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Considerations to Keep in Mind While Looking For a House on Rent

Shifting to a new apartment can be both physically and mentally overwhelming. That is why people want to rush through the process. And this is understandable considering how time-consuming the entire process of home hunting can be. However, it’s important that before you sign a lease, you know your rights as a tenant. Many first-time renters rush to sign the lease without knowing about the neighbourhood or the house in question. Do not make decisions in haste. Even if you are just renting a house and not buying it, it is going to determine the quality of your living. Here are some considerations to keep in mind before renting an apartment—

  • Whether you are looking for flats for rent in Bangalore or some other city, it’s important that you personally visit the communities where your shortlisted apartments are located. Pay several visits, including on weekends, just to assess the safety of the residents and the overall atmosphere. Also, make sure you have a conversation with the property manager about the safety of the neighbourhood. Be sure to ask for references from past tenants. This can be a great source of vital information for you.
  • The landlord will ask for a security deposit before letting a tenant move in. This deposit is usually equal to six months to a year of rent. The amount of the security deposit will vary depending on the city and the type of property you choose. A furnished apartment will require a higher deposit. Landlords ask for this to protect their investment. However, you can try to negotiate the amount, as long as the amount is not clearly stated in the rent agreement.
  • The location of the apartment is also important. Make sure it is accessible from public transport and work. You should also consider the availability of a local market nearby. If you worry about your kids’ education, make sure you choose an area where children can go to school. Also, ensure you are aware of the lease terms. This includes the security deposit and other conditions, which can differ depending on the landlord’s preference and location.
  • When looking for an apartment to rent, there are many things you should consider. The most important thing to consider is the rent. The apartment must fit within your budget, but if you have a lot of expenses, you may want to look for a place with roommates to share the expenses. Keep in mind that the rent should not be more than 33% of your gross monthly income. Also, be sure to look for amenities, such as exercise rooms, swimming pools, and clubhouses. Depending on the kind of house rented and the preferences of the owner, these can be included in the monthly rent or application fee. For a flat that you would want to rent at first glance itself, contact Stanzaliving.
  • Transportation is another important factor in renting an apartment. If you plan on working or attending school, you should check the distance from the apartment to the nearest metro station or bus stop. There is no point in renting a cheap house if you have to travel twenty minutes on foot just to reach the nearest auto-rickshaw stand. You must research nearby amenities as well to ensure that your lifestyle will be comfortable.
  • A tenant may be asked to vacate premises for violating the lease agreement or other guidelines. However, the landlord must provide prior notice and give a concrete reason for the eviction. These could include misuse of the property or a change in its structure, subletting, non-payment of rent, and other charges. The Transfer of Property Act requires that a notice of 15 days be given for the termination of tenancy. The contract between the parties will determine the rest. 
  • Imagine that you’re renting a house, and the landlord decides it is time to sell the property. Will you need to create a new agreement now that you have become a tenant for the new owner? In such a situation, the tenancy will remain, and the agreement will be considered to have been transferred to the new landlord. There is no need to create a new agreement as the old rent agreement will remain in effect. The new landlord must honour the terms of the lease agreement between the landlord and tenant. The tenant must be notified in advance if the landlord wishes to vacate the property.

Summarizing…

There are many things to consider before renting an apartment in India. The first thing you need to decide is what kind of lifestyle you want. It’s based on your lifestyle that you should look for a location. Transportation is also an important factor, and it is imperative to have public transportation close to your new apartment. Similarly, you should check if the location is near markets, schools, hospitals, and other facilities. In addition, the apartment should be located in a safe area. Although you find a lot of important considerations in the list above, note that it’s not an exhaustive list. Different people have different criteria for renting houses. Figure out what factors are important to you, and search for a rental property accordingly.

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