Practical Guide To Renting A Property

With the arrival of the pandemic, rent is consolidated as a real alternative to buying.The job and economic precariousness and the difficulty of accessing credit caused many to opt for rent. Renting a home involves a series of very important procedures to which you have to pay close attention.

To get a good lease, many recommend that a professional in the area be the one to carefully review the contract before both parties sign. But what are those important points that you should know? Here, we have compiled a list of important things to keep in mind while renting a property.

Before you embark with your signature, consider what they will ask you to rent a house and the amount of money you will have to pay as a deposit and also what you will have to pay month by month. Also, determine the area where you want to rent, so that the search for your home becomes more productive.

Searching for home leases

Nowadays the easiest thing to research on any topic is through the internet and getting rented properties in Noida is no exception, the first thing we would have to do is carry out a good search mainly in areas where you intend to stay and more or less in ranges where you are willing to pay what they ask for the rent of a house.

Other things that you should not miss

Once you have visualized the place where you will live, then verify that the person with whom you signed the rental agreement is the true owner of the property, since in many cases it turns out that when it comes to signing the home it is not even the owner who makes the contract but turns out to be a relative.

This issue complicates the leasing process due to lack of communication between the true owner and the person who rents.

Information about the property you should know

In addition to investigating who owns it, you must also carry out other important research regarding the home, verify that it does not have any debts for the payment of water, electricity or maintenance services, etc.

This is because when you need to make a new contract for these services, they will ask you to cover previous debts and take into account that there are payments that do not correspond to you.

Why is it necessary to pay a deposit on a house rent?

The deposit is an amount that must be covered when renting a home, this means that one month’s rent must be paid in advance. What the deposit guarantees is that when you leave the property that amount will cover any damage you have caused.

One of the best things you can do is to consult a real estate agent in Gurgaon as they take care of a large part of the procedures, so the client can avoid various headaches, although it also usually requires paying a few commissions. The client must ensure, to avoid problems, that the intermediary is registered.

Advantages Of Renting A Home Over Buying

Buying a home is the most important financial decision a family makes, answering the question with confidence is a bit difficult. Six out of ten still think that renting a house is not profitable in the long term; In other words, renting is thought to be a waste of money.

Wondering if you should rent or buy? Knowing all the costs that are included in renting or buying a home will help you make the right decision for you.

The advantages of renting over buying a home are undeniable. In this post we analyze the main advantages of renting. It is an undoubted fact that the mentality of people is that of owning the home where you will live.

So is it better to buy? If the price of rents has skyrocketed, the price of owned housing has not lagged behind. The decision to rent or buy a house has a great impact on your financial freedom and the management of your personal finances.

rented property in delhi Archives - Real Estate Blog | Jain Oncor

Living in rented properties in Delhi has many positive aspects, not only financial but also in terms of your lifestyle and possibilities for growth.You are not tied by the mortgage to a specific house, you can change whenever you want.

This means that you can live wherever you want, in any area of ​​the city and even in any country in the world and that you can move your residence as many times as you want. When buying a home you are tying yourself to a locality and a type of home and changing will not be easy, in addition to costing you money in paying taxes.

To determine if buying or going for a rented property in Noida is the best option, it is necessary to assess the economic circumstances and make an analysis of what the real estate market offers at the moment, knowing the advantages or disadvantages of each option.

What offers more advantages?

The advantages of renting are:

  • No down payment or down payment is required to rent a home.
  • If you do not like to settle in a place or have a job that requires you to change cities constantly, it is preferable to rent.
  • In most cases, you are not responsible for repairs.
  • It does not require so many procedures to acquire a place to live.
  • You do not risk losing the investment in the event of a real estate crisis or that you do not have the amount to pay a mortgage.
  • You can access areas where you could not buy.

The advantages of buying are:

  • You have a property that represents your own place, a family legacy and that generates a feeling of well-being.
  • The freedom to renovate or reform according to your taste.
  • Housing prices are revalued in the long term, so the purchase of a property is an investment.
  • Having a home makes you feel secure and independent.

