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.