While renting a home, a tenant must pay additional security money to cover any unanticipated or unavoidable expenditures that the landlord may have to incur at the tenant’s request. This sum, known as a security deposit, varies by city; for example, in Delhi, it is normally 1-2 months’ rent, although in some major cities, it […]
Category Archives: Rental
Not Signing a Rent Agreement?: The Potential Pitfalls and Disadvantages!
A rent agreement is a legal contract that specifies all of the mutually agreed-upon terms and conditions between the landlord and the renter. They must pay a registration fee and appear in person at the sub-office registrar’s to complete papers and register the agreement. To save money and save paperwork, two parties may opt to […]
Why Landlord Insurance is a Must-Have for Renters in India?
If you’re a renter in India, you may be wondering if landlord insurance is something you need to consider. Landlord insurance can provide peace of mind to both landlords and tenants by protecting the property and the occupants. In this guide, we’ll discuss what landlord insurance is, what it covers, and why it’s important for […]
10 reasons why renting a home in India might not be a wise choice?
India’s real estate market has expanded significantly over the years, with several new projects and developments popping up in different locations. Although renting a home could seem like a practical choice for many, there are some reasons why it might not be a wise choice in the long run. This essay will go over 10 […]
How do you calculate the rental value of your property?
Do you intend to rent out your home to supplement your income? Renting not only necessitates the required repairs and upgrades to make the home appealing to tenants, but it also assists you in determining an appropriate rental value based on market sentiment. Knowing how to estimate the property’s rental value can help you as […]
What are the disadvantages of not signing a lease?
A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may […]
In what ways will Rent Courts resolve landlord-tenant disagreements?
On June 2, 2021, the Ministry of Housing and Urban Affairs adopted the Model Tenancy Act (MTA) to govern the lease of buildings in a transparent and efficient manner employing quasi-judicial entities. The goal was to reconcile the interests of renters and owners by resolving disputes in a timely manner by establishing an adjudicating system, […]
Why are rental agreements only made for 11 months?
About the Delhi Rent Control Act!
The Delhi Rent Control Act was passed by the Indian government in 1958 to safeguard migrants residing in leased Delhi. After the partition, it was meant to aid in population relocation and promote the social acceptability of families in India. Agency. The Delhi Rent Control Act protects tenants’ rights against early eviction. Additionally, it offered […]
