points to remember when you decide to rent out your home in kerala
TRANSCRIPT
Insure your PropertyProperty insurance is useful for rent house.It will give you the peace ofmind that your property will be safe.
Prepare your HouseWith the vast options of property on the market today, it is mandatoryto attract the genuine tenants to your property.
It include :
Clean your home and take away all of your things, including trash.
Do all your maintenance work.
Decide the Rent:Things to consider before rent out your property are:
The current rental rate of the area of your property.
Check out the facilities available in your property.
Area, facilities and the location must be kept into mind, whiledeciding the rate.
Advertise your propertyHow to show your home for rent? Nowadays advertise a property forrent is an easy task.There are a lot of ways for this which includetraditional print media platforms an online advertising platform etc.
Draft an AgreementDecide what details want to add on the rental agreement.Some of thepoints that never want to miss out is.
The monthly rental amount
Term of lease
Who will pay for the maintenance charges for the rental house.
In case these are damaged, the penalty amount must also bementioned in the agreement.
The deposit amount that the tenant is paying as security
Who will pay for the electricity and the utilities like water
Police VerificationIt is very mandatory to provide all the information about your tenantsand lease agreement to the nearest police station for verification.
Find a Solicitor
Consult with a certified expert and look up all the legal mattersrelated to your renting out property.
Always get a deposit
Deposits are very important for the landlords. This will give you anassurance that your property will be handled and used properly andcarefully.