We receive queries covering many aspects of property and tenancy management and real estate investment. However, the most commonly asked questions especially by NRIs-concern property purchases and the government documents required for property transactions.We hope the following FAQs make the subject a little easier to understand.
Generally, it is 11 months. It can be at the discretion of the owner.
Yes, you do.
The owner has to refund your deposit within 30 days of your vacating the property. If any deductions are made from the deposit amount (to cover damages, for instance), such deductions will be acknowledged in writing by the owner.
The security deposit amount depends on the location of the property. Generally, it is equivalent to 10 months’ rent.
Rent is based on location, amenities and facilities available in the property.
Yes. A detailed rental agreement with all the points mutually agreed will be documented and signed between both the parties along with witnesses signatures.
If the owner agrees it can be done. A fresh rental agreement, enumerating all the points mutually agreed upon, has to be signed by both party and duly witnessed.
Rent is either collected by us personally or you can visit our office and deliver your rent to us in person.
The due date may vary from owner to owner, but is usually between the 1st and 5th of the month. It is noted in the rental agreement.
You are likely to be charged a penalty rate if you pay after the due date.
For emergency maintenance, you can call our office at any time during working hours. If the matter is not urgent, we request you to let us know of the issue in writing. We will attend to it at the earliest.
We try to see that work is attended to at the earliest, so the tenant is not inconvenienced. In general, we ensure work is completed within 10 working days. However, schedules are dependent on the kind and amount of work required.
If you wish to terminate your lease before its expiration, we require 60 days advance notice. Following your intimation, procedures will be followed as per the rental agreement. An inspection will be conducted before you move out and the security deposit will be handed over as mentioned in the lease agreement.