Pune is located in Maharashtra and is the second-largest city after Mumbai. Besides being an important city in terms of industrial and economic growth, Pune has emerged as an educational hub and is sometimes known as the Oxford of the East.
Many people are relocating to Pune and a large number of students also live here. Flats for rent in Pune are abundant and if you are planning to move here, you can easily find the one that suits your requirement.
Renting a home may seem a simple task at first instance but can be quite overwhelming when you start your search! Also, it can be very daunting if you miss out on certain important factors that need to be considered before moving into the house.
People usually do not pay much attention to the legal paperwork and concentrate on the exterior and interior. While this is important too, it is essential to read all legal documents, lease agreements, etc. as missing out on certain critical factors may have serious implications later on. So it’s always advised to properly check these documents and agreements completely before deciding. Most real estate websites make use of third-party solutions like Showcase IDX by eXp enterprise to make useful documents and information available to the customer easily.
Here’s a look at some of the important factors that need to be taken care of before renting a flat:
Physical Inspection of the Flat
It is important to carry out a physical inspection of the flat and check all the fixtures, plumbing, electrical and sanitary fittings and bring any damages to the notice of the owner before moving in.
This may save you a lot of trouble later on. This way you will avoid any confusion that might erupt between the two parties later on. You may also suggest some changes if you so desire but of course, it is the owner who will have the last say.
Cooperative housing societies and apartment complexes have fixed maintenance charges that have to be borne by the tenant. It is advisable to enquire about the annual and monthly maintenance charges of the flat you are about to move in.
The landlord has to inform the tenant about all such information so that there is no dispute later. Discuss the expenditure on damage repairs and painting and coloring of the walls if it is required.
Amenities in the Society
Societies have many amenities for adults and kids both. While most of them are free of cost, there may be a club and swimming pool membership that is on a paid basis in many of them. Many societies have a state-of-the-art gymnasium with trainers but these are optional.
Lock-in Period and rent increase
The lock-in period and the percentage of rent increase should be mentioned in the lease agreement between the tenant and the owner. Typically, there is a lock-in period of one year or maybe six months or more.
The Lease agreement also contains notice period, security advance and the mode of its adjustment, payment of electricity bill which should be read carefully and understood. If there is any doubt, clarify it before signing the agreement.
Research well about the locality
It is always advisable to rent a flat near your office as it will make your life easier. This will not only save your commuting time but the travel cost as well. Check out the local infrastructure such as market, balk, school, hospital, etc. as you will need these for day-to-day operations.
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While some societies have ample parking space that the tenants can use to park their vehicles. However, many societies in urban areas are built in small spaces with negligible parking space.
This can become a daily problem and one that should be considered before signing the agreement. If parking is provided, make sure that all specifications are clearly outlined in the lease.
Think of all the furniture and other knick-knacks that you plan to bring along with you and check out if there is adequate storage space if you need to store certain items. Sometimes the rented flat is semi-furnished and there is no space to keep your existing furniture. Take all these things into account and take a wise decision.
Besides the above factors, you can also think of moving to a 1 BHK house on rent. This has its benefits but ultimately it depends on your personal preferences. You will find furnished and semi-furnished 1BHK flats in Pune in various localities.
Pune has a thriving real estate market and some areas are really good and offer all amenities. Some people love a cozy apartment while others like more spacious and open spaces. A private backyard is something that everyone desires. Some of the properties boast such a backyard where you can enjoy the sunshine and fresh air.
Whether you opt to move into a flat or a 1 BHK house, the decision is yours! Consider all the above factors and enjoy a comfortable stay!