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What to do Before Renting Any Property in Gurgaon?

Posted on August 21, 2017March 20, 2024 by Jain Estates Oncor International

Renting a house involves less paperwork than buying it, but the future tenant has yet to carry out a series of procedures to close the operation safely and avoid surprises, both before and after the signing of the contract for the rented property in Gurgaon. Here, we tell you what these points are, among which we must check who owns the apartment that you want to rent or make sure the landlord deposits the deposit, as required by law.

Both before and after signing a rented property in Delhi contract, the new tenant must make sure to take a series of steps to ensure that everything is in order with your rent. This will avoid unpleasant surprises and discrepancies with the landlord in the future. They are the following:

A) before signing the contract

1. Check that whoever rents the home is effectively the owner:

It is usual, but it is advisable to make sure to avoid any discomfort afterward while hiring rented properties in Gurgaon. Checking this information is easy and inexpensive through a simple note requested in the ownership registration, and prevents the tenant from realizing afterward that the floor he has rented (and for which he has paid the signal) Does not belong to who claims to be its owner.

2. Demonstrate your solvency to the landlord

Whoever rents the apartment fears that the tenant, whom most of the time does not know, stops paying the rent or damages the apartment. Therefore, it is becoming more frequent that the potential tenant documentation is asked to evaluate their ability to pay. To this end, the applicant will have to deliver to the owner or the agency that transacts the transaction a copy of the payroll, the income statement or even the bank movements that demonstrate its solvency.

3. ‘Seduce’ the bank

The owner, in view of the information shown by the interested party, will ‘decide’ whether the potential tenant’s ability to pay or if an additional guarantee is required. In case this extra backup is needed, the tenant can provide it through the delivery of a deposit or the creation of an endorsement, either by a relative or through the bank. If a bank guarantee is requested, the documentation must be submitted to the financial institution, which will ask for the documentation to the future tenant for the constitution of this guarantee.

4. Study well what the contract collects

Before signing the contract is the time to negotiate the conditions that will apply throughout the time you live in that house. That is why you should try to make them the most beneficial to you in different aspects; such as the price, which includes the monthly rent or the duration of the contract, as well as who should take care of the landlord or tenant of the different expenses (Community, taxes, insurance, etc.) or the payment of the arrangements when different breakdowns occur in the dwelling.

B) after the signing of the contract

If the tenant meets the requirements to pay rent, you must know that to take advantage of this tax benefit some autonomous communities require the landlord to deposit the bond where required by law. In case you have not done so it would be the tenant who would pay the consequences since you could not take advantage of this tax deduction.

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