Before renting a property, whether, for private or professional use, some doubts arise in the tenant that must be clarified to maintain a good relationship between the parties during the term of the contract.
1- How and where is the monthly rental of the property paid?
In the rented property in Delhi contract, the landlord and the tenant must establish the place and way to pay the amount of rent, being more convenient to manage the real estate itself to avoid any inconvenience
2- When is the guarantee deposit refunded?
The guarantee deposit serves to cover the possible damages that the property or the objects inventoried in the contract may suffer during the rental period, as well as the invoices for services that arrive after the delivery of the dwelling. For these reasons, this deposit is made before receiving the property and is returned after delivering property.
3- What is the amount of the guarantee deposit?
A clause indicating the value of the deposit must be established in the rental contract, which can be up to the amount of one month’s rent multiplied by each contract year. Also, the conditions for their return must be layered in the same document.
4- Is it possible to rescind the rental agreement?
Yes, the tenant can rescind the contract after the first six months of rent. Although the system of laws does not define a minimum notice period, it is advisable to agree on one to give notice of the early termination of the same. It must be taken into account that if the rescission occurs within the first year, the tenant must pay the equivalent of a month and a half of rent, while if it is done within the second year, the compensation will be reduced to one month’s rent.
5- Who to turn to if there are inconveniences with housing?
Depending on the conditions of the contract you can resort to the real estate agents in Delhi that manages the rent for help and concerns or with the same owner if necessary or possible.
6- What happens if the rent is not paid on time?
In general, the contract determines a range of days within which the rent must be paid and where a penalty for delay is agreed.
7- Who handles the procedures with the service companies?
Procedures involving service companies, whether to contract, unsubscribe or change the ownership of them, must be done by the same tenant before and after the move.
8- Are guarantees needed to rent a property?
Generally, the owners require the future tenant a guarantee, such as a property with the corresponding papers or a guarantor, to prove solvency and good faith.
9- Can the contract be renewed?
Yes, in most cases the contracts can be renewed. However, this depends on the availability of the property and the owner’s wishes regarding its use. Also, it is advisable to define a term in the contract to notify the intention to renew the lease.
10- To who the keys delivered at the end of the deal are?
Once the contractual relationship between landlord and tenant has been completed, the tenant must immediately deliver the property and its keys to the real estate agency that manages the rent or to the same owner, as previously agreed.