There are a few important things to keep in mind if you want to avoid common problems like misuse of the premises by the tenant, non-payment of maintenance fees on time, delay in payment of rent, etc.
Fixing the correct rent amount is the first and foremost step to keep in mind when you are renting out your property. Before fixing the amount, do thorough market research about the current trend.
A legal document or a rent agreement binds the landlord and the tenant together. Both the parties have to follow the mutually agreed terms and conditions.
It is necessary to register the lease agreement once it is ready. Only the registered lease agreements can be used as a piece of evidence in the court if there is litigation.
This is an extremely crucial point to keep in mind when it comes to the background check of the tenant. Under Section 188 of the India Penal Code, not doing police verification is a punishable offense.
we present the checklist of things that will help you in avoiding the trouble later.