Answers ( 3 )

  1. Being an NRI,it's  difficult to manage the property from outside India. It's here where NOBROKER comes to your rescue and aids you in maintaining your property and if you are giving  it on rent, their experts guide you to the entire procedure from searching the tenant, to making a rental agreement.

    The NRI can give power of attorney to the local guide or any of their relatives,friends, neighbours. NoBroker helps in getting the agreement done, tenant's signature done on it, and notarizing the agreement.

    They then sent the soft copy of the agreement to the landlord via email. The NRI takes the printout, signs it, and sends back the soft copy of the signed agreement to the tenant by email. NoBroker guides at every step . Alternatively  applications like DocuSign, digisign, CamScanner etc. allows you to sign a document without even printing the paper. NRI can email the signed document to the tenant. 

    With NOBROKER NRI services, every step becomes smooth and stress-free. Also after the agreement, collection of monthly rent on behalf of the landlord, is religiously followed by NOBROKER services.


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  2. There are two types of rental agreement NRI can go for, both the agreement is rental but differs in their legal aspects.

    Rental lease agreement:

    The existing rent laws control the rental amount in this agreement. The tenant can sublet the property to a third party. The lease agreement would not be terminated in case the property owners die.

    Leave and lease agreement:

    This agreement offers high protection to the landlord. Once the rental period is over, it is easier to evict the tenants. If the landlord passes away during the timeline of the rental agreement, then the license is automatically terminated.

    Some pointers you can keep in mind before drawing up the rental agreement are:

    a. Conduct a property background check.
    b. Read the documents thoroughly (amount, tenure, extra charges, deposits, maintenance, etc)
    c. Drafting of an agreement should be bone by lawyers.
    d. A registered agreement can avoid future disputes.
    e. No Objection Certificate from society to avoid future grievances.


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  3.  

    Putting a property on rent in India, when living abroad is not an easy job. After finding appropriate Tenets for your property. There is another job available for the house owner is to prepare a rent agreement and when it comes to NRI rental agreement the person needs to be extra cautious.

    Before preparing a rental agreement follow the rule of six:

    1. Preparation of content for the rental agreement
    2. Policies between both the parties
    3. If you want to hike the rent after a period of time, do mention in the agreement
    4. Background verification of the tenant
    5. Signing the agreement
    6. Submission of the rental agreement to the notary for authorization

    These are the basic steps that you need to follow while renting your property.

     

    Here I am explaining my secrets to getting an NRI rental agreement hassle-free.

    • To skip the above process I prefer to avail NoBroker NRI service to get my rental agreement prepared. If you choose NoBroker Rental service you will get the guidance of an expert from looking for a tenant to registering the rental agreement.  
    • NoBroker will send you the copy of the rental agreement through mail to your doorstep, you don’t have to worry about it.
    • By availing  their service you can leave your worries to the NoBroker service provider, everything will be taken care  by them

    Hope this answer is helpful to you and you have got the idea how to get NRI rental agreement in a few easy steps.


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