Guide for Property Owners – Renting Out Your Flat
Renting out your property can be a great source of income—but it must be done legally, safely, and smartly. Here’s a quick guide to help you rent out your flat the right way:
💰 1. Decide the Right Rent Amount
The rent you charge will depend on:
The furnishings and appliances you provide (e.g. modular kitchen, ACs, beds, wardrobes, etc.)
The location and connectivity of your property
Comparison with similar properties in your locality (benchmark the current market rate)
📌 Tip: A furnished or semi-furnished home usually fetches a higher rent.
📜 2. Register the Leave & Licence Agreement
Always make it a point to:
Prepare a Leave & Licence agreement (not just an informal rent agreement)
Register the agreement legally to protect your rights
Get a Police NOC (No Objection Certificate) for tenant verification—this is a legal safety measure for both parties
🪪 3. Collect All Necessary Documents from the Tenant
Ensure you take proper documentation from the tenant and their family members, such as:
Aadhaar Card & PAN Card
Passport copy (if applicable)
Employment ID or Offer Letter
Emergency contact details
Photographs of all staying members
📌 Note: Always keep a soft and hard copy of these documents safely filed.
👨💼 4. Work with a Professional Agent (Optional but Recommended)
A real estate agent can help:
Find quality tenants
Verify their background
Draft proper legal agreements
Ensure your property stays rented consistently
✅ Bonus Tip: Inspect your property every 6–12 months and clearly mention maintenance responsibilities in the agreement to avoid disputes.
Tenant’s Guide
Important Guidelines for Tenants Renting a Flat
With increasing government regulations and security protocols, it’s essential for tenants to follow proper procedures while taking a flat on rent. This ensures safety, legal compliance, and a smooth stay for both the tenant and the landlord.
📑 1. Complete Government Documentation is Mandatory
As per current norms, tenants must submit the following documents:
Aadhaar Card
PAN Card
Permanent residential address proof
ID proofs of all family members staying in the flat
Ensure all documents are clear, valid, and up to date.
🏡 2. Common Reasons for Shifting on Rent
You might be shifting to a rental flat due to:
– Redevelopment of your owned house
– Job transfer or relocation
– Upgrading to a new locality or building
Whatever the reason, always follow legal procedures and ensure your paperwork is in place.
📜 3. Register the Rent Agreement
Tenants must prepare a Government-Registered Leave & Licence Agreement, which is:
Accepted by the Police for verification
Recognized by the Housing Society
Useful for banking or address proof requirements
This agreement protects your legal rights and outlines the terms of the rental.
🤝 4. Be Clear on Terms with the Owner
Before finalizing, have an open and honest conversation with the flat owner. Discuss and agree upon:
✅ Monthly rent amount and payment date
✅ Annual rent increment percentage (e.g. 5% or 10%)
✅ Whether the flat is furnished, semi-furnished, or unfurnished
✅ Availability of parking and other society amenities
✅ What fixtures and appliances the owner is providing
✅ Agreement on returning the flat in the same condition at the end of the tenancy
📌 Tip: Have these terms written clearly in the registered agreement to avoid misunderstandings later.
By following these steps, tenants can enjoy a peaceful and secure stay while maintaining a transparent relationship with the landlord and society.