Finding the Right Rental
Start by choosing the right locality based on proximity to work, schools, and essential services. Consider your budget carefully, factoring in monthly rent, utilities, and maintenance costs.
Decide on the property type that suits your lifestyle — whether it's a studio apartment, 2BHK, or independent house. Research neighborhood safety, public transport, and local amenities before finalizing.
Rent & Security Deposit
Security deposits typically range from 2 to 10 months' rent depending on location and property type. In metro cities, expect higher deposits. Always get a receipt for the deposit amount paid.
Don't hesitate to negotiate rent, especially if you're signing a long-term lease. Research comparable properties in the area to understand fair market rates and use that data during discussions.
Documents Required
Prepare your ID proof (Aadhaar, PAN, Passport), address proof, and recent passport-sized photographs. Some landlords may request employment proof, salary slips, or bank statements for verification.
The owner should provide property documents, NOC from society (if applicable), and latest tax receipts. Police verification may be required in some cities — ensure you have all necessary documents ready for a smooth process.
Rental Agreement Basics
Standard lease duration is 11 months to avoid registration formalities, though longer agreements are possible. Clearly understand the notice period required from both parties before vacating — typically 1 to 3 months.
Check for rent escalation clauses that specify annual increases (usually 5-10%). Ensure maintenance responsibilities, lock-in periods, and penalty terms are explicitly mentioned in the agreement.
Moving In Smoothly
Conduct a thorough inspection of the property before moving in. Document any existing damages with photos and videos. Note down electricity and water meter readings to avoid disputes later.
Create a handover checklist covering all fixtures, fittings, appliances, and keys received. Ensure all utility connections are transferred to your name and update your address with banks, employers, and government records.