Renting an apartment in this country is a studied decision. Evaluate the scenario from all perspectives and then take the leap. Note that it is as long term or heavy on the pocket as buying property. Still, taking certain precautions in the case of property always helps.
Agreeing in writing
First and foremost, a watertight rent agreement has to be put in place. The relevant clauses, terms and conditions need to be included to safeguard your rights and interest. The agreement should be made on stamp paper and duly registered with the local authority. Once the agreement is in effect, the tenant gets the rights to the flat for the agreed tenure. The landlord is not permitted to enter the flat without the tenant’s consent under any pretext.
Money as a security
There is also a security deposit involved which the landlord seeks to protect their interest in case the tenant absconds without clearing any bills, paying rent or any damage caused. From landlord’s perspective, it looks rational.
The act in action
If at all the landlord defaults, there are avenues for the tenant like Rent Control Act, or Residents’ Welfare Association which is governed by Societies Registration Act. Any violation of agreement clauses by the tenant can possibly lead to immediate eviction. Otherwise, as a norm, a notice of at least 15 days needs to be given as per Transfer of Property Act.
Renting a house is the only choice for those on the move. Do it with due care.
