Of late, Pune has become a much-sought-destination to settle down in. With all the young and bright relocating to the Queen of the Deccan, it is no surprise almost everyone you know looking forward to be a Pune resident.
Pune is blessed to be located amidst the beautiful and scenic foothills of the Sahyadri mountains. That is why it enjoys pleasant weather all year round. It does not suffer from extreme weather like extreme cold in north India or sultry heat in south India. With plenty of rainfall, Pune is sure to warm the cockles of your heart with its pleasant weather and vibes and drive away all your stresses and blues.
This young and vibrant city is also one of the few fastest growing cities in India. It has seen tremendous growth and development. The educational fervor and corporate culture is quite strong here. All these factors have been the driving force behind the real estate boom in the city. There are scores of people in search of flats on rent in Pune, India. There is tremendous demand to be a Punekar in the beautiful, spirited city of smiles and opportunities.
Here are some Things to know before you sign the rental agreement
So, you are all excited after you have found the perfect rental apartment and you are already finalizing the interior decor in your mind?
It is important to make sure the property you have chosen is the right place for you and your loved ones to live. Here are some of the issues you need to address before signing any residential rental lease.
1. What’s the rent?
It is important to know how much rent you need to pay on a monthly basis. You should also find out when the rent is due and if you get any grace period is if you’re late. Ensure the landlord will not increase the rent on a periodic basis if your lease allows it.
2. Do you need a guaranteer?
Your landlord will do a credit check and will require proof of income from you., landlords, in some cases, will decide you cannot qualify on your own and you need to get someone to guarantee the rental property for you.
The job of a guaranteer is to be responsible if you do not pay the bills. Find out if there is such a clause in the agreement.
3. Who pays for utilities?
Utilities can be expensive. It is absolutely essential to find out who will pay for the utilities. Ask about who pays for the water, sewer, gas, garbage pickup, Internet, and cable TV. It is always prudent to find out if all will be paid by you or the landlord will pitch in too.
4. Are there any other fees you’ll have to pay?
Do not go by the assumption that utilities are the only expenses you will have to pay. Many apartment complexes or residential areas levy fees for parking, pets, and amenities. Hence find out if there are any hidden charges. After all, you do not want to be surprised when you move in to find you cannot afford parking or access to that awesome gym or rooftop pool.
5. What are the security deposit rules?
Renting 1rk on rent in pune, India property most definitely requires a hefty security deposit. Find out exactly how much that deposit is. You also want to know terms and conditions which will allow the landlord to keep your deposit.
Make sure your lease does not include special provisions giving your landlord more power to confiscate your security deposit. You must find out before signing the lease to ensure you are able to get the deposit back when you move out.
6. What is the lease term?
Usually all the residential leases are for one year, but it will be foolish to automatically assume that your lease will last a year. You must go out of your way to find out this information. This will ensure you are protected from changes such as the landlord raising rent.
You might feel that a month-to-month lease gives you much more flexibility, but this will render you vulnerable to a landlord evicting you or raising rent without prior information. A longer lease provides stability and peace of mind.
7. What is the release clause on the agreement?
Sometimes unforeseen circumstances force us to vacate a rental place before the lease term has ended. In such cases, stringent rules could put you on the hook for rent until the landlord finds a new tenant.
Hence pay attention to the release clause since it dictates what happens if you have to break your lease. Sometimes it allows you to leave early if you pay a small fee and in some cases you can find a tenant to replace you.
8. Who is responsible for maintenance and repairs?
Long term stay can result in some inadvertent damage. Things inevitably break in rental units, and it is important to know what happens when they do. Confirm with the landlord who is responsible for such damages. If there is nothing mentioned about it, do not assume the landlord will have to do it.
9. Are there rules for guests?
Before making your boyfriend or aging parents join you in your rental place, make sure to check what your lease agreement says first.
Some agreements charge additional money after a certain number of days. See what the guest terms lay down. It will affect whom and how long someone can stay in your place. In worst case, a long term guest is counted as a violation of the lease agreement and the landlord might make you evict the place on this basis.
These guidelines are there to make sure you get the best possible deal and are not caught off guard by unforeseen unpleasant situations. There are many more such guidelines provided to you when you seek a top-notch realty expert, Housing. Enjoy hunting for your dream home.