Wednesday 31 January 2018

5 THINGS TO KNOW BEFORE BECOMING A LANDLORD



The landlord’s duty is not limited to just collect rent each month, he has many other responsibilities to do.  He has the roles of a realtor, salesperson, rent collector, supervisor & middleman for repairs. Before renting out your home, flats and apartments in Calicut you should be aware of some prime things.

1. Supervise
Supervise the property, 3 BHK apartments in Calicut regularly & carry out needed repairs immediately. Staying near the property is more convenient.

2. Know about the legalities
You should be aware of the legal rules that a landlord must abide by.

3. Rent Collection
Ensure that the rent is paid on time.  Always get the rent transferred to your account. It’s good to avoid accepting partial payments.

4. Screen Potential Tenants
Do a background check on all potential customers. It's good to be aware of the tenant’s prior behaviour, financial status & criminal history. Be an informed landlord before rent out your property, premium flats in Calicut.

5. Modify the rental agreement
Modify the lease to fit your situation stating dos and don’ts.

Being a landlord is not a simple job to do, it is not about sitting around & collecting the rent every month. Tenant verification, abide by the law, do needed repairs, collect rent on time etc. all are your responsibilities. Putting unnecessary restrictions on the tenants is not good. They are paying rent so they have some rights on the property, don’t ignore it.  Avoid visiting the property often that may cause discomfort to the tenants.  It is advisable not to keep emotional attachment with tenants.

Ladder Kerala, the leading builders in Calicut embraces multiple residential projects all over the state that are top rated in terms of quality and comfort. Ladder Mankav Greens is the flagship residential project by Ladder Kerala, king-sized premium apartments in the centre of Calicut city loaded with all the most modern luxury amenities. Ladder Mankav Greens is an ideal choice for residence.

To know more about Ladder Mankav Greens http://ladderkerala.com/ladder-mankav-greens/

Call us at +91 9400470022 for more information


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