5 Things You Should Know Before Renting Your House

Renting houses has been very common these days. If you have a house which is vacant and you want to make some money from it, renting it out is the only option you have. As it looks very easy but it's not that easy to rent a room in your house. You will have to work hard to get the right tenant. 

You will have to be cautious while choosing a tenant otherwise you can be fooled easily. It requires you to be smart and clever to do this task effectively. Renting a room can get you some easy bucks but there are certain things that should be kept in mind before signing a rental agreement.

Choosing The Right Tenant

Deep background research about the tenant is the most important factor before renting the house. You can conduct the police verification of the tenant in order to have complete knowledge about him. Gather information about the professional background as well as family background. This will help you to prepare an apt Rental agreement in Bangalore.

Decide The Rent Price

Fixing the rent price is a very important part that should be given much Importance. You should research properly in your area and city before fixing a reasonable rent price. This rent should be mentioned in the Online Rental Agreement. If you are confused about finalizing the rent then contact the property dealer of your area and neighborhood they will help you.

Visit The House At Regular Intervals

It is very important to have interaction with the tenants while they are residing in your house. You should be aware of the condition of the house and also have some feedback about the renter from your neighbors. This will help you to take action if anything is wrong with them.

Discussion With Tenants

Discuss everything related to your house with the renter before giving a nod to them. They should be aware of everything like water supply, electricity, maintenance, and other such necessities. You should also have information about them and the family members going to live in your house.

Register The Rental Agreement

Under section 17 of the Indian registration act, it has been stated that all the rental agreement up to 11 months should be registered. However, the rental agreement should be registered with proper stamp and registration charges.

The rental agreement should cover all necessary information such as rent, maintenance charges, renovation rules, security deposit, and other such important information. It should also have the name of both parties. Online rent agreements are best in this matter as it eases the work of both the parties.

Conclusion

Your house is an important asset for you. So you should maintain it and evaluate its worth from time to time. At the same time before renting your house look for all the information related to a Rental Agreement in Delhi, Bangalore then only decide to rent your property.

Uraan Rental Agreement And Notary Associate - RentalAgreement.in

 

For More Information call us or write to us at:- 

E-Mail (24 X 7): support@rentalagreement.in

Call (8AM to 11AM, 6PM to 9PM): +91 81235 91446

FACEBOOK |  TWITTER | LINKEDIN |

Office Sharing Agreement In Corporate World

Many times finding and renting an office space can be big and costly affairs in cities, especially in metro cities. Office sharing arrangement can be a savior between a group of like-minded people who can come together to share an office space with a primary goal to save costs and make the best utilization of resources (space, workstations, etc.)

This arrangement allows to further sublet a spare space and other resources to others, which brings down the rental and other miscellaneous costs. So the agreement for such arrangements require to have the key clauses with rules for usage of utilities and all resources being sublet

Key points

Purpose of an office sharing agreement

1. To use shared office space and other resources among like-minded business or entrepreneur
2. To cut down rent, other maintenance cost and operating cost of small business enterprises and startups

What does an office sharing agreement cover?

1. Details of all members involved in the agreement
2. Contract terms including executable, term period, expiry and notice period
3. Explicit important clauses that cover sharing of all resources and utility bills
4. Clause for amicable resolution in case of dispute/disagreement
5. Rent sharing and mutual consensus for common space

Before executing the agreement

There may be a clause in the master lease agreement that might prevent you to further sublet so please check and always keep your landowner in the loop before executing the agreement.

Rental Agreement Online | How To Make Rent Agreement | Rental Agreement Format | Rent Agreement Sample | House Rent Agreement | Rental Agreement in Bangalore | Rental Agreement In Mangalore

5 Main Key Differences between commercial and residential lease Agreement

Commercial Lease Agreement 

A commercial lease is signed between a business entity and the owner of the property which the entity is interested in for a lease. The terms and conditions are laid down in such a way where the owner agrees to let the entity occupy the property to carry out activities as per the business along with the permissible modification in the property.

 Residential Lease Agreement

The term “residential lease agreement” refers to the legally binding contract created between a landholder and his tenant and contains all the terms for dealings a house or flat as a residence. This document is additionally referred to as Associate in the Nursing flat rental agreement or a landlord-tenant lease. commonly it's signed at the beginning of a rental term and remains in impact till the tip date indicated within the agreement.

Now Let’s see the Main Difference between Commercial Lease Agreement Residential Lease Agreement. 

