Rent Deed Tips for Landlords and Tenants
Landlords and property owners of multiple properties in a city frequently face a situation where they have rented out a property to students, a family, or a group of persons. Often, landlords learn that property suffers damage due to negligence, carelessness, or deliberate or accidental by the tenants living there.
Rent Deed Secures both Landlord and Tenant
Rent deed is a primary document. The property owner must give due care; it must contain a paragraph explicitly detailing that tenant would solely be responsible if the respective property has been damaged either willfully or accidentally. Moreover, categorically mentions that damage done could not be taken as ordinary wear and tear.
The landlord reserves exclusive rights to charge damage done to his property, and after examining the damage, the landlord must intimate in writing to the tenant's security deposit or advance rent, usually 3-months' rent in Lahore, Karachi, Islamabad, and Rawalpindi.
Dealing with property damage is a routine practice of landlords, property owners, commercial shop owners, and all other owners of rental properties. Before sending a tenant a bill for the repairs, you must mention a calculated cost of repairs according to prevailing market expenses to get damages fixed. Figuring this out can be shocking because the line between ordinary wear and tear and real damage can sometimes be hard to assess. Using simple, common-sense strategies and a polite language, one can swiftly assess how much he should be charged for the damage they inflicted on the property. It is advised that one should fear Almighty God. Charge the tenant with honesty, as God is All-Knowing. He Knows what is running in the landlords' mind. Be fair enough to have a just approach about charging the damages done to property legally. If you face this dilemma, always listen to your heart, as the heart plays a vital role. In your body, it acts as the Imam, The Divine Guider within yourself no matter you follow whatever religion. Follow what's heart says and keep away from cunning thoughts of the mind.
Differentiate between Ordinary Wear & Tear vs. Deliberate
To charge renters for damage, you first need to differentiate it from normal deterioration. The best way to carry out this judgment thorough move-in inspection list clearly showing the status of all-electric, water, and gas utilities, including these utility meters, switches, stove, and geysers, is in running condition. All the glasses of windows are unharmed, including any mirror for looking. Wall plaster firmly sticks to the wall. Water suction motor along with the water tank, everything is in perfect condition. Mirrors are intact. The walls are well painted and bear no mark. The floor is in good condition. Tiles are in a good state and are shining. Doors, kitchen cabinet, and wooden almirah locks are in working condition.
Get Your Rent Deed Registered from Respective Police Station
Landlords and tenants are advised to get rent deep registered from respective rent controllers from respective district courts. Afterward, the rent deed must be registered appropriately from the respective local police station, mentioning how many persons live there. Where they official address where they work what vehicles they have, including respective number plates.
As the population increases in Lahore, Karachi, and Rawalpindi, more and more people seek to get their education, living, and health-benefits and migrating to big cities choking resources. Thus, Pakistan is facing a severe housing shortage, increasing demand for houses for rent in Rawalpindi and houses for rent in Lahore. Karachi, too, has the highest demand for Houses for rent to internally migrated people.
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