How Do You Rent Property on Prooperty
In this essay, we will explore the whole journey of a typical r
enter from determining his or her needs to signing the agreement.
Start by Defining What You Need in a Rental Property
Before even viewing one property listing, be clear about what is important to you – budget, location, size of property, furnishings required, and duration of stay. The renter who knows that he/she needs a completely furnished 2BHK property close to a particular office for a year is looking for properties from a completely different perspective than the one who does not mind any kind of furnishing and location. Not taking this into account will result in going back and forth later on in the process.
Search for Rental Options Online
The rental search may be carried out by using online platforms such as Prooperty among other means of searching such as connections to brokers and classifieds. It is important for the renter to conduct a search with certain parameters such as location, maximum budget, furnishing, and structure, rather than conducting a generic search that yields all sorts of results.
Review the Information Available for Each Property
After you’ve found some possibilities, continue reading after the headline picture. See what the listing says about the rent, security deposit, furniture, amenities, and when the unit becomes available. Listings can vary widely in the amount of information they provide – some provide all the information, while others don’t fill in all the blanks, leaving you to find out later through questioning.
Compare Properties Before Shortlisting
Instead of evaluating each option individually, place a couple of them side-by-side based on the same parameters: rent, deposit, location, furnishings, and all other considerations which are relevant to you. An apartment that seems impressive alone may suddenly seem not so attractive anymore when compared with another one nearby, which offers much more at a rent of equal value. Comparison side-by-side will make such differences clear right from the start.
Ask the Right Questions Before Proceeding
A short, direct set of questions upfront saves everyone time later:
What precisely is included in the rent that is quoted?
Is the deposit flexible, and how is it normally returned?
What is the shortest length of time that a lease can be?
Who takes care of maintenance, and for what kinds of problems?
Is the furniture exactly as advertised, or have there been any changes?
Are the utility bills included, or are they separate?
Getting clear answers here, before a visit, filters out mismatched options fast.
Verify Important Property and Rental Details
If the property seems truly good, make sure some simple things are in order: first, that the person you are talking to is the one who can really represent the property (property owner, relative, or some kind of authorized agent); that the address and apartment are correct; and that the rent and conditions that were agreed upon really do match the advertisement. The requirements for verifying someone’s identity, registration, or even police checkup before renting may differ from city to city, so it makes sense to find out more about your city.
Understand Rent, Deposit and Other Terms
The terms and conditions under which one is renting a house in India usually include the monthly rent, the deposit (multiple of the monthly rent, depending on the city and the market), minimum period of stay, and the notice period required to terminate the rental agreement. It will help if you specify who will pay for the society or maintenance charges, the utilities, and what will happen to your deposit when you leave the place.
Read the Rental Agreement Carefully
Do not view the document as a mere formality to be signed hastily. Carefully go through the details regarding the rent payable, deposits, lease period, renewal, maintenance obligations, and restrictions, if any, such as subletting and pets before signing. In case any verbal arrangement made is not reflected in the document, it is better to raise it before signing than after, since it will be more difficult to prove a verbal arrangement during an ensuing dispute. The registration and stamp duties applicable to the rent agreement vary from state to state.
Complete the Rental Process With the Agreed Terms
After everything is set in stone and the agreement is signed, determine the date to move into the unit, have a signed copy of the agreement, and do an inspection on the current condition of the property being handed over — taking note of the preexisting damages will save you trouble in case of disputes later.
Common Mistakes Renters Should Avoid
Agreeing to the terms verbally on the phone without putting it in writing
Skipping the verbal agreement check-up since the landlord is perceived to be honest
Not making sure of the things that come with the rent until after settling in the place
Making payments of any kind for the place without having physically seen the place
Quick Checklist Before Renting a Property
Definition of requirements: budget, location, furnishings, duration
Comparison of various options using same criteria, not individually
Various questions asked and answered before visiting
Identification and details of the property confirmed
Full understanding of rental fee, deposit, and terms
Read agreement fully before signing
Condition of move-in confirmed
Final Thoughts
Even though renting on the Internet does away with many of the problems associated with a word-of-mouth search process, the requirement for caution remains. The renters who tend to be most satisfied with their selection are typically those who were curious about the terms and conditions of the rentals and compared different options.For the full walkthrough of renting specifically through Prooperty's own listing process, see How Do You Rent Property on Prooperty?.
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