Rent Courts, also known as Rental Dispute Redressal Courts, are a new initiative introduced by the Indian government to resolve landlord-tenant disputes in a timely and efficient manner. These courts are designed to provide a platform for landlords and tenants to resolve their issues without the need for lengthy legal battles.… Read more
Rental Guide: Refund policies and security deposits?
Tags: Rental Guide
While renting a home, a tenant must pay additional security money to cover any unanticipated or unavoidable expenditures that the landlord may have to incur at the tenant’s request. This sum, known as a security deposit, varies by city; for example, in Delhi, it is normally 1-2 months’ rent, although in some major cities, it might be as much as the full year’s rent. As a result, a potential tenant should clarify the security deposit and refund provisions with the property owner and include them in the rent agreement.… Read more
Not Signing a Rent Agreement?: The Potential Pitfalls and Disadvantages!
A rent agreement is a legal contract that specifies all of the mutually agreed-upon terms and conditions between the landlord and the renter. They must pay a registration fee and appear in person at the sub-office registrar’s to complete papers and register the agreement. To save money and save paperwork, two parties may opt to enter into a verbal agreement or construct an agreement but not have it registered.… Read more
Why Landlord Insurance is a Must-Have for Renters in India?
Tags: Realty GuideRental
If you’re a renter in India, you may be wondering if landlord insurance is something you need to consider. Landlord insurance can provide peace of mind to both landlords and tenants by protecting the property and the occupants. In this guide, we’ll discuss what landlord insurance is, what it covers, and why it’s important for renters in India.… Read more
10 reasons why renting a home in India might not be a wise choice?
Tags: Rental
India’s real estate market has expanded significantly over the years, with several new projects and developments popping up in different locations. Although renting a home could seem like a practical choice for many, there are some reasons why it might not be a wise choice in the long run. This essay will go over 10 reasons why renting a home in India might not be a wise choice.… Read more
In what ways will Rent Courts resolve landlord-tenant disagreements?
Tags: Realty GuideRental Guide
On June 2, 2021, the Ministry of Housing and Urban Affairs adopted the Model Tenancy Act (MTA) to govern the lease of buildings in a transparent and efficient manner employing quasi-judicial entities. The goal was to reconcile the interests of renters and owners by resolving disputes in a timely manner by establishing an adjudicating system, such as a Rent Court, a Rent Authority, or a Rent Tribunal, if needed.… Read more
What are the disadvantages of not signing a lease?
Tags: Rental
A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may opt to enter into a verbal agreement or construct an agreement but not have it registered.… Read more
Why are rental agreements only made for 11 months?
Do you ever wonder why rental agreements are only made for 11 months? And why is one required when renting out a property? A rent agreement is essential because it protects the interests of both the tenant and the landlord. It is the most prudent course of action.… Read more
All About Tenant police verification in Pune!
Tags: Real EstateRental Guide
Tenant police verification is an important step in the process of renting a property in Pune, as it helps to ensure the safety and security of the landlord and other tenants in the building. The process involves a background check on the tenant to verify their identity and criminal history.… Read more
Rising housing prices and rental costs in India pose a new inflationary concern.
Tags: Realty NewsRental
Rising property prices and rental rates in major Indian cities may provide a tough opportunity to the country’s central bank in its fight against inflation, economists warn, even if apparent consumer price increases have largely peaked.… Read more