The economic convenience of being a landlord or tenant is tied to the life goals of each person, so it is difficult to generalize what would be more convenient.

What is evident is that the decision goes far beyond a simple financial analysis, because there is no adequate answer since it must be weighed which is more important for each individual, whether the emotional or economic benefits.

How To Move Out Of A Rented Apartment?

More and more people are choosing to rent apartments rather than buying real estate. This is due to the fact that banking conditions for the purchase of real estate are impossible for many. There are many rental options: it can be a long-term rental (more than 2 years), tourist accommodation (rent by day or week) and short-term rental (from several weeks to 12 months). Many people know what it takes to rent an apartment, but not everyone knows how to move out of a rented apartment.

Move out of a rented apartment

When you sign a rental contract, you agree to all the terms of the contract, and we strongly recommend that you familiarize yourself with the terms of the lease, which vary depending on the real estate agency. In the case of a tourist rental, the tenant has the right to stay in the apartment for the number of days specified in the contract. Upon the expiration of the contract, the tenant is required to vacate the apartment and return the keys.

The same thing happens with a short-term lease: the date of completion of the contract is indicated, and the tenant does not have the right to stay in the apartment. If the tenant wants to extend his stay, a new contract is concluded. In the case of a long-term lease, the contract is extended until the tenant wants to move out of the apartment. It is with this type of lease that problems arise when a lease is completed.

The tenant of the rented properties in Noida is obliged to notify the owner of the apartment and the agency about leaving the apartment. Each contract indicates the minimum period for which you should warn about the departure. The agency has the right not to return the deposit for the apartment if you do not fulfill this clause of the contract.

The deposit (usually 2 months of rent) is refunded in full only if the apartment is in the same condition as at the entrance. We strongly recommend that you carefully check the inventory specified in the contract. Make sure all objects listed in the inventory are in the apartment.

Also, we recommend that you take a photograph of the apartment on the day of arrival. If you want to change furniture, be sure to warn the owner of the apartment, without whose consent you do not have the right to change anything in the apartment. If you throw away the furniture that is in the apartment, you will be forced to pay the price for each item.

If you stopped in an unfurnished apartment and the owner of the apartment is not interested in the furniture you purchased, you will be forced to leave the apartment empty. On the day of completion of the contract, after you have collected all your belongings, the real estate agent must carry out an inspection of the apartment and arrange for the return of the deposit if the rented properties in Gurgaon is in the same conditions as at the entrance.

What Time Of Year Is It More Profitable To Buy An Apartment?

If a person urgently needs an apartment, but the financial question is not worth it, the following indicators influence the choice.

They relate directly to the parameters of the dwelling itself: the project, the footage, the location of the rooms, the quality of the finishes, as well as the location of the house, the infrastructure. Another thing is when a potential buyer has limited funds, wants to buy property, saving at the same time. Here pay attention to the changing market situation, looking for great deals. Seasonality also has a definite effect on cheaper housing. Why does this factor play a significant role for buyers, at what time of year it is more profitable to buy an apartment?

Each season has its own reason

Studying the changing economic situation of the real estate market in the search for proposals with an attractive price, you should focus on the specifics of the seasons. Each season has its own characteristics, if you closely monitor this factor, you can make a profitable purchase.

Winter

The season when the real estate market is relatively low: since the fall a lot of lucrative offers accumulate, and buyers do not rush to realtors. The best time of year to buy an apartment with the help of property dealers in Noida January, the time of holidays and vacations. Banks are closed – those who plan to purchase a mortgage, cannot get a loan; other potential buyers are resting abroad or are busy with personal affairs, leaving the problem of housing for later. Therefore, in the winter time, there are interesting priced offers. But there is also a minus: from the autumn there were options that were not very attractive in another respect – location, design, quality of finish.

