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What’s the lease duration?

Property Handling

2016-07-25 07:25

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Generally, it is 11 months. It can be at the discretion of the owner.

Tags: Tenant Management

Related entries

Why do I need property management service?
What type of properties do you manage?
What kind of property management services do you offer for rental properties?
Can you pay monthly bills for me and when will I receive my cheque?
How will you update me about my tenants and rented/leased property?

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Records in this category

What if there is a contradiction in ideas/opinion regarding a particular clause/opinion/issue between my lawyer & the lawyer engaged by PROPERTYHANDLING. How would you deal with this kind of situation?
I have a property where I am unable to vacate the tenant who has resided in the premises for ages. Can you take over the tenant eviction part only?
How will you handle tenant eviction if a tenant goes bad and refuses to vacate?
What are the documents necessary for mutation of property as I am having GPA in my name?
What is mutation of property & when and why is it required?
Do you have lawyer network across India?
Do you use an in-house lawyer to provide legal opinion?
Is a resident in India governed by the provisions of the Foreign Exchange Management (Acquisition and transfer of immovable property in India) Regulations, 2000?
Can foreign nationals of non-Indian origin resident in India or outside India who had earlier acquired immovable property under FERA with specific approval of the Reserve Bank continue to hold the same? Can they transfer such property?
Can the sale proceeds of the immovable property (who had bought immovable property, when he was a resident, continue to hold such property even after becoming an NRI/PIO? In which account can the sale proceeds of such immovable property be credited?) remitted abroad ?
Can a person who had bought immovable property, when he was a resident, continue to hold such property even after becoming an NRI/PIO? In which account can the sale proceeds of such immovable property be credited?
Can NRI / PIO rent out the residential / commercial property purchased out of foreign exchange / rupee funds?
If the immovable property was received as inheritance by the NRI/PIO can he repatriate the sale proceeds?
If the immovable property was acquired by way of gift by the NRI/PIO, can he repatriate abroad the funds from sale of such property?
If a Rupee loan was taken by the NRI/ PIO from an Authorised Dealer or a Housing Finance Institution for purchase of residential property can the NRI / PIO repatriate the sale proceeds of such property?
Can NRI / PIO repatriate outside India the sale proceeds of immovable property held in India?
Can NRI/PIO avail of housing loan in Rupees from his employer in India?
Can NRI / PIO, avail of housing loan in Rupees from an Authorised Dealer or a Housing Finance Institution in India approved by the National Housing Bank for purchase of residential accommodation or for the purpose of repairs / renovation / improvement of residential accommodation? How can such loan be repaid?
Can NRI / PIO avail of loan from an authorised dealer for acquiring flat / house in India for his own residential use against the security of funds held in his NRE Fixed Deposit account / FCNR (B) account? How the loan can be repaid?
Is repatriation of application money for booking of flat / payment made to the builder by NRI/ PIO allowed when the flat or plot is not allotted or the booking / contract is cancelled?
How can an NRI / PIO make payment for purchase of residential / commercial property in India?
Can residential / commercial property be mortgaged by NRI/ PIO /OCI?
Can an NRI / PIO / foreign national holding an agricultural land / a plantation property / a farm house in India, gift the same?
Can a non-resident gift his residential / commercial property?
Can a non-resident owning / holding an agricultural land / a plantation property / a farm house in India sell the said property?
Can an NRI/ PIO/foreign national sell his residential / commercial property?
From whom can a non-resident person inherit immovable property?
Can a non-resident inherit immovable property in India?
Can a NRI/PIO acquire immovable property in India by way of gift? Cana foreign national acquire immovable property in India by way of gift?
Can the branch / liaison office of a foreign company purchase immovable property in India?
Can a foreign national who is a person resident in India purchase immovable property in India?
Can a foreign national of non-Indian origin resident outside India purchase immovable property in India?
Can a foreign national of non-Indian origin be a second holder to immovable property purchased by NRI / PIO /OCI?
How many residential / commercial properties can NRI / PIO / OCI purchase under the general permission?
Are any documents required to be filed with the Reserve Bank after the purchase?
Can NRI/PIO/OCI acquire agricultural land/ plantation property / farm house in India?
Who can purchase immovable property in India?
How do you assess completion of work and send me proof of it when an approved?
If I were to get you to paint the house through your vendor and after a few months if the paint were to start peeling off or start showing bubbles what can I do about it?
Does your company take responsibility for the quality of work undertaken by your empanelled vendors? What happens if a job done by your vendor goes bad and I need to shell out additional money to replace the equipment/fixture?
How can I be sure that an estimate for repairs given by your executive is accurate and as per market standards? Who verifies whether the estimate is correct?
Does your service cater to any time repairs for the tenant? Do you undertake repairs / renovation work on behalf of the landlord if requested for?
Are bill and tax payments errands part of the package? What happens if I fail to send you the money on time?
How will you deal with things such as tax notices from Govt. Agencies, Apartment Association and Electricity Dept. etc?
