Some time back, Akshay Gupta, 34, an IT professional, moved to Delhi from Patiala in Punjab, to work on an assignment. After moving, he lived with his friends in the beginning and started to quickly act on their suggestion to look for a house in Hudson Lane, near North Campus. He made a visit to that area and liked it. Then, he began his house search in that area.
Information provided by his friends on that particular was not enough for him to motivate him to buy a house in that area. Also, most of the apartments that he checked did not meet his requirements. But he liked the location a lot and wanted to stick to it. After a lot of moving around, he decided to move into the one that he liked. But, later on, he realized that it was a bad deal as his landlord wanted to sell the house and in the meantime, he wanted to get some rent. So, once again, he had to go through the entire process.
This is one problem which is common to all those who looking to rent house. That’s why, living on rent can, at times, becomes challenging. However, just a few vigilant steps can help you comfortably rent and live in the property of your choice.
Following are the steps to consider while taking a house on rent:
Locality: The first and the most important step is to decide the locality in which you want to live. After that, checking the regularity of both the water- and electricity-supply in that area is of utmost importance. Then, find its proximity to your office, local markets and schools and hospitals. Browse through the various property websites to get a hang of what is the fair rent for that locality.
Rent: Rent usually depends on the locality where you are planning to reside. In Delhi-NCR, the landlord generally asks for two months rent as security deposit (SD) and a month’s rent in advance. Although advance rent is a common practice followed across all cities, the amount of SD varies. For instance, in Mumbai and Bangalore, all those who are looking for a rental property are supposed to pay up to 10 months rent as SD.
Reference: Request people in that area / locality to give you references of some property agents, or refer for the same in newspapers and property portals.
Dealer: Contact and get in touch with the property dealers / brokers of that particular area. You can also take help of your office colleagues or other friends, in case, they are planning to rent out their property, or if they someone known to them is willing to do so. This is a comfortable option as it saves you from the tantrums thrown by a broker and his fees, which is almost a month’s rent.
Details: Select the dealers that you think are the best in that locality; tell them about your requirements and the rent that you want to pay. After that, verify the security deposit and brokerage fees. Then, ask the agent to shortlist the most appropriate properties for you a day before you visit the area
Property: It is very important to thoroughly check the condition of the property. Make sure that it has not been kept unoccupied for long. Finding property in Delhi is not that tough if you keep few things in mind
Utilities: Thoroughly check the water supply, electricity supply and drainage system of the area and ensure there is no leakage of water and that all electricity connections work.
Interiors: Make sure that the landlord gets all the electricity connections checked before the house is handed over to you. Check the wiring and see if it has been earthed properly and that everything else is where it should be. Get all the warped doors and windows repaired. Also, keep in mind to check locks in the house. Ensure that they are in working condition and if you find any faulty one, get it changed as soon as possible.
Lease: It is very important to thoroughly check the terms and conditions mentioned in the agreement. Get it notified/registered; complete all the paper work before you actually move in. There are two types of lease – company and personal. Most of the landlords prefer a company lease. Whatever option you select, make sure that certain things are clearly mentioned in it, especially, the duration of lease and the SD. If it’s a personal lease for 11 months, get it notified. In case of a company lease for more than a year, first of all, get it registered with the help of a lawyer.
Before renting a house, we are usually very apprehensive. But if you carefully pay attention to a few basic issues, you can ensure years of living on rent in Delhi, comfortably and trouble-free.
Sukhpreet Kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estateindustry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property in India, browse through Delhi Real Estate and Properties.
Article Source:http://www.articlesbase.com/real-estate-articles/how-to-rent-a-house-in-delhi-1171508.html
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