Showing posts with label rent agreement. Show all posts
Showing posts with label rent agreement. Show all posts

Saturday, June 13, 2020

Be Aware And Should Know While Hunting A Rented House

When hunting for housing rental, if you are not aware of the basic information on how to be safe with scammers and their techniques, then you can face real big issues in this market. Therefore, you should be familiar with the basic ways to rent property easily without falling prey to fraud and shady schemes. We have added some very useful and important tips that will help you locate the rental scammer that you may have to face while searching for your ideal rental accommodation.

1. Do Not Start Deals with Cash


Most of us start dealing with cash which should not be done as it becomes very difficult to detect the crooks if the transaction is done in real cash only. Thus, when you pay in cash to rent a place, you will not be able to find them if people cheat because they can run around the world with your money.

It has been observed that if the owner of the property wants to do some fraud with you, he will always try to convince you to make all the payments in cash. It is advised not to deposit security and pay the previous month in cash but you can go with wire transfer instead.

2. Go to Rent Place First                    


If you are paying for a rental place that you did not trust by trusting the words of the estate agent, then you are indeed making a big mistake. You should first go to the location suggested by your agent before making any payment to him. This way, you will not regret your decision and can go to another landlord if you are not satisfied.

A real landlord will call you to see your property so that you can find out if it suits you and your needs. Photos uploaded to various property sites may differ from the original property. Therefore, make sure to visit the property first and evaluate the condition of the property yourself. It is also beneficial for those who have to go to other places for work or study. You can enlist the help of your friends, relatives to visit the rental place to find out the reality about the property. It would be great to talk to landlords rather than coming in contact with an agent directly because the scimitars can have access to the property and fool you. Therefore, make sure that you check all aspects of the property before renting.

 


3. Make sure to sign the lease in writing


When renting a home, make sure that you sign the lease in writing only. This is necessary because there is no guarantee of a verbal agreement, but with a written agreement, you have complete assurance that you have not been a victim of any fraud. If you make a verbal agreement, chances are you will have to take the fraud to court, but proving that it will become a real headache due to lack of evidence.

Therefore, be sure to sign a lease contract with your landlord and the landlord must remember to sign the agreement with the tenant. When signing a physical contract, make sure that-

  • Must be the signature of the landlord. 
  • You get a copy of the agreement with the landlord.

Friday, June 12, 2020

You should consider carefully before renting a new flat with your children...

Renting is an excellent solution to live a peaceful and comfortable life without spending large amounts of capital. Although moving to a new home can be exciting, you need to make your choice more carefully to avoid many problems in the future. If you have children, your rental decision should include many important factors so that your younger people can live their lives to the fullest. While searching for an apartment for you and your children, you may come across a landlord or two who will inform you of the ban on children. There may be some restrictions for their safety, but others often pressurize them to avoid sports and socializing. Well, you need to avoid such foolish landlords who will act like a monopolistic dictator for your children. In this writing, we have shared some important factors that have to be considered before renting a flat with your children.

1- Set your budget

This is the most important consideration that you should do before searching for a rented house. Ideally, your house rent should not exceed 10% of your monthly income. But this should not be the only consideration when choosing a budget for your rented flat. Rather, you should calculate the total expenses including utility services, insurance fees and taxes before allocating a fair share of the money to be deposited at home.

2. Search the right way

Finding online flats for your children can be difficult because you, not every owner or agent, openly states the level of child friendliness on websites. But still, the real estate portal is a good place to start your property search. Many reputed real estate portals offer classified options for child-friendly independent apartments for rent in any area of any city. Advertisements on these websites usually provide contact details of the agent or owner. You can contact the person concerned to book a home inspection schedule. 

3. Check the features

Living with their children follows a long list of needs. Thus, you need to set your priorities and write them on a piece of paper. You may need a home that is close to school or workplace and has child-friendly policies. Ensure that the apartment has all the basic facilities like water and electricity. Also, find out society's provision for safety so that your children are safe at home, even if you are out for work.

4. Rental Agreement

Most of us sign an agreement before reading it well. But this should be avoided in the case of a lease agreement as the success of your kidney period depends on it. In addition, the rental agreement will serve as a valid proof at the time of any dispute with the landlord  or other tenants. The agreement will provide information about the start and end date of the rental agreement. In addition, it will provide information about rental prices in society, rules to follow, and the reasons why your landlord may terminate your lease contract.


