{"id":1424,"date":"2019-02-24T09:43:29","date_gmt":"2019-02-24T09:43:29","guid":{"rendered":"http:\/\/www.gccremit.com\/blog\/?p=1424"},"modified":"2019-02-24T09:44:10","modified_gmt":"2019-02-24T09:44:10","slug":"things-to-cross-verify-when-you-are-renting-a-flat","status":"publish","type":"post","link":"https:\/\/www.gccremit.com\/blog\/things-to-cross-verify-when-you-are-renting-a-flat\/","title":{"rendered":"Things to Cross Verify When You are Renting a Flat"},"content":{"rendered":"\n<p>It\nis advisable to cross-check some key factors before renting a flat. The\npaperwork in a rental scenario like the legal check on the ownership before you\nrent the apartment is equally essential apart for checking out the exterior and\ninterior of the flat.<\/p>\n\n\n\n<p>Some\nimportant points to cross-check before you rent a flat:<\/p>\n\n\n\n<ol><li><strong>Rent\nClause<\/strong><\/li><\/ol>\n\n\n\n<p>Check\nthe rent and the increment clause. There is usually a 10% rental rise after a\nyear and this should be mentioned. The lease is typically renewed after 11\nmonths, not a year, as it has to be registered if it is more than 11 months.\nThe security deposit and how this amount will be adjusted when you vacate and a\ntermination clause, specifying the tenure of stay and notice period if any. It\nis better if the payment mode is clarified.<\/p>\n\n\n\n<ul><li><strong>Fees\n&amp; Charges for Facilities<\/strong><\/li><\/ul>\n\n\n\n<p>Check\nfor any penalty for delayed payment of rent mentioned. The expected day of rent\npayment and the charges you will incur if not paid by the due date. The payment\ncharges for various facilities in the society, like gym, parking, club and\nswimming pool, regardless you avail them or not is expected to be paid.<\/p>\n\n\n\n<p>Keep\nin mind all the charges that you need to pay are properly listed or not. Also\nverify the previous maintenance charges, utility bills and property tax have\nbeen paid by the former tenants or owner. <\/p>\n\n\n\n<ul><li><strong>Other\nTerms &amp; Conditions<\/strong><\/li><\/ul>\n\n\n\n<p>Verify\nthat there could be some owner-imposed specific rules in addition to the social\nrules <\/p>\n\n\n\n<p>like\nhe may insist on not allowing pets or keeping late hours, prohibiting loud\nmusic or late-night parties, etc. If there are any such rules, then it must be\nclearly mentioned.<\/p>\n\n\n\n<p>An\nimportant fact to cross-check is whether the flat is being rented legally with\nthe owner\u2019s knowledge and make sure that you get a no-objection certificate\n(NOC) from the housing society.<\/p>\n\n\n\n<ul><li><strong>Check\nthe Property<\/strong><\/li><\/ul>\n\n\n\n<p>You\nmust visit the flat that you are going to rent before moving in. Since most\npeople do not pay much attention to the basic construction, including walls and\nflooring, paintwork, electrical appliances, switchboards and wiring, water\nconnection and plumbing fixtures in kitchen and washrooms are in good\ncondition.<\/p>\n\n\n\n<p>If\nyou find something in improper condition, immediately bring it to the owner\u2019s\nnotice and have it repaired so that you will not be held liable for the damage\nafter you have moved in.<\/p>\n\n\n\n<ul><li><strong>Repair\n&amp; Damage<\/strong><\/li><\/ul>\n\n\n\n<p>Make\nsure the rent agreement clearly mentions who will pay for the regular\nmaintenance or paintwork that is required after you have moved in. These can\ninclude replacement of old electrical wiring or plumbing and other wearing and\ntear in the flat. Also, check if the owner will pay for repair work if cause in\nthe event of natural destruction or any accidental damage. Ensure that the\nagreement lists clearly who will pay for which kind of repair and maintenance\nand whether you will be reimbursed, or the owner will pay directly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is advisable to cross-check some key factors before renting a flat. The paperwork in a rental scenario like the legal check on the ownership before you rent the apartment is equally essential apart for checking out the exterior and interior of the flat. Some important points to cross-check before you rent a flat: Rent Clause Check the rent and the increment clause. There is usually a 10% rental rise after a year and this should be mentioned. The lease is typically renewed after 11 months, not a year, as it has to be registered if it is more than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1425,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,16],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Things to Cross Verify When You are Renting a Flat<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gccremit.com\/blog\/things-to-cross-verify-when-you-are-renting-a-flat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Things to Cross Verify When You are Renting a Flat\" \/>\n<meta property=\"og:description\" content=\"It is advisable to cross-check some key factors before renting a flat. The paperwork in a rental scenario like the legal check on the ownership before you rent the apartment is equally essential apart for checking out the exterior and interior of the flat. Some important points to cross-check before you rent a flat: Rent Clause Check the rent and the increment clause. There is usually a 10% rental rise after a year and this should be mentioned. 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