As the name suggests commercial lease is for business purpose and the residential lease is for living use

1. A commercial lease is a contract between a business tenant and owner while the residential lease is between the individual(s) tenant and landlord.
2. In a commercial lease, the property is used for business and profit-making purpose whereas the property is primarily used for residential purpose and no commercial activities are allowed in a residential lease.
3. In a commercial lease, the rent consideration is typically based upon the amount of square foot/meter occupied by the tenant whereas in a residential lease the rent consideration is based upon a set amount per month varying from a month-to-month lease to a term of years.
4. In a residential lease, tenants have a lot more protection than commercial lease tenant.
5. In a residential lease, there are certain obligations that the landlord need to provide like water, electricity and certain maintenance whereas there are no such obligations for the commercial owners unless explicitly defined in the contract.

Though each state has its own rules and regulations on commercial and residential leases, all states make general distinctions between the two types of leases between landlord and tenant. 

As per the premise type, uses, and contracts one can choose an appropriate type
of Commercial and Residential Lease Agreement. If you need one Rentalagreement.in helps you to choose the right one, draft it and send it to your doorstep!

Uraan Rental Agreement And Notary Associate 

For More Information call us or write to us at:- 

 E-Mail (24 X 7): support@rentalagreement.in

Call (8AM to 11AM, 6PM to 9PM): +91 81235 91446

FACEBOOK |  TWITTER | LINKEDIN |

Rental Agreement Online |Rent Agreement in Karnataka |Lease Agreement Online |Rental Agreement in Bangalore |Rental Agreement In Mangalore |How To Make Rent Agreement |Rental Agreement At Doorstep |Rental Agreement Format | Rental Agreement Payslip | Rent Agreement Sample | Online Rent Agreement | Registered Rent Agreement |House Rent Agreement Format | Rent Agreement Registration |House Rent Agreement | Rent Agreement Format For Shop |

4 Essential Things You Must Know Before Signing House Rent Agreement

Working or studying in an entirely new place is hugely hectic. To add to it is finding a good place to rent for the duration of your stay could be another mammoth task. 

Even after securing the perfect place on rent you are not out of the woods. There are certain essential checks which you must puzzle out as tenant before signing any  House Rent-Agreement.

Let us have a look at 4 Essential Things You Must Know Before Signing House Rent-Agreement.

1. Study/ Scan Inspect the Rent-Agreement thoroughly:- I know it sounds silly, but this is the most important and ironically the most overlooked aspect of a Rent-Agreement. You must thoroughly read the Agreement. Get to know every detail of it from the Rental Agreement Format to the nooks and crannies. Remember you are the customer, so you must be careful. In case of difficulty with language or any other Rental Agreement, Format hitch contact a lawyer ASAP. Or use professional service like URAAN Associates.
   
2. Damage Control and Its Charges:- Often the charges incurred for the repair and damage control on a property is immense. And it is essential to do these repairs in order to make the place Habitable. So always look into the hidden Charges and Costs in the Rental Agreement Payslip and specify all the Plumbing or construction work done.  No verbal agreement. I promise it will save you a mint.
3. Check The Landlord:- He will most definitely check you. So you may as well check him up. Check the background and history of the Landlord. Yes, make sure the person you are signing the agreement and issuing the Rental Agreement Payslip is, in fact, the Landlord and not some scheming caretaker.There have been instances of such swindles. Be wary.
4. Charges When You Leave:- Now when you live in a House you are bound to damage it. It happens so always keep a clause on the Rent-Agreement or the Rental Agreement Payslip for these damages.
   

Final Word OF Wisdom

For the best and most reliable outcome, you can also visit us at Rentalagreement.in Website. We are a company providing the best and most transparent Consultation regarding all your Rent-Agreement Queries.

Remember, not everyone is the best out there. It is good to have a professional behind you for support.

Uraan Rental Agreement And Notary Associate 

For More Information call us or write to us at:- 

 E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM): +91 81235 91446

FACEBOOK |  TWITTER | LINKEDIN |

Rental Agreement Online |Rent Agreement in Karnataka |Lease Agreement Online |Rental Agreement in Bangalore |Rental Agreement In Mangalore |How To Make Rent Agreement |Rental Agreement At Doorstep |Rental Agreement Format | Rental Agreement Payslip | Rent Agreement Sample | Online Rent Agreement | Registered Rent Agreement |House Rent Agreement Format | Rent Agreement Registration |House Rent Agreement | Rent Agreement Format For Shop |

Benefits of a Rental Agreement

In this fast-moving world, people keep on relocating for their study and livelihood. They hardly get time to even think about mutual trust in a plain conversation and so are true for the landlords who want to be secured while renting their premise with strangers.

