Check Out Our Guide Below
Select Your Locality
Factor 1
Property Type
Consider whether you need a furnished, semi, or fully furnished flat. This totally depends on your budget and lifestyle preferences.
Factor 2
Budget
Get an idea of the average rental costs in your city. Factor in the deposit, groceries, utilities, and transport expenses to calculate your budget.
Factor 3
Verified Home Listings
Instead of hiring a broker, search for homes on verified online listing websites. Homebazaar.com offers this service, and that too, at no brokerage!
Inspect Flats
Thoroughly check every living space and the working state of the plumbing, electric switches, & appliances.
Know Tenant Rules
Examine the state of the society as well. Find out their tenant rules and whether they suit your lifestyle.
Additional Things To Keep In Mind
Focus on locality safety, and you could also see how it looks at nighttime.
Carefully scan the flat and conduct a pest check to avoid problems later. If you do shortlist a home, take videos of appliances before moving in to verify their working state.
Draft A Rental Agreement
Here are some important points that are covered in the rental agreement.
Begin and end date of tenancy
Monthly rent payable
Security deposit paid to the landlord.
Payment responsibility for maintenance, electricity, and repair charges
Rental Agreement renewal date
Terms & notice period for the exit.
Once the agreement is signed and registered, you will get possession of the property from the landlord and can move in!
Frequently Asked Questions
Is it necessary to register a rental agreement in Mumbai?
According to the Registration Act, you must register a rental agreement if the lease of the property is less than a year.
What is the process of making a rent agreement?
First, a lawyer drafts the rent agreement based on the given information. Once you and the landlord approve it - the document is printed on stamp paper and then sent back to you for signatures. After this, biometric verification is done to confirm your identity. (Do carry your passport size photos and Aadhar card at the sub-registrars office). Once the stamp duty is paid, the document registration is complete. Last, you must schedule for police verification, after which your rent agreement is valid. You can also draft the rent agreement online and register it through the government E-filing website.
How do I look for homes on rent without a broker?
You can check out HomeBazaar.com as we list verified properties for rent and do not take any brokerage from tenants! Our experts also provide end-to-end services such as - helping you shortlist homes, negotiating with the landlord, and explaining the entire rent agreement process to you.
How much security deposit does a landlord ask for?
A landlord may ask you for a security deposit that covers 2 to 6 months of rent.
Battling Rental Worries? We've Got You!
Contact our experts to get complete rental help!
We explain the agreement process & offer end-to-end service.
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That's how ensures to give you the lowest rate in the market and also awarded as the "Leading Property Advisor" for 2017-18.
