A guide for renting a house

Renting a property be it as an owner or a tenant is fraught with certain risks but to be on the safer side it’s better to keep in mind certain factors to guarantee you have a safe transaction. Rent rates and other details vary in each state & there are certain guidelines you can follow, as per the Ministry of Housing and Urban Affairs. The Rent Control Act passed by the Indian Government was put into force for controlling rent charges and to safeguard the tenants’ & landowners’ rights.

Here’s a guide for renting villas in Thrissur from Asset Homes, the first and only builder in Kerala to deliver 58 residential projects in just 12 years. Just read on...

1. A written rental agreement.

Before renting a villa in Thrissur, a written legal agreement between tenants and owners is a must-have to safeguard the interests of both the parties. It’s not good to settle for an oral agreement as it’s not legally binding. The owner will keep the original form and the tenants, the duplicates. Till the tenants receive a copy of the agreement, they are not obligated to pay the rent for the villa in Thrissur.

2. Property Maintenance 

The tenants and the owners are jointly responsible for the maintenance of the villa in Thrissur unless the agreement specifies otherwise. As a tenant, you cannot make major renovations, or as the owner, you cannot renovate the house unless agreed upon by both parties.

When the tenants refuse to pay for the repairs they have caused, the amount can be reduced from their security deposit and if the owners refuse to pay, the amount can be deducted from the periodic rent.

3. Uninhabitable conditions

 A house is considered as uninhabitable if the price of maintenance crosses 50% of the agreed rent and if the owner refuses to maintain the house, the tenant(s) are entitled to vacate their premises with a 15-day written notice to the lessor. It’s also possible to approach the local Rent Authority to intervene.

4. Damage of property 

Once the tenants start to occupy the house, they remain responsible for maintaining the original conditions and in case of any damage the owner should be notified immediately.

5. No entry without prior notice

Be it for repairs or to check the conditions of the house, the owner cannot enter the rented premises without a 24-hour written notice.

6. Tenant eviction 

The tenants may be asked to vacate the premises if:

They fail to pay their full rent for two consecutive months

They are encroaching upon additional property or misusing it or damaging it.

7. Death of the tenant

If the tenant passes away during the tenure, the right of tenancy for the remaining time period as per the rental agreement goes to his/her successors.

These are only a few guidelines for renting a house from Asset Homes, the best builder in Kerala for villas in Thrissur. Contact us today to know more.