Do not let your eagerness to find a rented flat for your children result in poor judgment. There is nothing worse than finding a flat that would be unsafe and inappropriate for your younger people. Therefore, after checking the facilities required for the good of your family, make this decision carefully. And, make sure you get a property that comes with child friendly policies.

Monday, June 8, 2020

Do you know how to negotiate your rent as Tenant


It can be difficult to find a perfect flat in any city. And, even if you find a home that suits your needs, a high rent is something that can hold you back. But most people have no idea that the rent can be reduced. After all, leasing a property is a business for the landlord. And, he / she often quote a higher price because there is a common belief that the tenant will negotiate the rent below.

In our opinion, it is worth negotiating and getting the property at the best rental price. By saving on a small percentage of rent, you can save thousands of rupees a year. This will open many opportunities for you and your family.

If this is the first time that you are negotiating a rent, you may be a little nervous about being bothered for rent. So, to help you in this endeavor, here we have shared some useful tips.

How to Negotiate Rent as a New Tenant

When you go in for a home inspection, do not give immediate satisfactory comment, even if the property is like. It is better that you take a family member with you while going for home inspection. And, instead of saying what you like about the house, try to find some defect in the property and talk to your partner about it. This will make the landlord feel that he should reduce the rent.

If you think about understanding your situation, the landlord will deduct the rent himself, it will never happen again. Therefore, you have to start a conversation. Once you start it, don't be too stiff. Let the other person feel that he or she is also winning.

Also, think about what your landlord will cost you in return for a lower rent offer. You should give him some attractive offers, how good you are as a tenant. For example, you can assure that you will keep the house clean and well. Also, you can tell him that you will pay the rent on time.

How to Negotiate Rent as an Existing Tenant

After the expiry of the 11-month lease period, the rent of the house can increase by 10 percent as discussed in the rental agreement. This can be a major reason that you are changing homes every year. But if you are not comfortable with the rental increase, it is better to discuss the issue with the landlord.

By now, you can already create the impression of being a good tenant. Therefore, the landlord will definitely want you to continue living in the house.

Before negotiating rent with your landlord, check the rent of comparable apartments in your area. If you find that other flats in your area are available at a lower price, start making a list of examples. The more data you have, the better. But if you are already paying less than the standard rate for your flat, then it may not take much luck to negotiate.

Ideally, you should negotiate before your current lease expires. Make sure your landlord doesn't understand that you ran to find a place. In addition, it is difficult to say no to someone sitting on the phone with a person, because talk to him in person.

Important- Negotiation can be difficult, especially when you have no prior experience in bargaining. Just be confident in your expectations and be realistic with your expectations. Also, maintain a polite tone and respect your landlord during the entire process.

Saturday, November 23, 2019

Tamil Nadu government has extended the deadline for registration under the Tenancy Act until February 2020


On 31 October 2019, a directive was announced stating that the government on the idea of ​​representation would amend the Tamil Nadu Regulation of Rights and Responsibility of Landlords and Tenants Act, 2017 to extend the registration deadline for tenancy agreements has decided. Additional period of one year.


Approximately 40 days after the deadline for filing agreements under the Tenancy Act expires. The Tamil Nadu government has provided greater ease to citizens by extending the deadline to register the rent agreement under the Tenancy Act by the third week of February 2020.

Earlier, the TN government extended the registration deadline till September 22 under the Tenancy Act.


The Tamil Nadu Regulations of Rights and Responsibilities of Landlords and Tenants Act, 2017 came into force on 22 February 2019 due to the notified rules of the government.

As of 18 May 2019, Chennai districts have seen only 200 odd registrations under the Tenancy Act. In the inadequacy of registration under the Tenancy Act, tenants and owners will not have a legal forum to settle a dispute arising out of leased properties.

The Tenancy Act has replaced the Tamil Nadu Buildings (Lease and Rent Control) Act, 1960, commonly known as the Rent Control Act. Matters related to disputes between occupants and landlords can be resolved only through the rent authorities established in each district.

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