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gcretro   03 September 2018

Renting flat in chennai - help with new tenancy law/rules?

Hello,

We (ownder) plan to rent our residential 3-bhk flat in velachery.  We have a few potential tenants interested.  I read in the new that rental law has under gone re

1. What all information and documents does one collect from a tenant who wants to rent?

2. For employment verification, can we ask them to produce recent pay slips?

3. How does do a background check/police verification on a tenant?

4. Lastly any recommendation for a knowledgeable  laywer in chennai who can helo prepare correct lease agreement? 

 



Learning

 3 Replies

priyanka jain (student)     03 September 2018

You can contact 360 legal.. they re good for property related issues or any queries

priyanka jain (student)     03 September 2018

1.if u plan to lease out for a period of more than 11 months then u need to register the lease deed compulsorily. but it�s always better to lease for a period of 11 months in the beginning which u need to renew after the expiry of lease period.. 2. and through renewal you can change your clauses if there are any.. don�t forget to add an increment clause in ur lease deed. 3. For your security u need to take a security deposit in advance which is minimum of 10 months rent atleast. You can contact 360 legal.. they re good for property related documentation and issues or any queries.

gcretro   03 September 2018

Per the revised modal tenancy act, is taking 6 or 10 months advance legal?  Also is registration not madatory now?

 

Also what infomration/documents should one collect from tenant? 


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