Things should know about before BUY or RENT house for student…!!!

Student housing is the new thing which is becoming popular day by day. We all like to live in nice and comfortable accommodation. Many students usually move from their home town to big cities to pursue higher education or to pursue a career. Thus, student housing is becoming popular these days. There are many things that are demanding such accommodation for students and working professionals.

We start learning from the time of our birth and this process of learning keeps us alive as long as we are alive. According to research, a common man spends about half of his life learning new things.

When we are born, we start learning in our homes and then we join educational institutions like schools, colleges to learn more about various things. To study further or find a job, students move to new cities or countries and that is why they need best accommodation.

Major cities in India provide many education and job opportunities for students and working people. Therefore, the demand for rental space like PG, hostels, single apartments etc. is increasing very much today. Not even in India but worldwide there is a high demand for such rental housing. Finding a home is the first and foremost concern for those who are relocating to new places. Previously, it was difficult to find accommodation because we knocked on every single door in an area to find a flat or apartment. But now, the internet has become a single solution as we can find many accommodations with their photographs and other details for further processing.

Students can find different types of accommodation according to their needs as well as their budget. Most universities and colleges enable students to stay in their hostels. In addition, you can stay in PG or rent a flat where you can share your rooms with your friends and save money. So, you need to plan your stay, and then start hunting for a rental accommodation meeting with your needs. With the increasing demand for such housing, many people have converted their properties for rent a flat and apartments. To attract tenants, they provide many facilities so that students can contact them and stay there.

According to expert real estate investors, such housing is very profitable and gives high return on investment. Student housing is growing rapidly in the real estate sector and investors are sure of their faithful returns. The trend of converting a house into a flat or apartment is getting bigger and that is why you can find such rental accommodation options in every city corner. And its demand will increase continuously in the near future.

Student housing is the new term in the real estate market. Those who migrate to new cities seek rental accommodation meeting their needs as well as budget for the first time. They ensure that the apartment should be filled with all the important facilities and should be available under their budget. To find a suitable and comfortable apartment in every city, it is advisable to check online first, where you can get enough accommodation options and pick the right one.

Should know about payment of guest accommodation agreement

Paying guest accommodation is becoming a preferred option among students and young employees. Staying away from his hometown, a Paying guest provides a homey atmosphere to flourish. Students look for excellent facilities, good food, high security and many other facilities when choosing paying guest accommodation in various cities, but they often ignore the importance of signing a Paying Guest Accommodation Agreement with the landlord. By doing this, they create sufficient scope to pay huge deposits and to rent for various facilities. In addition, they may end up in a variety of landlord-tenant conflicts, with no valid way of proving their point. Before digging deeper on the importance of a paying guest housing agreement, let us understand the important difference between a paying guest and a tenant.

Paying Guest vs Tenant

As a tenant one gets a separate flat or a different part of the rented house. And, the landlord is not allowed to enter that premises, without the permission of the tenant. On the other hand, a paying guest resides within the landlord's premises and can share many common facilities with him. Now, as the paying guest is not a tenant, he / she cannot enjoy all the privileges that have been given to a tenant under the law. But the government has provided special provisions for paying guests.

The Urban Development Department has come forward to regulate the functioning of payment of guest accommodation across the state, making their registration with the designated officer mandatory. In addition to determining registration with fees, the rules also specify the number of guests who can stay at a Paying Guest. In addition, the law also makes it mandatory for a landlord to sign a paying guest agreement.

Benefits of signing a Paying GuestAgreement

Once you have selected a Paying Guest, the next thing you need to do is a Paying Guest Agreement with the landlord. It may be possible that your landlord may not be convinced about entering into a legal agreement. If this is the case, you should convince them of the benefits of signing this agreement. A well prepared Paying Guest settlement protects both the owner and the guest paying against future legal battles. It also ensures that either party does not deviate from the rules that were previously agreed upon.

The Paying Guest Agreement also serves as proof of local address for the paying guest. Also, it will provide proof of the rent you are paying to the landlord and the facilities he is obliged to provide to you.

How to sign a Paying Guest Agreement?

A paying guest agreement must be documented on stamp paper. As long as the agreement is signed on the stamp paper, it does not need to be notarized. Remember that if there is no agreement on the stamp paper, it cannot be used as a document of proof in the courts in case of disputes.

The agreement must contain the name and permanent address of both the landlord and the paying guest. It should be signed by both the parties and two witnesses.

Also, the agreement should provide detailed information about facilities, rent, security deposit and the code of conduct expected from both parties.

Since the Paying Guest Agreementis a license to live and use the premises only, it can be made for 1 year, 1 month, 6 months or any period.