Things to Cross Verify When You are Renting a Flat
It is advisable to cross-check some key factors before renting a flat. The paperwork in a rental scenario like the legal check on the ownership before you rent the apartment is equally essential apart for checking out the exterior and interior of the flat.
Some important points to cross-check before you rent a flat:
- Rent Clause
Check the rent and the increment clause. There is usually a 10% rental rise after a year and this should be mentioned. The lease is typically renewed after 11 months, not a year, as it has to be registered if it is more than 11 months. The security deposit and how this amount will be adjusted when you vacate and a termination clause, specifying the tenure of stay and notice period if any. It is better if the payment mode is clarified.
- Fees & Charges for Facilities
Check for any penalty for delayed payment of rent mentioned. The expected day of rent payment and the charges you will incur if not paid by the due date. The payment charges for various facilities in the society, like gym, parking, club and swimming pool, regardless you avail them or not is expected to be paid.
Keep in mind all the charges that you need to pay are properly listed or not. Also verify the previous maintenance charges, utility bills and property tax have been paid by the former tenants or owner.
- Other Terms & Conditions
Verify that there could be some owner-imposed specific rules in addition to the social rules
like he may insist on not allowing pets or keeping late hours, prohibiting loud music or late-night parties, etc. If there are any such rules, then it must be clearly mentioned.
An important fact to cross-check is whether the flat is being rented legally with the owner’s knowledge and make sure that you get a no-objection certificate (NOC) from the housing society.
- Check the Property
You must visit the flat that you are going to rent before moving in. Since most people do not pay much attention to the basic construction, including walls and flooring, paintwork, electrical appliances, switchboards and wiring, water connection and plumbing fixtures in kitchen and washrooms are in good condition.
If you find something in improper condition, immediately bring it to the owner’s notice and have it repaired so that you will not be held liable for the damage after you have moved in.
- Repair & Damage
Make sure the rent agreement clearly mentions who will pay for the regular maintenance or paintwork that is required after you have moved in. These can include replacement of old electrical wiring or plumbing and other wearing and tear in the flat. Also, check if the owner will pay for repair work if cause in the event of natural destruction or any accidental damage. Ensure that the agreement lists clearly who will pay for which kind of repair and maintenance and whether you will be reimbursed, or the owner will pay directly.