Spring season

The activity of developers is rising; demand is reviving. Real estate prices begin to rise; it happens until about the end of May. But the spring season has a big advantage: there are a lot of offers on the market, and it is much easier to choose the right apartment than at other times of the year. True, the price will be higher than we would like.

Summer calm

Holidays, trips, vacations are characteristic features of this time. There is a silence in the real estate business. There are still plenty of market offers, but demand is falling, so prices are falling. The choice of an apartment in the summer, especially in June, is the best option: you can buy housing exactly what you dreamed of, at a suitable price.

Autumn splash

Season, which gives rise to many proposals, but the demand is great. Therefore, the market is replete with apartments of various categories, but also enough buyers. And although autumn is not the time of year at which apartments are cheaper, the purchase of a real estate in the fall has its advantages. There are many offers; therefore, to realize housing, developers offer discounts, interesting bonuses that you should pay attention to. This is especially relevant by the end of November: before the winter is low, all developers want to implement their projects to the maximum.

Thus, deciding when to buy apartments for sale in Gurgaon, you need to pay attention to the advantages and disadvantages of each season. Choose a tempting offer easier in the summer, but the cheapest – in the winter. Therefore, everything will depend on the material security of the potential buyer and the limited time frame for the purchase.

Rent A House: What To Pay Attention To

A lease implies the relationship between two parties: on one side the owner, on the other the tenant. Both must protect their interests and protect themselves from unpleasant surprises, but at the same time honor their duties.

So let’s see what things to pay attention to when renting a property.

Advice for owners

On the part of the owner there is always, understandably, the fear of putting someone in the house who then does not pay and therefore it is legitimate to choose one’s tenant carefully, considering the long times that would then be met with an eviction procedure.

On the other hand, the weight of taxes on a vacant property is rather onerous, so that it is not at all convenient to keep an empty apartment.

To this end, therefore, it is permissible to inform oneself of the working stability of the prospective tenant, asking him for a copy of his last pay slip or income tax return, and thus guarantee a certain security of payment.

Another trick is to request a bank guarantee. In this way, in the case of insolvency of the tenant, the owner will be able to turn to the bank to collect the arrears. This is the so-called “first request” guarantee. It is important that the guarantee includes this clause because otherwise, it will not be possible to collect the credit before the bank has collected it from the debtor.

Advice for tenants

But even the tenant of rented property in Noida must be careful to take care of his interests.

First of all, it must be said that the economic crisis has increased the number of Italians looking for a house for rent, given the difficulty in accessing the property.

Those looking for a home should be careful when the proposed rent is too low compared to the average in the area, so it is advisable to do a little market research about it.

During the visit to the building, it is necessary to check the functioning of the systems and also check the taps, shutters, and other mechanisms.

It is also necessary to check the correspondence between the declared square meters and the real ones, as well as the correspondence between the cadastral category and the intended use of the building.

Once you have found the property, you absolutely must not pay any rent before signing the contract.

At the time of stipulation, you must always obtain a receipt of the deposit paid (for which the law provides for a maximum of 3 months). Otherwise, you risk not receiving it back when the property is released.

This deposit, among other things, must also be returned with interest accrued over the years, which will not be a large sum but is due.

The inventory put in writing above, together with any photos taken at the time of entry, can also be used by the tenant himself, to avoid the unjust request for maintenance costs not due.

Indeed, when leaving the house, it is a good idea to write a release report, which describes the conditions of the property. Once signed by the owner, it can no longer be contested.

Finally, as soon as the tenant takes possession of the rented property in Delhi, it is necessary to transfer the utilities as soon as possible, because the new tenant cannot be in any way responsible for any debts of the previous tenant.

How to rent a house safely?

The rent has always been one of the preferred options to find a custom home. However, leases can be both the greatest guarantee of tranquility and an inexhaustible source of surprises.

