Things you Should Know Before Renting a Home
Moving to a new city can be daunting. Yet, it is a certainty for many Indian students and professionals, especially Millenials. The first thing you need to arrange for once you move is accommodation. If you are looking for rental accommodation, you might encounter landlords who set their terms and conditions or are adamant about increasing the rent annually. To avoid being taken for a ride, you should be aware of your rights as a tenant. We list eight things you should know before moving into a rental home.
Here’s a Look at Some of the Important Points to Keep in Mind:
1. Physical Inspection of Flat
Before renting a flat, you must do a physical inspection of the flat. Cross-check furniture and fixtures, including plumbing, electrical and sanitary fittings. As a tenant, you should visit the flat or owner to see the exact location and discuss the changes you want. The owners may consider them if they are done before you move in. A physical inspection helps to avoid confusion that may arise between the parties later.
2. Maintenance Fee
Annual and monthly maintenance terms can cause conflict between owner and tenant; therefore, a tenant should know the terms and conditions before renting a flat. Aspects of routine maintenance, such as water taps, electrical boards and wiring, may not be at the top of your checklist, but repairing heavy interior or exterior damage and the paint of the walls can be debatable. Therefore, these should be discussed immediately.
3. Brokerage Commission Discussion
If the apartment is finalized through a broker, the commission amount should be discussed at the outset, as it can vary from half a month’s rent to a month’s rent. This differs from city to city, and connecting with a broker registered with the Real Estate Regulation Act (RERA) is advisable to avoid issues later.
4. Facilities in Society
Choosing a flat in a society is more challenging than taking one on a builder’s floor. The owner must notify the tenant of all paid and unpaid services for which the tenant is eligible. Additional parking lots, conditional club access, swimming pool, door-to-door service fees, and Residents Welfare Association (RWA) fees can cost you more later if the owner remembers to mention these initially.
5. Flat Document
Before taking an apartment or flat of your choice through a broker or directly from the owner, you must ensure that the property is free from fraud or title issues. You can request documents, such as the chain of title transfer, last paid electricity and water bills, overall layout and provision of changes (if any), owner’s relationship with the broker (if any) and final Basic information of the tenant who lived there.
How Can Getezo Help?
Getezo is one of the largest upcoming online marketplaces in India, which you can access from almost anywhere. Find out the best Rooms on rent at Getezo. The page takes you to a location where a list of the Rooms will be shown. Choose the option which suits you the best.
Also, Read: “5 Things You Should Know Before Renting a Room“.