With the various portals acting as a platform to connect the tenant and landlord, it has made the process of finding a landlord or tenant an easy task. By making the renting world more legalized, rent agreement pays a vital role and as it is the best way to rent a property and stay peacefully in the rented property. It is very important to know the documents involved in the process. Here comes the legal checklist for tenants and landlords.
Checklist for tenants
Electricity bills: Generally, the electricity bill is in the owner’s name. it is always beneficial to check the previous dues or penalty due to previous late payments. You can also go through the total load permitted on your electricity meter, particularly if you are going to utilize numerous heavy-load appliances. You can even ask the landlord to apply for a high wattage electricity meter if you are renting a big property.
No-objection certificate: when it comes to tenants numerous housing societies in metropolitan cities have specific restrictions and reservations. To avoid any sort of struggle, it is advisable to ask the landlord regarding the society rules and the no-objection certificate from the housing society office.
Proof of homeownership: It’s advice to every tenant that asks for homeownership proof such as the title deed or any other documents, which give the assurance that the owner has the right to let out the property.
Checklist for landlords
Identity/address proof: Tenant’s address proof and identification proof copy should be there with the landlord. Likewise, if they are renting out to students, then, in this case, the contact details of parents and local guardians should be there with the landlords.
Police verification: To make sure that your tenant is legally sound, it’s beneficial to conduct the police verification of the tenant. This can be conducted at your nearest police station. You just need to fill out a form and attach the identification proof of your tenants which you already have. The police visitation will there on your premises to verify in-person.
Work Details: Landlord should also keep the employer details on records if you have a working tenant. This is another method of tenant verification and to make sure that your tenant has job stability and can pay the rent on time.
Maintenance charges, water charges, etc: The payment related to the property must be decided at the time of drafting the rent agreement. The rental agreement must mention the quantum of increase in rent and from which date. The agreement should clarify all the doubts. If there is any fine in the late payment of rent, then that should also be mentioned in the aren’t agreement.
All these steps must be looking very tedious but it’s not with RentScribe. RentScribe gives you the freedom and power to follow the checklist with ease. Because it’s time to make smart India even smarter with digitization.
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