You must inform yourself about the city in which you are going to live and whether it is one of the safest cities in Spain or if it is one of the most dangerous municipalities. In addition, you have to be aware of the terminology of the business and possible scams. Once you have verified all this, it is time to know what steps to follow to become a tenant with the best conditions.

Difference between tenant and landlord

The main difference between the landlord and the tenant is that the first is the owner of the property, while the second is who rents, or rent, that property.

What to look for when visiting rented property in Noida

office space in Noida

The advertisements of flats exalt the virtues of them and direct our attention to their most striking points. Absenting from this advertising pressure, it is advisable to check that the property has the relevant security measures. These would be some of the details in which you should look if you want a safe life in a rental house:

Safety lock

Regardless of the location of the property, this system is basic to reinforce the security of the home. In the doors is essential to avoid threats such as bumping. In windows it is less common, however, if you find a house with security windows, have it as a good option.

Advanced protection systems

It would be a less decisive point than the previous one since few rental houses include this feature. However, the availability of advanced detection systems (video alarms, home automation in general …) is a great plus. It goes without saying that any security system also acts as a deterrent to thieves.

Effective alarms

If the rented property in Noida has an alarm, make sure it is effective. Make sure you do not leave blind spots and that it gives you real-time information about what happens in the house.

Potential hazards

Check the floor for possible dangers. This includes seeing that all the enclosures are in perfect condition or that the terrace is not easily accessible from the street. It is also essential to ensure that there are no gas leaks or that the plugs release sparks, as this can cause fires.

In short, the keys to rent a flat with absolute peace of mind come from having a clear and complete lease contract and by not making decisions under pressure. Dedicate some time and you will make sure that your contract is transparent. Also, although visiting apartments and houses can be a stressful task, be patient. Find the option that best suits you. A safe home always begins to live comfortably and calmly.

On the other hand, think about how to invest your money in your new home. If you know how Indians spend their money on security, you will also know that they do it because a protected home gives you more than the economic value. It brings you the value of tranquility.

How Does The Subletting Work?

What should a homeowner do? What documents do you need to sublease a house or a room?

These are just some of the most frequently asked questions when we talk about subletting a property. There is still a lot of confusion about it, and it is often thought that it is an illegal practice or at least not allowed.

So we try to do some clarity, and answer these and other questions!

What do you mean by “subletting”?

We talk about subletting (or sublease) when the tenant (stipulates with a third party a lease for an apartment or room, whose rent is in his name. It is, therefore, a contract completely independent of what the tenant has stipulated with the owner of the rented property in Noida, and which nevertheless maintains its effects unaltered. It can, therefore, be said that this new contract of the sublease, is going to “overlap” to that already existing tenant between tenant and owner.

rented property in Noida

Should the sublocation have a precise duration?

The law does not establish parameters and does not give any indication about it. The sure thing is that the subletting cannot last longer than the original lease.

It must also be kept in mind that if the third party to whom the property has been subleased decides not to leave, the tenant will have to deal with it. Also executively. Otherwise, it will also have to compensate the damages for the return of the property in delay, compared to the time established by contract.

How do you practically activate a sublet?

Here are all the steps you need to take to start a sublet:

Communication to the owner: a registered letter must be sent to the tenant indicating the data of the third party (sub-conductor), the duration that will have the sublease, and the number of rooms given in sublease.

If communication is not sent to the partial sublease landlord, the latter cannot interrupt the lease contract (termination of the lease) that he has with the tenant. You can do it only if there is an explicit termination clause in the rental contract.

If instead, it is a matter of total sublease, being expressly prohibited by the Law as we have seen above, the landlord may request immediate exit from the property by the tenant, and the sub-tenant.

The income deriving from sublease is equal to the difference between the amount collected as a sub-lender during the year and the specifically related expenses, such as the rent paid to the owner of the apartment.

The different types of lease

There are different types of leases that vary depending on factors such as the duration, the amount or particular needs of the tenant.

