Engineering page |Education | List of Colleges |
Article page |
Health page |
Fruits and Vegetables
House Plans |
House Loans |
| Interior Design |
Property Buying Tips |
Renting Tips |
By renting out the property, one can generate a
considerable amount of income, which can help in a number of ways, besides
taking care of house maintenance expenditure. Most landlords generally shy away
from renting their properties, because of the general perception of bad tenant
behavior. Besides the litany of bitter experiences of landlords, rent control
laws favoring tenants also add to the woes of house owners.
With various state rent control laws yet to be amended in order to be more
equitable for property owners, an extra dose of caution is called for, before
handing over the rooms. After finding a tenant, you should check out his
background and his financial capabilities. Gather information about his
employer/business and whether he is earning enough to pay the rental charges
regularly. In case of companies, check their track record and reputation, what
business they do, whether the society byelaws allow renting out for commercial
purpose. It is advisable to rent out properties for a short duration.
While big corporate may prefer a three-five year lease, landlords usually prefer
the relative safety of a leave-and-license agreement, which ensures periodic
renewal of the terms. The eleven-month agreement is usually popular, as these
pre-empt the rent control laws, which apply after 12 months. While drawing up
the contract, you should take help of a legal expert and prepare a comprehensive
agreement without any loophole. In the agreement, include the following: clauses
specifying what are the charges, if not vacated when the contract ends; specify
that subletting is prohibited under any circumstance; mention the period of
notice to be given, in case of termination of agreement.
Even after all these preliminary steps, you should occasionally visit the house,
to make sure the tenant uses the house properly, for the specified purpose. At
the time of vacating the premises by the tenant, ensure that the house is in
proper condition and tenant has cleared all outstanding dues such as water,
electricity and society fees. Return the security deposit only when you are
certain that all the dues have been cleared. If you are renting the place to a
foreigner, the you need to register with the police commissioner. In some areas,
even for renting out to Indian citizens, one needs police permission.
House plans, home plans, plans, residential plans
House Loans, home loans, where to get housing loan
How do loans work, the basic concepts of loans
Construction Tips, construction guide lines,
house rental tips, rental tips, renting properties
What is Reverse Mortgage
Guidelines to purchase residential properties
Lotus-shaped 91 feet prayer hall in kerala
What is Interior Design, interior desings, resources
Interior Design Colleges
Interior Design- Bed Rooms
Interior Design- Bath Rooms
Kitchen Designs, kitchens
Modern Architectural Design Softwares
Landscaping Designs landscape architectures
Avoid brokers who look unethical and are
Stay away from brokers who displays
affiliation towards a particular political party.
If possible avoid brokers and directly contact
Make sure that the place you are going to rent
can give you good water, electricity and security.
Make sure that your property is not near bad
areas and with mosquitoes problems.
If you are looking for paying guest
accommodation see whether you can stay with elderly couples whose children
are abroad; this is a socially responsible thing to do to fill a vacuum for
If you are a lady looking for accommodation
make sure that the area you are going to rent is well populated, near busy
intersection, near a bus station. Make sure that you always have a cell
phone with you.
Tolet Independent Houses, Bungalows - Look for
privacy; we have seen lot of houses surrounded by tall flats with no privacy
Commercial Property - Look for decent location
Office Space, Industrial property - Make sure
that you take legal advise before renting.
rooms within a house, room mate wanted or
available - check who you would be living with before you move.
Company / Corporate accommodation - look for
well known real estate companies.
For paying guest accommodations look for areas
where you get good water.
if you see "Available Office Space", office
rentals, office space rental, office suites, rent office space, office
rental, office to rent, office rent, offices for rent, offices for lease
then get the contact and talk to the previous tenant.
What should you look for in a property before renting?
The more you know about the condition of the premises before you rent the better. The following is a good checklist to have before renting:
Ensure that the plumbing systems, drainage and sanitary fittings are in good working condition.
Check for the quality of the electrical systems, circuit breakers, wires and functioning of light and other fittings.
Check for problems with roofing, walls, ceilings, floors & paintwork.
Check for the structural stability of the building, basement and other visible structures.
Check for the quality of the doors and windows, latches & locks.
Ensure that the property has a good water and electricity supply.