Buy or Rent- A Tough Decision for You

“Do you have an apartment?” “A car?”- The answer to these questions seemed suddenly changes attitude to man. It is believed that if you bought something expensive, then you have achieved a particular status in society. Somewhere it is so because all of these purchases need to earn money. But what if the acquisition is, in principle, is not a necessity?

When the married couple buys or takes out a mortgage for an apartment, in a society it is encouraging, or at least understanding. A young family wants to equip itself a nest, wants stability, so that the children had a place to live and they also have something to pass on. Anyway, real estate – it’s one of the few more or less reliable way to invest. In the end, why not buy an land for sale in Gurgaon when you have the money and means?

Prices to benefits ratio

Apartments are now painfully overpriced. It is understood even by people who do not have in-depth knowledge of the real estate and construction domain. If we calculate the cost of an apartment and compare it with the rented properties in Delhi, it would appear that the cost of buying and renting are roughly comparable.

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Points to Ponder When Renting a Property to a Tenant

The rental agreement governs the rights and obligations of tenants and landlords. The contract is provided by the landlord and may also contain unpleasant traps for the tenant. Therefore, tenants should pay attention to some details before signing. What tenants are allowed to do and what rights and obligations they have are contained in the rental contract. However, some of the contracts are not particularly advantageous for tenants. For this reason, you should read the contract carefully before you sign it and check for possible pitfalls.

1. The details of the tenant

In principle, all persons who move into the apartment should also be in the rental agreement. For only who is in the contract and has signed it is also a tenant, with all rights and obligations. Caution: Anyone who lets other persons into the rented apartment without permission from the landlord risks a warning or, in the worst case, a termination. Thus, find rented property in Gurgaon in association with a reputed agent to provide you with complete paperwork.

2. Are the rented properties in Gurgaon properly described?

The information on the size of the apartment should also be checked by the tenant for plausibility. There must be a fault free description of the entire property for rent, whether it is an apartment or a furnished office space. Any form of discrepancy in information should not be taken for granted.

3. Is the rent equivalent to the usual rental rate?

In many larger cities, there are rent levels that provide information about the local comparison rents. They can be ordered directly from the municipality or tenant protection associations. However, in the case of a new letting, the rental rate can also be above the local rent- in municipalities without a rental brake, it can be significantly higher in municipalities with a brake by up to 10 percent.

4. Is it a time lease?

The time limit in a temporary leasing contract for rented property in Delhi is only effective if a time limit is stated – this can be, for example, the subcontractor’s future needs. An effective time leasing contract is usually rather disadvantageous for the tenant. It cannot terminate prematurely and must also take off after the end of the term.

If, however, a time limit is missing in the rental agreement or if it is subsequently withdrawn, the rental contract automatically becomes an indefinite lease. In this case, the tenant does not have to move out after the expiry of the period and can also be terminated at any time with a three-month deadline.

5. List what the tenant is allowed and what is not

This should include, among other things, the work he is allowed to do in the garden, whether he is allowed to sublet the garage, for example, or how to order activities that describe living together with the neighborhood. It is also important to provide a deposit. In the rental contract, it should also be noted whether the deposit can be withheld if damage has occurred to the house.

The Frauds from Real Estate Rental Market

Any operation in Real estate always carries certain risks. Rental apartments and property is no exception. Market experts say that with the activation of the market over the past year increased the number of scams, so you should know about the basic schemes for which they work. The market has a lot of plans, which the scammers work and earn money from the innocent tenants. Let us have a look at some of the common frauds you encounter in the market these days:

Scheme No. 1. Sublease:

In this case, the attacker rents the apartment and gives the announcement of the long-term lease of the apartment at a very attractive price. Featuring potential housing tenants, he makes forged documents. Then there are two versions of events. The first- a house rented to one tenant, and after a day or more evicting the real owner, who was thought to take rented property in Gurgaon for long term.

Another scenario envisages when the room or property is rented to multiple customers. They all would have paid to the owner or the agent, and he is not reachable now.

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Take It Easy to Find the Best-Rented Property in Delhi/NCR

The graph of property rates is touching sky heights day by day. So, it becomes quite difficult for a common salary person to buy a furnished home under monthly income. If you are earning much that is good, but if not, what will you do? In this situation, you can have the only option to hire any property for rent to live or for business purpose. There are many people living in rental houses in Delhi/NCR. They are happy with the world-class constructions of renowned real estate giants, as they have developed many top-class flats, apartments, luxury villas, etc., where people can live in a royal style. So, you can buy property of any recommended property giants in the market.

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Pros and Cons of Rented Property in Gurgaon

India has boarded a train of developing train and is progressing at quite a high pace. The economy of the country has boomed from past few years and India has truly emerged as a world power. The population in the nation is also a reason to ponder, as it is increasing at a rapid velocity. This has created accommodation problems in the entire country. It is not possible for everyone to purchase a property for themselves as the income level of all the individuals is not parallel. The real estate agents in India have realized this problem and they have started offering rented property in Gurgaon and other metro cities.

Advantages

Fully Furnished IT Office Space in GurgaonWhen looking for any property, you must be sure that it is worth your money and will give you benefits on investing. Some advantages of renting a property are –

No Maintenance – When you go for rented property, you do not need to worry about the maintenance. Suppose, if you have hired a fully furnished office space in Delhi or some other city, its maintenance is the headache of the owner to the rent payee.

Tax Savvy – hired spaces minimize the huge burden of income tax from your head. Reputed companies provide their employees House Rent Allowance (HRA) which is exempted from income tax.

Freedom of Movement – You are free to move to your favorite location when you don’t have a permanent address. If you are looking for an apartment for rent in Gurgaon, you an contact any real estate agents and he will brose you to all the locations available.

Disadvantages

No equity – when you are living in an apartment for rent in Gurgaon or other places, you actually don’t have any equity. You pay rent for the entire period

Loss of Value – The biggest disadvantage of having a hired place is that the money which you are paying as a rent is a loss of value which you would have used in buying a house.

Control of the Owner – When you live in a rented resident, you have to live according to the terms and conditions of the landlord. For example, if you are looking for an apartment for rent in Delhi or some other city, you have to follow the guidelines of the proprietor and you don’t have any right to modify the place. The space which you are using is to be used the way it was given to you.