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Are you looking to rent a house in Bangalore without involving any broker? Here are some key things to know about renting directly from homeowners in Bangalore without broker.
You can search online on housing rental classifieds websites or apps. Also put up notices on message boards of your apartment or nearby residential areas mentioning your requirement. Word of mouth from friends and relatives in the area can also help you find rental properties directly.
Check property papers, agreement terms, society clearance if applicable, condition of the house, nearby amenities and verify owner's identity before signing the rental agreement. Do a thorough property inspection and negotiate rent/deposit amount upfront to avoid issues later.
You will need address and ID proof of both tenant and owner, rental agreement signed by both parties mentioning rental period, rent amount payable and other conditions. It is recommended to notarize the rental agreement for it to be legally binding.
It is advised to make rent payments via bank transfer, cheques or digital modes like Paytm, Google Pay for documentation. Maintain rent receipts signed by owner for your records and protection.
You can potentially save the brokerage fees which can be 5-10% of annual rent. Also deal directly with owner for repairs/issues. However, be careful about paperwork, agreements and verify all property details on your own.
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