Tuesday, May 31, 2022

What are the tenants' right and obligations?

There is a two-party relationship between the tenants and landlords. There are some rights and obligations of both parties. Rights and responsibilities are of two types. Non-statutory rights obligations are under universal law, whereas statutory rights and obligations are under specific laws related to rent and lease. A property management and rental company, such as SANGAU can help the owner with management and maintenance of their property as well as manage rentals for them. Below, we will discuss the right and duties of tenants. 

Obligation to pay rent

The prime objective of the landlords is to earn money from the rental properties. And it's a primary duty of the tenant to pay the rent regularly. If it is agreed in the lease agreement to pay the rent on the first date of every month, then the tenant must pay it within the due date. 

Right to receive security deposit

Tenants pay a security deposit at the start of the tenancy agreement. It is an interest free refundable amount when all the conditions of tenancy are fulfilled by the tenant. So, if the tenant had paid the rent on time, maintained the property well and he didn't breach any terms of the rent agreement, then he must receive the security deposit at the end of the tenancy period. 

Rental Property Management in Bangalore
Rental Property Management in Bangalore

Duty to take care of the property

The rental properties should be used for legal purposes, and tenants should take care of that property. It is the obligation of tenants to

  • Inform the landlord about repair and maintenance needed
  • Give landlord access to the property for usual inspection 
  • Not to cause any damages or alterations to the rental property 

Duty to comply with the lease agreement 

Professional companies like SANGAU property management and rentals Bangalore prefer to sign a lease agreement. They manage a fully furnished house, semi-furnished house and apartment for rent in Bangalore. The tenants are required to comply with all of those terms and conditions.

Following are the lease agreement clauses that all the tenant should pay attention to 

  • Eviction clause
  • Timely rent payment every month
  • Increase in the rent at the end of a rent term
  • Maintaining harmony with neighbors and not create any nuisance
  • Payments to Resident Owners Association in a timely manner
  • Maintaining the rental property
  • Using the property for residential purpose only etc

Utility payment

There are some additional charges that tenants are required to pay eg, to Resident Owners Association on a monthly basis for utilizing common amenities and cost incurred for the upkeep of the property. Utility charges, such as for electricity, water, gas, telephone and internet are paid by the tenants monthly to the respective government offices and utility companies. 

Bangalore Rental Property Management
Bangalore Rental Property Management

Rights of tenants 

  • Tenants have a right to check with the municipality and utility companies to ascertain the bill amount
  • Tenants have a right to use the rental property for its intended use as per the rent agreement
  • Tenants have a right to manage and furnish the property for their personal use and comfort
  • Tenants have a right to access the property anytime within the tenancy period

Early lease agreement cancellation

Tenants have right to terminate a rent agreement by providing adequate time as per the notice period stated in the agreement. Those are the statutory rights awarded by the laws and regulations. Similarly the landlord also has a right to terminate the lease agreement by giving time as per the notice period in a rental agreement. Normally a notice period for termination of a rent agreement is about 30 days or 60 days as is documented and agreed upon by the Tenant and Owner. The tenant should vacate the property on or before the expiry of a notice period. However, this notice period is not awarded in case of an eviction notice with a cause.

Conclusion 

Tenants should pay attention to their rights and obligations. If they want a good and long term relationship with their landlord or their property management and rental company, like SANGAU, then it would be beneficial for them to act accordingly.

 

Tuesday, May 24, 2022

What Property Management Companies Look for in Tenants

Property Management Bangalore
Property Management Bangalore


Some rental properties are managed by Owners or real estate agents. But on the other hand, big apartment complexes or villas in a gated community are managed by property management companies.

A property and rent management company like SANGAU, in Bengaluru has several residences under its management. Such companies have established processes and procedures for screening of prospective tenants.

They are approached by a wide variety of tenants so they try to get only screened clients that meet their tenancy requirements and who would be beneficial for them for a long term relationship. Some of the steps followed by such companies during a screening process are listed below.

Proof of identity

Rent management companies firstly verify the renter's identity. The primary purpose of this is to check the tenant provided data of the renters that can be used in unforeseen circumstances. On the other hand, in some states, it is a legal obligation to verify the renter's identity and submit the legal documents to the relevant government department. Identity can be verified by a government identification document like Aadhaar, driving license or a passport.

