Im­por­tant tips to keep in mind while rent­ing a house or flat

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE - let­ter­schd@hin­dus­tan­times.com

CHECK­ING AND UN­DER­STAND­ING THE LEASE TEN­URE, THE PER­CENT­AGE IN­CREASE IN RENTALS AT THE END OF TEN­URE, SE­CU­RITY DE­POSIT AND THE STAN­DARD DE­DUC­TIONS ON VACATING THE PROP­ERTY, IS IM­POR­TANT. THESE MAY VARY AS PER PROP­ERTY LO­CA­TION AND LAND­LORD’S PREF­ER­ENCES

NEWDELHI: Se­lect­ing a new apart­ment to rest can be a task. It’s es­sen­tial to pri­ori­tise your list of fea­tures and ameni­ties, avoid fly-by night bro­kers. But that’s not all. Pallav Pandey, CEO and Co-founder at FastFox.com, and Gau­tam Tha­par, CEO of Tha­par Builders Pvt Ltd, have listed a few tips to make your search eas­ier and ef­fi­cient:

* Check prop­erty pic­tures: Al­ways in­sist on check­ing prop­erty pic­tures care­fully to short­list the ones you want to visit phys­i­cally.

Home-seek­ers who do not short­list are likely to end up in wild goose chase and end up vis­it­ing a bunch of ir­rel­e­vant op­tions which do not suit their pro­file but are hard sold by the bro­kers.

* Fix your pri­or­i­ties and ar­eas of ne­go­ti­a­tion: It is al­most im­pos­si­ble to find a house that ticks all the boxes ac­cord­ing to your needs, tastes, pref­er­ences and bud­get. There­fore, it is im­por­tant to pri­ori­tise your list of fea­tures and ameni­ties.

* Deal with a pro­fes­sional agent: Moon­light­ing agents or fly-by night bro­kers should be avoided com­pletely as their be­hav­iour changes dras­ti­cally once a deal has been locked. Opt for a pro­fes­sional agent who you trust will keep their com­mit­ments.

It is best to deal with pro­fes­sional com­pa­nies that value your ex­pe­ri­ence. Al­ter­na­tively, at least in­de­pen­dently in­ves­ti­gate about the dealer’s cre­den­tials by con­sult­ing peo­ple nearby or ask for ref­er­ences of pre­vi­ous clients han­dled.

* Sell your pro­file to home­own­ers: Home­own­ers are usu­ally sen­si­tive to who they rent their house to, in or­der to avoid any com­pli­ca­tions later. So, every home­owner seeks a ten­ant with a reg­u­lar source of in­come and benev­o­lent cre­den­tials.

* Easy ac­ces­si­bil­ity: Prob­a­bly the first thing that some­one looks for while leas­ing a home is its ease of ac­ces­si­bil­ity. The con­nec­tiv­ity from home to work and the dif­fer­ent pub­lic trans­port modes and ac­ces­si­bil­ity to nearby mar­kets, schools, col­leges and hos­pi­tals are also very im­por­tant should be avail­able.

* Un­der­stand­ing of lease terms: Check­ing and un­der­stand­ing the lease ten­ure, the per­cent­age in­crease in rentals at the end of ten­ure, se­cu­rity de­posit and the stan­dard de­duc­tions on vacating the prop­erty, is im­por­tant.

These may vary as per prop­erty lo­ca­tion and land­lord’s per­sonal pref­er­ences.

The con­di­tion of the apart­ment and who will pay for the ma­jor re­pairs and main­te­nance is nec­es­sary.

While you can take care of the mi­nor re­pairs, the ma­jor re­pairs might move your bud­get ad­versely. It is im­por­tant ask­ing if these ma­jor over­hauls shall be paid by the land­lord or you and de­cide ac­cord­ingly. One should know the main­te­nance pol­icy and monthly main­te­nance charges as­so­ci­ated with the prop­erty.

* Mode of pay­ing rent: You might like to trans­fer the monthly rentals on­line, but your land­lord might pre­fer to re­ceive a cheque or cash at the end of every month. Clar­ify the mode of pay­ment and see that it is con­ve­nient for both par­ties.

* Al­ter­ation in ex­ist­ing decor: Some land­lords may or may not like you to al­ter the ex­ist­ing decor of the home and add a per­sonal touch. In any case, it is al­ways bet­ter to know be­fore­hand. It is im­por­tant to know the ameni­ties or the fa­cil­i­ties avail­able in case of a group hous­ing so­ci­ety and re­spec­tive charges.

SHUTTERSTOCK

Al­ways in­sist on check­ing prop­erty pic­tures care­fully to short­list the ones you want to visit phys­i­cally.

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