Everything-Real Estate

In India, rental values of properties are going one way and that is up. This is felt as a major burden for middle-class families who stay as tenants. Along with other obligations at home, tenants see the rental increase as a potential threat to their financial abilities. Usually, owners in various cities across the country, increase the rent of a property by up to 10% each year. But this margin can be negotiated if the tenant is well aware and smart in dealing with people.   Legally, the landlord has the right to revise the rent with proper notice delivered to the tenant according to the Transfer of the Property Act 1882, section 106. Still, as a tenant, you can induce a negotiation process without disrupting the relationship with the owner. Here are some tips on how to negotiate with a homeowner for raise in monthly rentals: Be aware: As a tenant, you should know about the average rental values in the locality. Talk to people in the neighbourhood, or just browse onli...

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...