Hi all,pls let me know what are the precautions to be taken befor letting out the house on rent,so that tenant will not dispute with the help of tenancy Act.
Chandargi B B (CA) 21 June 2009
Hi all,pls let me know what are the precautions to be taken befor letting out the house on rent,so that tenant will not dispute with the help of tenancy Act.
kartikeya (lawyer/cyber law consultant/cyber crime investigator) 21 June 2009
1. Research local laws regarding Tenant and Landlord rights.
2. Screen prospective tenants carefully and thoroughly.
3. Prepare a thorough lease agreement and make sure all tenants to be included on the lease sign it.
4. Take pictures or video of the property before tenant moves in to document the condition of the home. Do the same when they exit to document any damage.
5. If you will not be able to spot inspect or make or arrange for repairs to the property while it is leased, I advise using a professional Property Manager to handle this on your behalf.
6. Consult an attorney
Kiran Kumar (Lawyer) 21 June 2009
well my friend has given u few good advices, the ultimate i must give u is that dont rent out your property to such a tenant who is not likely to be evicted easily.
make sure ur tenants are temporary and they will leave the premises with in a year or they may be corporate tenants with good repute.
pls dont invite tensions and stress just for the few thousands of money.
m saying so since m also a sufferer.
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