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Showing posts with the label Agreements

Property Rental Scams to be Wary of in India

Property rental sector is impacted in a huge way due to illegal practices followed by some scammers. The increase in these scams is a matter of concern for tenants and landlords across the country. People looking for lease and rental properties are often fooled by scammers and the following article is to raise awareness among the common populace. Some of the usual scamming practices are: Absence of legal rental agreements: It is straight away a red flag if property owners or agents agree to rent the property without drawing up a legal deed. A rental agreement has the important details like the time period of stay, rental amount and other clauses regarding the handling of facilities in the place. Without an agreement, there are chances of problems to arise between the tenants and the landlord in the future. Tenants can also easily practice illegal activities without a fret in case of the absence of proper rental agreements. Demand of money before seeing the rental/leasing...