Few precautions you must take while selling a property. Don’t fall for false promises Many real estate agencies and brokers make false promises to buyers just to juggle money. You are more likely to meet such scammers when you try to sell house online. It is important to steer clear of such people, else you will end up wasting your time and money. You must also do a thorough background check...
2022
Documents required while buying and selling a property: Sale deed The original sale deed is needed to seal the deal. Sale deed from all the previous owners is required at the time of selling a property. In case it is submitted at the registrar’s office, then you ought to provide the copy of the deed as well as a copy of the receipt from the sub-registrar. Building plan A copy of the approved...
Selling a house can be a major undertaking, mainly because it involves one of your most prized possessions. You surely have many emotions and memories associated with the structure that has sheltered and protected you for so long. And you have invested a lot in it too, financially. So, even though you have decided to move on or upgrade to a new home, selling your old house is not a cakewalk. Apart from...
While owning a home is everyone's dream, do your calculation and analyse what would be beneficial to you in the long-term Buying a home is not an easy task and not many are able to afford their dream home within their budget, and hence, many prefer to live on rent. Renting gives you the luxury of living in your preferred home. On the other hand, investing in a home means owning an asset that provides...
There were many problems that erupted among Landlords-Tenants in the Covid-19 pandemic. There were salary cuts, jobs losses, migrations, slowdown of economic activity in the business fraternity, which led to many disputes. Covid-19 had brought the cruise industry to a complete halt last year. Pandemic clauses are not a standard feature in most lease agreements and, with any precedent lacking,...
Online rent agreement registration It is easy to create a rent agreement online. You can get a rent agreement online instantly just by filling in the required details. After the online rental agreement is created, it will be sent via mail to both the landlord and tenant. Both parties are required to sign the same. The online rental agreement procedure is not only convenient, but also...
A draft of the rent agreement document needs to be made and it should include the following information: Name and permanent residential address of both landlord and tenant, details of the property being given on rent, duration of the rental agreement, amount of monthly rent, and security deposit payable and any other terms and conditions that the tenant or owner have agreed upon. After...
Registration is the process of making a record of the agreement with an authorised government body. This process is essential because, in case of any dispute, only the rent agreement which is registered is admissible as evidence in a court of law. It is important to get a registered rent agreement with the authorised registrar. There are many benefits of registering a rent agreement with the...
The various details that are listed in a rent agreement document include information of both the parties, details about the property, the mode of rent payment, the notice period and the lock-in period duration, all the things included in the house like lights, fans, geysers, etc. Let us look at some of the common mistakes people tend to make in a house rent agreement format which can lead to many...
A house rent agreement document is a legal contract between the landlord and tenant for a fixed amount of time. It has a list of terms and conditions, which are agreed to and need to be followed by both parties. The rent agreement is renewable according to the timeframe mentioned in the contract. Most of the time, it is seen that the landlord and tenant relationship is a complex one, and conflicts arising...