A security deposit, also known as a caution deposit, is a sum of money paid by a tenant to a landlord as a guarantee for the performance of the rental agreement. It serves as a form of security for the landlord in case the tenant breaches the terms of the agreement, causes damage to the property, or fails to pay the rent.… Read more
A Landlord’s Guide: The Vital Questions to Ask When Renting Your Property!
Tags: Rental Guide
Renting out your property in India can be a lucrative investment, but it also comes with responsibilities. Selecting the right tenant is crucial to ensure a hassle-free and mutually beneficial rental experience. To make an informed decision, it’s essential to ask prospective tenants a series of questions during the screening process. In this blog, we’ll discuss the key questions to ask prospective tenants before renting out your property in India.… Read more
The Landlord’s Dilemma: What to Do When Rent Goes Unpaid!
Tags: Rental Guide
Being a landlord in India can be a rewarding endeavor, but it also comes with responsibilities and challenges. One of the most common issues faced by landlords is tenants who fail to pay rent on time. When rent payments are consistently missed, it can lead to financial strain for the landlord. In this blog, we’ll explore the steps and options available to landlords in India when their tenant is not paying rent.… Read more
Your Guide to Rent Agreements: Format, Components, and Legal Implications Demystified!
Tags: Rental Guide
A rent agreement, also known as a rental agreement or lease agreement, is a legal document that outlines the terms and conditions agreed upon between a landlord and a tenant for the rental of a property. In India, rent agreements are governed by the Rent Control Act of each state, and they hold legal significance in protecting the rights of both landlords and tenants. Here’s an overview of the format, components, and legal significance of a rent agreement in India:… Read more
What Kinds of Tenancy Agreements are There in India?
Tags: Real EstateRental Guide
Tenancy agreements are a vital aspect of the rental market in India. These agreements outline the terms and conditions of the tenancy and help to protect the interests of both the landlord and the tenant. There are several types of tenancy agreements in India, each with its own set of features and legal implications.… Read more
How will Rent Courts Resolve Tenant-Landlord Disagreements?
Tags: Real EstateRental Guide
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
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
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
About loan against property rentals!
Real estate is a valuable asset that may be a lifesaver in difficult times in addition to giving one a place to live. For instance, a homeowner in dire need of money doesn’t need to take out pricey personal loans; instead, they can use a home equity loan to get by during the financial crisis (LAP). A home equity loan is a special instrument that enables you to maximize the financial value of your house while maintaining its ownership.… Read more
