With most of the IT companies picking up the tide in the cyber cities of India, the prime residential property in Gurgaon and Noida has witnessed a huge increase during the last quarter. Also, being close to emerging workplaces, these locations are highly preferred by company employees. This has helped ‘renting a house’ emerge as a good option. And whether you’re renting your first home or your 10th, it’s still an important decision.
Compared to other rapidly developing cities in India, Gurgaon is gaining a lot in popularity and quality of life in the privately run residential sectors in Gurgaon and is persuading many people to think of moving here. In case you are all among those enthusiasts and looking to rent an apartment in Gurgaon, the following steps can be of great help.
Conduct the search: Start with word of mouth. Your friends and co-workers can be very helpful in giving you ideas on where to look for an apartment. In case you are looking for professional guidance, try real estate agents in Gurgaon or apartment locator service. If you’re calling about a classified ad, try to get the terms and conditions and do your best to stand out from other applicants.
Manage money carefully: Everyone wants a comfortable place without putting a lot of pressure on the budget. So how much is a lot? Flying high on the wings of booming real estate, residential rentals in Gurgaon [http://www.realtymantrarentals.com/gurgaon/residential-rentals-gurgaon.aspx] goes through the clouds However, a general rule of thumb is to spend no more than 25% of your monthly income on rent. Take a look and decide what is best for you.
Location: This is another factor that decides for your money. Sometimes, it’s really hard to get the best place at the best affordable price. However, real estate dealers are adept at bringing you the smartest deals that can get you close enough to meet your needs and preferences.
Verification of documents: now, the signing of the rental agreement or lease agreement occurs after the location and the apartment have been narrowed down. Before doing so, read your lease carefully and inspect the apartment for any physical damage or security violations. If you find any, let your landlord know before you move in. Ask about the improvements and if any of them are included in the contract.
Look for what you need in the rental agreement: A rental agreement is a legally binding document between the landlord and the tenant. You must include your name, landlord’s name, apartment address, rent amount and method of payment, and your schedule. Also, please see the following in your lease:
• Rules for sublease
• Who is responsible for repairs
• Rules about pets
• Who pays for heat and utilities
• What physical changes to the apartment you may or may not be allowed to make
• Rules regarding the breaking of the lease
You can also consult with your lawyer in case you want any modification in certain provisions. However, never sign a lease if you feel uncomfortable with any part of it.