A leased property
is the property which the owner of the property gives to another person or
company for any type of use in lieu of some fixed amount of money for the time
duration which is agreed upon mutually by both parties. Any type of property
whether residential, commercial or industrial can be given on lease by the
owner of the property to the interested party. Taking property on lease is
mainly done by people who need the real estate but can’t afford to buy the real
estate or need the real estate sonepat for a
limited time period for which buying the real estate is not a good investment.
Today leasing business has become a huge sector where many properties are
especially developed for leasing purposes and almost all the major real estate
website in India help providing all types of properties on lease all across the
India.
But before taking
or providing some property at rent there are some things that are advisable to
be taken care of by both parties. As for property owners, before giving your
property for rent to someone always make sure the person has a good record and always
get a police verification of the person or company done at the concerned police
station before giving property on lease. And always get a rent agreement signed
by both parties stating time limit of the lease, amount of lease and other
conditions if you have any, it will help you in any legal problems regarding
the rented property.
As for the property
lease seeker, you should always fully analyze the property before taking the
lease that the property in question fully satisfy your requirements for the
purpose you intend to use the property for. You should also survey the
neighborhood for the feasibility of your purpose in the property and what is
the rent in the locality. Also you should get the lease agreement from property
owner and before signing the agreement you should carefully read and understand
it so that there be no confusion and misunderstanding between you and the owner
of the concerned property.
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