Renting your flat or apartment in Kerala is a difficult task after considering the burden it can cause if the agreement ends up in wrong hands. It can became a big migraine to the flat or apartment owner. Due to the real estate boom in Kerala people with more than one flat or apartment is rent out their
additional properties. But before renting out properties to the customers one should give importance to the following steps in order to avoid fraud in this field.
1 Setting amount of the rent.
Fixing the rent amount is a very hard task. Before fixing the amount one had to look the rent amount of other flats and apartments in the locality with almost same facilities. The basic things that decide the rent are the capital value,luxuries offered,locality and demand.
2 Advertisement and promotions.
E publicity like posting about the vacancy in online portals can make a huge difference than the oral promotion and putting the to let board on the property. Online advertisements and promotions can reach up to thousands of customers which will ultimately lead to a positive result.
3 Cross checking the background details of the tenant.
Police verification is done in some parts of Kerala before entering into an agreement with the tenant.The tenants also have to submit identification card along with the recent photograph before the agreement.
4 Making a rent/lease agreement.
The lease/rent agreement is an authorized document that attach the tenants and the property owner to come into common conclusions.This is the most significant during the process of the discussion between the two.The document explains about the measurements and precise details of the property including installations,fittings, furniture and the rent amount.Extra terms and conditions can also be included in the agreement regarding rent installment details and penalty statements for delaying the installment and misuse to the property.
5 Agreement registration.
During the process of making up the rent agreement ,the most difficult task is getting the agreement registered.The agreement duration will be over 11 months.By following the above procedures you can make sure that you have faithful tenants who will not delay the rent and look after your home well.
additional properties. But before renting out properties to the customers one should give importance to the following steps in order to avoid fraud in this field.
1 Setting amount of the rent.
Fixing the rent amount is a very hard task. Before fixing the amount one had to look the rent amount of other flats and apartments in the locality with almost same facilities. The basic things that decide the rent are the capital value,luxuries offered,locality and demand.
2 Advertisement and promotions.
E publicity like posting about the vacancy in online portals can make a huge difference than the oral promotion and putting the to let board on the property. Online advertisements and promotions can reach up to thousands of customers which will ultimately lead to a positive result.
3 Cross checking the background details of the tenant.
Police verification is done in some parts of Kerala before entering into an agreement with the tenant.The tenants also have to submit identification card along with the recent photograph before the agreement.
4 Making a rent/lease agreement.
The lease/rent agreement is an authorized document that attach the tenants and the property owner to come into common conclusions.This is the most significant during the process of the discussion between the two.The document explains about the measurements and precise details of the property including installations,fittings, furniture and the rent amount.Extra terms and conditions can also be included in the agreement regarding rent installment details and penalty statements for delaying the installment and misuse to the property.
5 Agreement registration.
During the process of making up the rent agreement ,the most difficult task is getting the agreement registered.The agreement duration will be over 11 months.By following the above procedures you can make sure that you have faithful tenants who will not delay the rent and look after your home well.
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