Renting out your
property in India needs a careful decision and deep real estate market
research. When a person tries to rent out his or her property, many questions
tickles his or her mind. Who will be the tenant? Will tenant provide rent on
time? No worries. Through this blog, we have come up with the valuable points
that will help you make a careful decision while renting out your property in
India.
Check out the rental rates:
Before renting out
your property, make sure that you check out the rental rates in your locality.
If you want to make your decision safe, ask for an advance security amount from
your tenant. Most importantly, if your property is well-maintained and fully
furnished then never compromise in advance security amount.
Insurance Cover:
When you are thinking
of renting out your property make sure, your property has the maximum insurance
cover as the tenants will take charge of your property.
Written Agreement:
No work should be done
without written agreement. Prepare a legal document, including important terms
lease, monthly rental amount and security deposit. In case, the rental
agreement is set to expire and tenant want to extend it, then extension should
b done in writing.
Verification is Important:
Always
try to include police in this matter. God forbid, if anything bad happens, at
least everything goes legally. Submit the form to the local police station
along with the verification proof of the tenant.
Make
sure that you consider the above mentioned important points before giving your
property on rent. In case you are looking for a reliable and leading real
estate builder in Pune, Karia Developers is your one-stop source.
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