The law establishes the principles to which the subjects must abide in the formulation of the contract and identifies specific models to choose from according to their needs.

The main types of leases are:

  • Free rent;
  • With an assisted or agreed fee ;
  • For temporary use;
  • For university students.

The free rent contract is entirely the most used for rented property in Gurgaon; has as its primary feature consideration to be paid which is freely determined by the parties.

Not all buildings may be subject to this type of contract; they are excluded: housing for housing, holiday homes, buildings of limited value and those that do not constitute housing as garages.

Home: Is it Better to Rent or Purchase ?

Everyone sooner or later wonders whether to buy or rent a house. If you also have this doubt, then you know how difficult this dilemma can be to deal with.

Choosing to buy or to stay in rent can determine your future, this is an important step, which can put you in crisis.

Moreover, we often tend to think that sooner or later the purchase of a house is mandatory. “Having a roof over your head” is a way of saying that you need the certainty that whatever occurs there will always be a place to live and to call in the real sense of the word: home.

It is not said, however, that buying can be better than staying in rent, both housing solutions can have both positive and negative connotations. Choosing whether to buy a property or to keep rented property in noida, in fact, can vary according to the needs, so buying a house should not be an obligatory choice but a weighted decision also depending on your economic and working conditions.

Why choose to stay in rent?

Before choosing whether it is better to rent or buy a house it is good that you know what are the pros and cons of the different solutions. One thing is sure everyone needs a house but is rent an enemy from which to escape? In reality, even living in dense has positive aspects.

Choosing to live in rent, you can have several advantages, mainly from a credit point of view.

Often when you choose to make a mortgage or buy a house with cash, you can limit your investment capacity.

If you have future projects that involve the investment of large numbers, turning on a mortgage or otherwise depriving you of your savings you will, therefore, preclude your investment capacity. When you turn on a mortgage, invest in the property, so the banks will struggle to give you prominent figures again to be able to pay for other types of projects. In this case, by paying the rent, you can choose to invest your money differently.

One of the positive aspects of renting is the possibility of moving home when you want, and you can choose lightly to leave to change jobs, because you got a promotion, or because you fell in love with someone who lives abroad or in another city. The events of life are changing, and everything can vary from one day to the next.

You will think: “At most, if I buy a house and I have to move, I can always sell it.” In reality, however, it may take a long time to sell a house. Moreover, if the real estate market is at a time of crisis, you risk selling the home at too low a price, then if you are paying the mortgage, you may not completely cover it the sale of the home and you risk having to pay together the mortgage and the rent of a new house.

Are you renting less?

Many in doubt, to choose whether to buy or rent, rely on a simple calculation of the monthly costs that involves a rent and those that are instead caused by a mortgage.

The costs of the rent, therefore, may be lower, while the cost of the loan may vary according to the value of the house. So choose between buying or rented properties in Gurgaon, it cannot be based only on a simple monthly economic estimate, but must also take into consideration the type of home that you want to rent or buy.

Even if the rent could cost less, if you will live in rent for about twenty years, all that money will be “lost” because you will not have invested them and will give you nothing in return.

So one of the primary defects of having a house rented and not succeeding after so many years to have its property, but if you have always traveled for work, in exchange, you will have had the opportunity to live in different houses in different places, without the worry of a permanent residence.

Cheap House Rentals: How to Find a Cheap House?

The rental of a house may concern either the rental of a principal residence or a vacation rental (seasonal rental) and therefore be more long-term or short-term.

Whatever the form of the lease, it is a relationship between a landlord and a tenant framed by law. Like renting an apartment, renting a house is governed by a lease and specific regulations.

When looking for a house to rent to live a priori indefinitely, the first question to ask is the type of rental home sought: a furnished rental or an empty rental. In the majority of cases, renting a house as a principal residence concern rather an empty dwelling, the renting of a furnished house is instead the prerogative of the seasonal hiring. The lease and the rights to it are different whether it’s an empty house rental or a furnished house rental.

