Avoid These Common Mistakes While Renting Property in Mumbai

3 mn read

Renting a property in Mumbai is certainly a task. There is something for everyone, so buyers/renters are spoilt for choice. From houses to 2 BHK flats in Mumbai, one can find everything here. However, the entire process requires a great deal of consideration and deliberation. Sometimes people get so overwhelmed by the whole process that they end up making the silliest of mistakes that cost them not only their time, but money, and efforts as well.

To ensure that you don’t end up doing the same, we are pointing out a few common mistakes you should steer clear of so you can set off on the path of tenancy in the right manner. This way, you can stay one step ahead and make an informed decision:

Not Reading the Contract Thoroughly and Signing on The Dotted Line

Mistakes are not done deliberately. They can happen no matter how careful you are. Now, buying a house or even renting a flat for the long term requires a lot of money. There are legalities and paperwork involved as well, which can be daunting to some.

One of the most vital aspects of renting a property is signing a rental contract. Many people do not bother reading it thoroughly as many people do not really understand official documents. That is where they are at fault. Rental contracts are important and contain all the necessary details such as the rules and regulations of the particular property. So, it is better to read it properly. You can seek help from legal personnel even to spell it out for you.

Also, always keep a copy of the contract with you.

Not Taking Pictures

Quite often, security deposits end up being the bone of contention between homeowners and tenants. The amount which the tenant submits as a security deposit can be used by the landlords for repairs to the property if the renters ended up damaging or breaking anything.

So, you need to be mentally prepared for these disputes. When you are renting a house or a flat, do take the condition of the property into account. Keep your landlord updated if there is any problem and see that it gets fixed as soon as possible. It is better to take pictures as proof. Also, you can hire a property inspector to take a look at the property and find any problem if there is any.

Not Exploring the Neighbourhood

You might be in a hurry to get accommodation and finalise the deal so that someone else doesn’t get it. However, you should not be hasty in these matters. Always walk around the neighborhood you plan to move in. You need to make sure that you are investing in the right property that is peaceful, clean, and has all the basic necessities nearby such as schools, banks, stores, healthcare facilities, etc. You have to make sure that you are making the right call.

See that you visit the neighborhood a couple of times at different times of the day to know about the traffic and noise. You could also meet up with one of the neighbours and ask them about their experience of living in the area. One of the best ways to get information and break the ice as well.

Renting a Property Without Visiting It

We are living in technological times. And now, people often make the mistake of finalising a property without visiting it in person and sealing the deal by seeing pictures and videos online. Not that it does not help homeowners get potential clients, but there is no shortage of scams out there. Never finalise a property without visiting it. This lets you see things in person and know for sure what you are paying for.

There have been instances where people finalised everything online and in reality, the property was in a poor condition and nothing like shown in the pictures.

Final Words

Apart from rental properties, you can also consider a flat for sale in Byculla. Many projects are underway and neared completion even. They come complete with all the amenities of a comfortable life and a secure dwelling. As said above, you should always check the property thoroughly before moving. Your best bet would be to hire the professional services of a property inspector.

To sum it up, avoid these rental mistakes for a smooth process as well as stress-free living in your new rental flat or house.

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