Income Proof

Rent management companies also require renter's income proof to ensure that they have the financial capacity to pay monthly rentals. The income proof requested from a prospective tenant could be a salary slip, income statement, bank statement or tax return. Companies have established a threshold income for acceptance depending on the property type and monthly rent value. They would validate the tenants’ ability to pay monthly rent on time without any delay. It also helps the companies to offer a suitable apartment to the renters based on the paying capacity of the tenant. 

Criminal Records

It is the responsibility of rent management companies to protect the community around their property from criminals. If situation demands the company can request prospective tenant to furnish a police clearance certificate. This helps companies to screen those renters who have any past criminal records. In some states, it a legal requirement to submit tenant documents to the police station which is in the jurisdiction of the property.

Service fee

Some rent management companies demand a service fee that is not refundable. Tenants pay the service fee to the companies in return for their saved time to research a property that meets their needs. Such companies cater only to prospective clients who can pay the service fees.

Occupancy Type

Some owners or resident owners association could have specific tenancy requirements and these need to be adhered to when finalizing a tenant. Examples of restrictions are - not allowed to keep pets, renting to only family and not bachelors or spinsters, renting to vegetarians only etc. Due to such restrictions certain properties may not be available to tenants.

Move-In & Move-out Charges

Some resident owners associations’ have restrictions and rules for move-in and move-out of tenants from the apartment or villa complex. A tenant should be willing to bear this cost when applicable to be able to rent the property.

Previous Renting records

Rent management companies may communicate with the previous landlord to evaluate the tenant's behavior, attitude and paying abilities. This process helps companies to assess the best tenant for their property. They can timely screen out the unwanted and uncivilized renters that can cause a headache in future. 

References

Any reference in a tenant’s application can increase the chances of acceptance. This reference can be from the employers, relatives or recent landlord of the tenant. The companies give due consideration for such references while evaluating the renter. 

 

Tuesday, May 17, 2022

Should a tenant rent through a Property Management Company?

Rent Management company, such as SANGAU in Bangalore helps the tenants to rent a property with them. At the same time, they also help landlords in getting tenants for their property. Property Management & Rent Management companies act as an intermediate between landlord and tenants.

Cost-Effective

Owning a property that can be rented is a profitable business nowadays. The landlord owns the property and they always wanted to charge more for their property, whereas the tenants wish to cut down on their rental expenses. Tenants always want to rent the best property in a cost-effective manner. 

Renting a property from a well-known property and rent management company like SANGAU in Bangalore is helpful as they have a large portfolio of rental properties to choose from. They also help a tenant in choosing an apartment or villa of your choice on reasonable rates by discussing with the property owner as they know the market rates and try their best to make a deal that is suitable for both tenants and landlord.

Repairing and other problems

A company like SANGAU helps their tenants in many ways. They do not charge the tenant for property viewing, brokerage if the tenant decides to rent a property or any service fee during the complete period of their tenancy.

Rental Property Management in Bangalore

Additionally they also manage and maintain the property on behalf of the owner so they take care of any maintenance issues that may arise during a tenancy. They are responsible for repairs in the property and liaise with the landlords for timely repairing and maintenance of the property. Property maintenance is no longer a tenants headache.

They collect rentals from the tenants and pay to the landlord. Property management companies listen to all complaints from the tenants and solve their problems. 

Communication between property management companies and the tenants is more comfortable than between the landlords and tenants.

High-quality landlords/tenants

SANGAU, a rental management company in Bangalore, have both fully-furnished and semi-furnished houses. They have a vast portfolio of Owner owned rental properties. Tenants would be able to secure high quality rental properties of varied pricing depending upon their budget. Before taking on property management of a individual owned rental property the property is well inspected and owner credentials verified. This ensures there are no legal issues faced by a tenant because of the owner during the tenancy period. Legally binding Owner contracts exist between the property owner and the property management company to ensure the Tenants have a peaceful and comfortable stay.

Psychological benefits

Bangalore Rental Property Management
Bangalore Rental Property Management

Renting through a Rent Management company reduce your stress, unnecessary hassles and other psychological issues. You need not stress about dealing with an individual, the landlord, who may at time behave irrationally and without human consideration. 