Having a House Rent Agreement ensures there is no conflict of interest between landlord and tenant over –

1. Deposit and Rent.

2. Water & Electricity’s charges.

3. Owner’s responsibilities.

4. Tenant’s Responsibilities.

5. Maintenance – Damages & Repairs.

6. Termination & extension of the agreement.

Other benefits for tenant include –

         1. Proof of residence.

         2. Address of correspondence.

         3. Proof of paying rent to get a tax rebate under Income tax.

In a nutshell, if you are a landlord or a tenant, get one House Rent Agreement signed by both parties to legalize mutually agreed terms and conditions and leave no place for legal inefficiency in case of a dispute.

https://www.rentalagreement.in offers you a broker/tout free platform to get your Rental Agreement in a few clicks at your convenience saving your precious hours

It's simple – fill it, submit and get it!

For More Information:

Uraan Rental Agreement And Notary Associate

U.R.A.A.N. Associates

URL: www.rentalagreement.in

E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM):+91 81235 91446


House Rent Agreement  Rent Agreement in Karnataka. Lease Agreement Online.  
Online Rent Agreement Delhi.Rental Agreement in Bangalore.  Rental Agreement In Mangalore . How To Make Rent Agreement.  Rental Agreement At Doorstep.  Rental Agreement Format.  Rental Agreement Payslip.   Rent Agreement Sample.  Online Rent Agreement.  Registered Rent Agreement.  House Rent Agreement Format.  Rent Agreement Registration.    Rent Agreement Format For Shop. 

  

Why do you Need a Rent Agreement Payslip | Considerations for Tenants?

If you want to rent a property, then you must go through several procedures. It is evident that when you think of renting a flat, you are liable to first go through a rent agreement sample. Once you see the sample, you can have an idea of how does an agreement looks like and what are the requirements you need to fulfill. If you seeking to apply for your rental property, an efficient rental ledger or rent agreement payslip is essential to make sure your payments are justified.

In the recent scenario, many property owners use software for rental ledgers. These software helps to keep the record in an organized manner. If you happen to be a tenant, you can keep a copy for yourself.

How can you read the rental payslip?

Your rental ledger comprises of your name, address information, amount of your payment, and important dates. Each and every line has all the information provided by the owner. At times, the owner categorizes the type of payments or adds comments on late payment, or about any other issues. The owner must offer you the receipt and that paper acts as a protection for both the parties. In such a case, you can compare your statements and records with that receipt. At times, the ledger prepared by the owner can also act as claim disapproval if you have been charged double for anything.

What is the necessity to maintain a rent agreement payslip?

As a tenant, it is essential to keep a copy of the payslip as it has all the important details regarding your payments. Also, you will have the opportunity to compare your records with that of the owner's slip. If you see any discrepancy, you can go ahead and solve it with proof.

The payslip will be highly beneficial when your tenancy period is over. When you seeking for new properties, you can show the payslip to the prospective property owner to prove that as a tenant you have been regular and paid rents on time.

Showing your payslip with your statement of application

Along with your rental application, it is imperative that you possess all the demanded and necessary approving documentation. If you want to portray yourself as a well-prepared applicant, you must have the photocopy of your photo identities like the passport, driver's permit, and all of them should be up-to-date along with your rental payslip.

Essential requirements for tenants

Prerequisites associating to your period of stay (tenancy period), the incidence and duration of rent amounts, the renewal period of your lease and the requirements for restoration and sustenance, must be distinctly stated in the contract.

In addition to the above-mentioned prerequisites, the functions and liabilities of the occupant and the landowner must have clear definitions.nIt is desirable to consider the premises on rent, after all the improvements and maintenance. Tenants must further investigate the electrification and pipe, before entering the apartment. This way, the resident can easily safeguard himself from additional fees that may appear in future.

It is further imperative to monitor pending payments, like power and extension prices of the society. For instance, Tinu Sharma, an official operating in Gurgaon and surviving on rent, lately got a warning from the society’s citizens’ well-being association over pending rent and maintenance for the last 2 years facing community development costs.

Uraan Rental Agreement And Notary Associate
U.R.A.A.N. Associates
URL:www.rentalagreement.in
E (24 X 7): support@rentalagreement.in
P (8AM to 11AM, 6PM to 9PM):+91 81235 91446

Rental Agreement Format | Rental Agreement Payslip | Rent Agreement Sample | Online Rent Agreement | Registered Rent Agreement