Who is authorized to do an inventory check at the time of moving in or moving out of a tenant? If there is multiple move-ins and move-outs within a year would you charge extra for inventory checks each time?
What is the kind of book keeping you do on behalf of clients and how will it help me at the time of filing taxes or for general reconciliation?
Who handles the legal aspects of sending a termination notice? Since the agreement will be between me and the tenant, are you authorized to send a termination notice?
If the existing rental agreement with my tenant is not water tight but if you are required to handle Tenant management in such a situation, would you handle it?
I have a property where I am unable to vacate the tenant who has resided in the premises for ages. Can you take over the tenant eviction part only?
How will you handle tenant eviction if a tenant goes bad and refuses to vacate?
You mention about a Supervisory staff / Manager inspecting the property once in 6 months? How does it help?
Who will keep track of lease agreement expiry date, rental hike applicability etc. and implement it? Does your responsibility sTop with informing the client about it or would you actually implement it?
What would you do if the tenant fixed by your company turns out to be defaulter after some time due to any reason? How will company handle the situation?
What will be the procedure followed by your company in the event of rental default by tenant? What is your company's liability in such a situation?
When will I get those client updates - monthly and quarterly?
What is the kind of monthly update I shall receive after your inspection at the time of rent collection?
What is the tracking mechanism you have to ensure that cheques don't bounce or if they bounce that you are in a position to take immediate action?
Will you accept post dated cheques in advance from tenants in lieu of rent to be paid? Will you collect post dated cheques even when the amount is past due?
How will you keep track of the travel itineraries or preferences of tenants and ensure that rent is collected on time without delays due to any cause?
Who will go to collect the rent? Will it be the same executive always? Post collection, how will you update the client and ensure that the money is indeed received by the landlord?
Our executive will represent the owner personally on all meetings and other required activities.
Will Representation for the owner be limited to phone calls or will represent in person for all colony meetings. At least important meetings need to be attended.
Do you take care of cleaning the house before any tenant occupies?
Get the agreement signed, deposit cheque in owner’s account, send signed agreement for owner’s signature. – We are in the USA. So, you will send it to USA for our signature?
What is the Rental Assistance – 1 month rental value as service charge – This is the brokerage charge, I presume?
If the owner is living abroad, should the agreement be signed in front of the consulate?
What is the agreement time duration for rent or lease?
What is the agreement time duration for property management?
During the time period of property management if we come across an errant tenant or a tenant who is not ready to leave after the agreement is expired, how do we tackle them? I mean are we responsible for it or do we assist them in the following situation?
What does yearly ( E C ) means ? Mentioned in platinum package ?
How do you maintain the records of all the clients? I mean the format? Do you send the maintenance report to the owner? What is the format?
What if the tenant says that he has given the rent to us even if he has not given? What kind of precautions do you take? How do you inform the owner?
Do you give receipts to the tenant or take signature on some format as courier people do when they give certain parcel?
Will you collect rent as cash?
How will I know if the rent has been collected or not?
Please explain how do you collect rent month on monthly basis? Cash or Cheque?
What do you do in property management / tenant management?
What is property management?
What if the seller commits a breach of contract? What role would you play in safeguarding my part?
When & how would I receive updates about the status of my order?
How can PROPERTYHANDLING assist me in applying for a Home Loan?
When do I have to make the final payment to the seller and how is it normally done?
Does your job end with completion of the registration process?
Who would be available from PROPERTYHANDLING for assistance at the time of registration in case GPA is issued to my local contact or if I plan to make myself available for the registration?
What are the documents required at the time of registration & what will be the registration fees?
What are the various steps involved in the sale deed registration process?
Do you charge separately for drafting sale agreement/GPA adjudication?
Can PROPERTYHANDLING assist me in drafting a valid sale agreement?
What is "adjudication" of GPA & why is it required for NRIs (Non Resident Indians)?
How would you assist me in drafting a GPA (General Power of Attorney)? Can I issue a GPA to PROPERTYHANDLING for handling the task? How can I be sure that you will not misuse the GPA?
What if the documents submitted by the seller are incomplete? Who will be responsible for procuring these documents & who will bear the cost of procurement? Can PROPERTYHANDLING provide assistance in procuring these documents?
What steps would you take or recommend in case documents submitted by the seller are found to be fake?
How would you confirm the authenticity of property papers submitted by the seller & what is the kind of report I can expect from you after the completion of the authentication process? Is it really required even after doing a legal verification?
You have mentioned that my property papers will be scrutinized by your legal experts. How are these experts related to your organization?
Why is the legal scrutiny report important?
What is the property assessment report & how will it affect my buying decision?
What if the buyer commits a breach of contract? What role would you play in safeguarding my interests?
