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Precuations/ requirement to rent house by himself,

(55231)
Wednesday, October 14, 2009 08:05 AM 

Dear Brothers,

Please advise what the precuations have to take care & requirement to fullfill without the involvement of any propert dealer to give the house on rent.

How can owner of a house directly deal with the retal party to avoid the infulance of a proprty dealer & his commission.

Your kind adive will highly appriciated

simple replied on Wednesday, October 14, 2009 08:22 AM 

give an add in news papers

Hussain Kaisrani replied on Wednesday, October 14, 2009 09:15 AM 

Ibrahim Sultan Sahib,
In present circumstances please do not avoid property dealer to save the commission. Nowadays it is very important to have full record of rental party and it should also be provided to concerned police station. Property dealer influence will be positive so do not avoid it please.
You have asked for a kind advise so I provided it here.

simple replied on Wednesday, October 14, 2009 03:27 PM 

Info regarding full record of rental party can be given to police by the owner of the house, which is a simple affair and more authentic ,provided , the rental party is genuine. Dont be impressed with property dealers.

Aamir replied on Wednesday, October 14, 2009 07:33 PM 

Rental contract is the most important one. Put as much details in it as you can and get it registered. A carefully drafted rental contract would be an answer to many potential problems.

MAS replied on Thursday, October 15, 2009 03:53 AM 

Dear Aamir what do you mean by getting the rental contract registered? Who do you register it with?

Aamir replied on Thursday, October 15, 2009 10:29 AM 

@ MAS : A contract is written on stamped paper, when registered with oath commissioner, becomes a valid and acceptable documentary proof by any Court of Law. The person who signs such a document can not deviate from the terms and condition agreed upon, whatsoever. If he does, the aggrieved party can file a suit. Because of open ended rental contract terms, tenants often get stay from the court and then it takes years to get your property vacated. For example you may add the clause, The tenant is bound to vacate the house/shop within 3 months from the date of serving the notice , The rental payment is to be made latest by 5th of each month there onward a surcharge of Rs 500 per day along with the rent shall be applicable.
Generally, the ready made rental contract are available which are signed by both the parties. You must add your own clause to protect your rights. I hope it explains all you need.

MAS replied on Friday, October 16, 2009 07:10 AM 

Very good. Thank You Aamir.
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