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.
In the end leasing of the
property is quite a healthy trend as this means profit for both properties but
only if it is done properly and legally.