The main difference between a house rental and an apartment rental lies in the often higher rent when you are renting a home. Indeed the characteristics offered by a house are different from that of an apartment. In most cases, we are looking for a rental house with garden, or at least with parking outside.

This is the main advantage of a house compared to an apartment although rented property in Noida can have beautiful terraces or balconies. In addition to the appeal of outdoor space, the area is often more significant, of course depending on the number of rooms sought. A family will be more inclined to look for a house to rent if it has several children.

But de facto, finding a cheap house to rent requires knowing where and how to find good deals. Viewing for a house to rent on the Bon Coin is becoming more common for example.

Looking for a cheap rental home requires first to identify the leading real estate rental sites and to know how to use them. Other factors come into consideration of course as the geographical area and also the economy of agency fees if you rent a particular live house.

 If you sign up for email alerts on the different rental portals, if you agree to expand your geographical area a bit and if you are dealing with individuals, you can save both in fees and in monthly rent.

All of these circumstances combined make it possible to rent a house at a fair and affordable price. This is true for holiday home rentals and classic house rentals.

But we draw your awareness to the fact that rented property in Delhi between individuals can mean less collateral if the lease is poorly drafted or incomplete.

On the owner’s side, the guarantees can also be lower if you put your house for rent without going through a real estate agency. Indeed, in case of unpaid rent or degradation of the house by an unscrupulous tenant, the guarantees offered by a real estate agency (itself insured) are valuable and provide an absolute serenity.

How to Sell Houses Quickly Online, New and Used

Although the times of the crisis were behind, there are still many customers who want to sell their house quickly. Our role as real estate agents is to put as much effort as possible in the task, because why fool ourselves! How to sell houses quickly over the internet is not only to achieve our goal, it is also to help clients to go through this process as lightly as possible.

How to sell houses fast online?

It is common to hear that those who belong to the digital sector are lucky enough to be able to do everything quickly.The instantaneousness of email communication makes us think that things are simpler when it comes to the internet.

The reality is that things are not so easy. Selling online can reduce costs considerably concerning a local furniture and classic actions such as television spots or radio spots.

But having a real estate website that generates sales is not so simple. Even a large volume of web traffic cannot guarantee many customers because hitting the ideal customer and getting conversions (objectives set in the marketing strategy) is an achievement that depends on many issues.

Does this mean that without a real estate website with a large volume of traffic it is not possible to sell homes over the internet?

Do not! Although it is always advisable to have a website as a base of operations that attracts traffic and potential customers, it is possible to sell houses in different portals that we will analyze in this article.

Where to sell houses online

The internet has facilitated the connection between buyers and sellers, which has been a good bite to the work of real estate professionals.

However, there are still many vendors who do not want to devote several months of their lives to receiving calls, fixing the house every time there is a scheduled visit and having to ask for a free day when they concentrate more than two in one afternoon.

That’s where real estate agents in Noida are still valuable and necessary and where they can take advantage of how to sell homes online.

The steps to follow are:

  • Receive the contact of the owner who wishes to entrust us with his property.
  • Perform the mandatory assessment.
  • Agree with the owner of the property to set a market price.
  • Sign the exclusivity contract if that is how the real estate agent in charge of the sale works.
  • Design the real estate marketing plan for the property.
  • Prepare the material to announce the property, such as photos, features, energy certificate, plans, etc.
  • Advertise the property in the leading real estate portals and on the real estate website.
  • Manage appointments and make visits to the property.
  • Negotiate with the interested parties until reaching a final agreement.
  • Pay attention to the buyer.

It is clear that there are many and very diverse tasks that must be done by the property dealers in Noida and that only a small part of them is benefited by the possibility of selling houses online.

Even so, being clear about where and how to sell houses through this means is one of the most important tasks of the entire process.

The real estate portals, the same real estate website of the company, social networks for real estate and email real estate marketing are some of the tools that real estate agents can use in this task.