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. For More Details visit:- http://sangau.com/
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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-EffectiveOwning 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. 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 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. 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. 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.
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. 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: [email protected] Call: +91 7816 988 988 / +91 78997 48170 |
AuthorSANGAU is a Property Management and Rental company with operations in Bangalore. We are in operation since 2007 and provide services to property owners and tenants. Archives
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