. Knowing what’s coming will save you time later.

Phase 2: The Hunt Begins – Searching for Available Apartments

Once you have a clear picture of your needs and budget, you can begin your apartment search. Utilize various resources to maximize your chances of finding suitable options.

1. Online Property Portals: Websites like Lamudi, Property24, and Rent.ph are popular platforms for listing rental properties in the Philippines. Filter your search based on location (Makati), budget, property type, and desired amenities. Carefully review property descriptions, photos, and virtual tours (if available).

2. Real Estate Agents: Engaging a reputable real estate agent who specializes in Makati rentals can save you significant time and effort. They have access to a wider network of listings, can schedule viewings, and guide you through the application process. Be prepared to pay a commission fee (typically one month’s rent) if you secure a property through an agent.

3. Social Media and Online Communities: Explore Facebook groups dedicated to Makati rentals or expatriate communities in Manila. Often, individual landlords or tenants looking for roommates post listings here.

4. Direct Inquiries: If you are interested in a specific building or area, consider contacting building management directly or walking around the neighborhood to look for “For Rent” signs.

5. Networking: Let friends, colleagues, or university networks in Makati know you are looking for an apartment. They may have leads on available properties or upcoming vacancies.

Phase 3: The Viewing Process – Evaluating Potential Homes

Once you’ve identified potential apartments, schedule viewings to assess them in person. This is a crucial step in making an informed decision.

1. Schedule Viewings Promptly: In a competitive market like Makati, available apartments can be rented quickly. Contact the landlord or agent promptly to schedule a viewing at your earliest convenience.

2. Prepare a Checklist for Viewings: Bring a notebook and pen to take notes. Create a checklist of essential aspects to evaluate during the viewing, such as:

   • Overall Condition: Check for any existing damage, cleanliness, and general upkeep.
   • Size and Layout: Ensure the apartment size and layout meet your needs.
   • Amenities: Verify the availability and functionality of advertised amenities (air conditioning, appliances, etc.).
   • Natural Light and Ventilation: Assess the amount of natural light and airflow.
   • Noise Levels: Consider noise from traffic or neighboring units.
   • Security Features: Inquire about building security measures (CCTV, guards, access control).
   • Utilities: Ask about how utilities are billed and the estimated monthly costs.
   • Building Amenities (if applicable): Explore building amenities like gyms, pools, or common areas.
   • Landlord/Agent Interaction: Gauge the responsiveness and professionalism of the landlord or agent.

3. Ask Questions: Don’t hesitate to ask questions about anything that concerns you, such as the lease terms, pet policy, maintenance procedures, and any restrictions.

4. Take Photos and Videos: If allowed, take photos and videos to help you remember the details of each apartment after your viewings.

5. Compare and Shortlist: After viewing several apartments, compare your notes and photos to shortlist your top choices.

Phase 4: The Application – Putting Your Best Foot Forward

Once you’ve found an apartment you want to rent, it’s time to submit your application. Be prepared to provide the necessary documentation and information.

1. Express Your Interest Formally: Inform the landlord or agent of your intention to apply for the specific apartment.

2. Obtain and Review the Application Form: The landlord or agent will provide you with an application form. Read it carefully and ensure you understand all the requirements and terms.

3. Gather Required Documentation: Be prepared to provide the following documents (requirements may vary slightly depending on the landlord or agency):

   • Valid Government-Issued Identification: Photocopies of your passport, driver’s license, or national ID.
   • Proof of Income:
     • Employed Individuals: Recent payslips (usually the last 3-6 months), employment contract, or a certificate of employment.
     • Self-Employed Individuals: Business registration documents, income tax returns, bank statements.
     • Students (if applicable): Guarantor’s (parent’s or guardian’s) proof of income and identification.
   • Bank Statements: Recent bank statements (usually the last 3-6 months) to demonstrate financial stability.
   • References: Contact information for previous landlords or employers who can vouch for your character and reliability as a tenant.
   • Visa (for Foreign Nationals): A copy of your valid Philippine visa.
   • Other Documents (if requested): This could include a police clearance or other supporting documents.

4. Fill Out the Application Form Accurately and Completely: Provide all the required information truthfully and legibly. Double-check all details before submitting the form. Incomplete or inaccurate applications can be rejected.

5. Submit Your Application and Supporting Documents: Submit the completed application form and all required supporting documents to the landlord or agent. Ensure you keep copies of everything for your records.

6. Pay the Application Fee (if applicable): Some landlords or agencies may charge a non-refundable application fee to cover the cost of background checks and processing. Inquire about this fee beforehand and be prepared to pay it upon submission of your application.

Phase 5: The Waiting Game and Securing Your Lease

After submitting your application, the landlord or agent will review your information and may conduct background checks.

1. Be Patient but Follow Up Professionally: Allow a reasonable timeframe for the landlord or agent to process your application. However, it’s also acceptable to follow up politely after a few days to inquire about the status of your application.

2. Prepare for a Background Check: The landlord or agent may conduct a background check, which could include verifying your employment, income, and rental history.

3. Review the Lease Agreement Carefully: If your application is approved, you will receive a lease agreement (contract of lease). Read every clause carefully before signing. Pay close attention to the lease term, monthly rent, payment schedule, security deposit amount and terms of return, utility responsibilities, maintenance procedures, and any specific rules or regulations for the building or community. If anything is unclear, don’t hesitate to ask for clarification. Consider having a trusted friend or legal professional review the lease agreement, especially if you are unfamiliar with Philippine rental laws.

4. Negotiate Terms (if possible): In some cases, there might be room for negotiation on certain terms of the lease agreement, such as the lease duration or minor repairs. However, be mindful that in a competitive market, landlords may be less inclined to negotiate.

5. Pay the Security Deposit and Advance Rent: Once you agree to the lease terms, you will typically be required to pay a security deposit (usually equivalent to 1-2 months’ rent) and advance rent (usually for the first month). Ensure you understand the accepted payment methods and obtain a receipt for all payments.

6. Sign the Lease Agreement: Once all terms are agreed upon and payments are made, both you and the landlord will sign the lease agreement. Make sure you receive a signed copy for your records.

Phase 6: Moving In and Settling Down

Congratulations! You’ve secured your rental apartment in Makati City. The final stage involves moving in and ensuring a smooth transition.

1. Schedule Your Move-In: Coordinate your move-in date and time with the landlord or building management.

2. Conduct a Move-In Inspection: Before officially moving in, conduct a thorough inspection of the apartment with the landlord or their representative. Document any existing damage with photos and videos, and ensure these are acknowledged in a move-in condition report to avoid disputes later.

3. Set Up Utilities: Arrange for the connection of essential utilities such as electricity, water, and internet in your name.

4. Familiarize Yourself with Building Rules and Regulations: Understand and abide by the building’s rules and regulations.

5. Obtain Keys and Access Cards: Ensure you have all necessary keys and access cards for the apartment and building amenities.

6. Update Your Address: Inform relevant parties (banks, employers, etc.) of your new Makati address.

Key Takeaways for a Successful Application:

• Be Prepared: Gather your documents and understand your budget and needs beforehand.
• Be Prompt: Respond quickly to listings and schedule viewings promptly.
• Be Professional: Present yourself as a responsible and reliable tenant.
• Be Thorough: Carefully review all documents and ask questions.
• Be Patient: The application process can take time.
• Be Respectful: Maintain courteous and professional communication with landlords and agents.

Securing a rental apartment in Makati City requires diligence and preparation. By following this step-by-step guide, you can navigate the process effectively, increase your chances of approval, and find the perfect place to call home in this dynamic urban center. Good luck with your apartment hunting!