When & how would I receive updates about the status of my order?
How would you send me a copy of the sale deed after registration? Is international shipping free?
How would you collect the payment from the buyer & how would it reach me? How would I know that the amount has been credited into my account? (applicable if GPA is issued in favor of PROPERTYHANDLING)
You have mentioned that you would assist in assessing capital gains due to the sale? Do you charge separately for such assessment?
What constitutes official completion of the sale? Does PROPERTYHANDLING's job end with the completion of sale deed registration?
Who would be available for assistance from PROPERTYHANDLING at the time of registration in case GPA is issued to my local contact or if I choose to be physically present?
Can you provide me with a checklist of all the property documents required at the time of registration?
What are the various steps involved in sale deed registration process?
I am an NRI and in case I want to come to India for registration, can you assist me with travel arrangements?
Can you assist me in procuring property documents that are mandatory, but not available with me? If yes what would be the charges?
Do you charge separately for drafting the sale agreement/GPA adjudication?
What is "adjudication" of GPA & why is it required for NRIs (Non Resident Indians)?
How would you assist me in drafting a GPA (General General Power of Attorney)? Can I issue a GPA to PROPERTYHANDLING for handling the task? How can I be sure that you will not misuse the GPA?
Can you assist in drafting a sale agreement?
How do you check and verify if the property you are selling on my behalf really belongs to me?
Can I modify my request on the repairs / renovation items after PROPERTYHANDLING starts the work?
What if the required repairs & renovation work is not completed as per my expectations?
Can PROPERTYHANDLING shortlist/select/arrange for a vendor to undertake the required repairs & renovation?
What is encumbrance certificate & why / when is it required?
How would PROPERTYHANDLING assist me in getting a documents issued from respective government authorities?
What is the recourse if the construction is not completed as per my expectations?
What will your report contain & how does that help me in ensuring the quality of the work?
Who will conduct construction monitoring & how frequently you would monitor my property?
What is construction monitoring?
What is the action PROPERTYHANDLING shall take if it notices any sign of encroachment on a monitored plot?
Will I determine the frequency of your visit to the property?
What is site monitoring & how will it help me safeguard my property? Will I get periodic reports?
Will my details be passed onto any third parties?
When will I get the report?
How do I know what action is needed?
Do I need an inspection if the plot is new?
What’s in the report?
Will I determine the frequency of your visit to the property?
What is site monitoring & how will it help me safeguard my property? Will I get periodic reports?
Will my details be passed onto any third parties?
When will I get the report?
How do I know what action is needed?
Do I need an inspection if the plot is new?
What’s in the report?
How often do I need a safety inspection and how long is it valid for?
What is the inspection procedure?
How often will the plot be inspected?
Why should I have monitoring of my plot done?
What is a monitoring or inspection?
Can you guarantee the security of my plot?
My family and friends visit the place often. Do I need a professional monitoring service?
What are the benefits of having a safety inspection of my plot?
How much do you charge as property management fee?
How will I receive reports from the property management company?
As a tenant, what should I be aware of concerning the property I am renting?
How do I keep track of the condition of my property?
Can you find tenants for my rental property?
Do property management companies provide Property Tax Assessment for our properties?
Do your services cover buying and selling of properties?
What are the specific services provided under property management?
What is property management?
What is my role in the selling process?
What do I have to leave in the property?
How much will it cost to sell my property?
I want to sell a property. What do I do first?
Do I have to get an encumbrance certificate (EC) before and after the property is pur-chased?
What are the hidden costs in buying a property?
I bought the property, now what?
Is it possible to buy a property without being present at the location?
Is it possible to sell a property without being present at the location?
Does Property Handling help in getting clearance documents from the various legal departments?
What are the specific services provided under property management?
What is property management?
Can I create my own login and password?
Is any charges applicable for online registration?
Do you provide property-related legal services?
Will you upload my property documents online?
If I give power of attorney to my parents/other representative, would my signature be required for documents?
Where can I get application forms?
Why should I hire a property management company to manage my property?
Can I terminate my lease early? If so, what is the procedure?
How long will it take to complete the maintenance work?
When is my rent due?
How do I pay rent?
What factors do you consider while fixing the rent?
Is there any renewal of rental agreement if I continue to stay after my lease period is over?
What is the security deposit amount?
Do I get a receipt for a deposit amount?
What’s the lease duration?
How much will it cost to market my rental property?
How will you update me about my tenants and rented/leased property?
Can you pay monthly bills for me and when will I receive my cheque?
What kind of property management services do you offer for rental properties?
What type of properties do you manage?
Why do I need property management service?
Can i inspect the property whenever i like?
How long will it take to lease my property?

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