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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