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Home Search results for "Rent"

Eviction from Rented Property

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Read below to know the conditions for eviction from the rented property.  Lease Agreement/Rent Agreement If you have a lease agreement, only you or anyone you give permission to has the right to live in the rented property. However, there are certain circumstances where the landlord can evict you from the house. To do so,Read more

Complaining to the Police for Rent Troubles

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

If you want to file a complaint to the police against your landlord/licensor/tenant/licensee, you will have to go to the police station and file an FIR. You should make sure you give all the information you know about incident and trouble you have faced with either your landlord/licensor/tenant/licensee or a broker or any middle menRead more

Stamp Duty

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Either the landlord or you or both of you will have to pay the “stamp duty” which is a tax levied on the agreement that you enter into when you are renting a house or a flat. You have to give your stamp duty during the process of registration.Read more

How to Register a Rent Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 1

In order to register your rent agreement, please follow the steps given below. In most cases, your broker will help you through this process. Step 1 Once the agreement is ready, pay the relevant stamp duty amount. Step 2 Book an appointment with the sub-registrar of your sub-district. Most states have set up an onlineRead more

Registration or Notarisation of Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Registration of Rent/ Lease Agreement If your lease agreement is for a year or more, it is compulsory to register it with the office of the sub-registrar of the city you are living in. It must be registered within 4 months from when the lease agreement was made. If the agreement is not registered, itRead more

Police Verification Process

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

There are two ways, you can get the police verification done. You can either approach the nearest police station and acquire a tenant verification form from them or hire a professional to do it for you for a fee. Some brokers also provide this service. Step 1 For police verification the following documents will beRead more

Police Verification

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

While renting out their property, landlords/licensors are required by law to get police verification of their tenants/licensees done. It is important to note that this is not optional. This process is done mainly for security reasons, so as to verify your background and check the details of past residence/family/criminal record (if any) etc. If they doRead more

Security Deposit

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Security deposit is taken by the landlord/licensor since during the rent period as a tenant/licensee you are going to be in possession of his property. It is only returned when you are handing over the keys to the landlord/licensor while vacating the flat. The landlord/licensor would usually inspect the house for any damage. Negotiation ofRead more

Paying Rent

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

While paying rent, there are certain things you should keep in mind: Depositing Rent In case of lease deeds, the law requires you to pay the rent by the 15th of the month. However, this is not necessary for a leave and license agreement. You usually pay rent for the coming month. For example, ifRead more

Checklist for Rent Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 1

In order to safeguard the rights of both tenants/licensee and landlords/licensor, you must ensure that you have a written rent agreement. While finalising this agreement, it is very important to read all the terms mentioned in it. These terms not only decide your rent amount and security deposit but also covers many other important aspectsRead more

Leave and License Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

In some cities, instead of a rent agreement, a leave and license agreement is used. By using this form of an agreement, the owner of the property gives you permission to use the house for a specific purpose. In a Leave and License agreement, the person giving the house on rent is called the licensor and theRead more

Lease Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

A lease deed/agreement is the most common form of agreement used in many cities like Delhi, Bangalore, etc. It is also commonly referred to as ‘Rent Agreement’. Rights Under a Rent Agreement As a tenant, if you have signed a lease deed with your landlord, you have certain rights that you would not have inRead more

Types of Agreements while Renting

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

It is ideal to have an agreement or contract when you renting a house or giving your house on rent so that: When there are any disagreements regarding money, utilities, and repairs, etc. the details of the contract would be enforceable and helpful for you. When you want to file a complaint with the police/courtRead more

Signing the Written Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

There are certain steps you should follow before signing the written rent agreement. Due Diligence Before Signing If you decide to take the house or give your house on rent, then here are some important things you should do before signing the written agreement: Read Your Agreement Before signing your agreement ensure that you orRead more

Steps for Negotiation with Landlord

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Steps to Take for Negotiation with Landlord  Ask for Identity Proof You can ask the landlord/licensor for identity proof so that you can confirm that the landlord is the owner of the house or has the permission of the owner to rent the property. The purpose of asking for identity proof is to check whetherRead more

Negotiating Your Rent Agreement

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Process of Negotiating your Rent Agreement:  While negotiating you should try to first establish the identity of the person who you are going to enter into an agreement with. Having this information is important to be able to assert your rights and bargain/negotiate with the person you are entering into an agreement with. Further, if you haveRead more

Searching for a House

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Contact a Broker When you decide to search for a house or a flat, you may need to contact a broker for the area in which you want to stay in. Brokers are usually paid only after you finalize a house and you sign the contract. Inspect Depending on the kind of house (furnished/unfurnished) thatRead more

Precautions to be Taken while Renting a House

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

You must take certain precautions while renting a house. While trying to enter into an agreement to rent a house/flat, often the legal procedures for rent are not followed properly. However, since it is a contract and involves an exchange of property and money it is important to understand the following while going through theRead more

Renting a House/Flat

By Malavika Rajkumar | Money and Property, Rent | 0 comment | 27 June, 2019 | 0

Renting a house or a flat involves many processes and procedures. You can be taken advantage of if you are not aware of these processes or procedures. Please read the following to safeguard yourself while renting a house: Searching for a House Negotiating your Agreement Signing the Written Agreement Registering the Agreement or Notarizing PayingRead more

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