When dealing with a company the companies’ reputation is at stake and they ensure that terms and conditions of a rent agreement are not violated. The tenant does not have to worry about property maintenance and related matters as the company is responsible to well maintain the property on behalf of the owner.

As it benefits the tenant renting from a property management company, similarly the owner also benefits when letting a property management company manage and maintain the property. They take care of all property maintenance and rent management and act as an intermediary when with a tenant.

Time-efficient

If you are renting through a rent management company like SANGAU, it will save tenant a lot of time when addressing maintenance issues. There are no repeated follow ups required when reporting an issue and maintenance works are completed in a timely manner.

Similarly when the Tenant has to liaise with local authorities, resident owners association or utility companies then the company can assist the tenant with such tasks and ensure a hassle free stay for the tenant. Such assistance by the company helps tenants save their time which they may use for other productive work.

Conclusion

Due to the above mentioned advantages it is always beneficial to rent through a rent management company. It is not only secure and time-efficient, but tenant benefits from a lot of other professional services offered. SANGAU property management and rentals offer quality services for tenant looking for rental property in Bengaluru. So consider hiring them because they work for the common benefit of both landlords and tenants. 

 

Tuesday, May 10, 2022

Tenant needs to meet requirements specified by the owner

Laws dictate the rights and obligations of the tenant and landlord. Other than that, there can be vocal agreements between the two parties. Disputes may arise between the two which may require taking the help of law to resolve. 

A lease agreement is signed between two parties where one party agrees to occupy a property owned by another for a specified duration of time (11 months) for which he will pay an agreed upon amount of money as rent. The rented property must meet certain minimum standards. There are also minimum legal standards for the property’s structural condition, ventilation, lighting and fire safety. Apart from the above, there are set rules for waste disposal and electricity use. Responsibility of enforcing the rules rests with the owner of the property.

The tenant has to maintain the property at the minimum standards set by the local laws, just as it did at the beginning of the tenancy and throughout it. Any deficiency or deterioration if suffered should be brought to the notice of the landlord. It is good to take pictures at the beginning of the property which can be produced as evidence later when the degradation happens. 

Property Management Bangalore


At the very outset, both parties should communicate their expectations and understand each other’s duties and responsibilities. Once the rental agreement has been signed, the lessee is under the obligation to obey the agreed upon points. The landlord is responsible for ensuring emergencies, repairs and complaints are handled in a timely manner.

  1. Usually, the stipulated rent is to be paid on or before a certain agreed upon date. 
  2. Keep the rental premises clean and behave well, if a damage occurs by the willful or negligent act of the tenant or someone he has allowed in the premise, he should repair the same.
  3. Inform the landlord if any problem arises, as soon as possible. If there are any other issues that require his intervention, the tenant should inform accordingly. 
  4. In general, he should remain in harmony with the rest of the neighbourhood without causing any trouble to their existence.  

If the tenant is about to complete the tenure stated and wishes to continue in the same property, she should reach out to the owner for the new agreement! On the other hand, if the tenant wishes to vacate the property, she should issue a notice to the landowner as per the stipulated time frame in the lease agreement. There could be times when it is not possible for the tenant to meet the timeframe guidelines owing to professional/job reasons such as immediate transfer, etc.  In such cases, the tenant should talk it out and see if the landlord is willing to settle the advance amount amicably. 

In Bengaluru, the usual practice is to charge ten months rent as deposit which remains in the custody of the owner. This amount is supposed to be returned to the tenant upon termination of the lease, provided the tenant has chosen to vacate. 

Property rent management Bangalore


At times, certain guidelines may be laid down by the property owner, specific to the property and these are made known to the lessee through the agreement. Properties that have amenities such as swimming pool and gym have such guidelines that should be followed by the lessee in order to ensure that the services or facilities remain in prim condition and are not damaged. Such amenities are shared and hence each occupant should take steps to follow the guidelines. 

SANGAU in Bengaluru is a Property Management and Rental services company that helps professionals based in the city find a rental accommodation. Professionally managed properties always allow the occupant to rent spaces that meet their demands, rent or otherwise.

Visit www.sangau.com for more details.

Email: enquiry@sangau.com

Call: +91 7816 988 988 / +91 78997 48170