Friday, November 11, 2011

Buying/Renting/Painting a Flat

Things to take care while buying a flat
1) Whether the area is regularized/authorized.
2) Chain of documents starting from the 1st owner.
3) Set the commission rates (like 1%) for the property dealer.
4) Check for seepage on the flat along with the adjacent/upper/lower flats.
5) Check for all sanitary installations or any water blockage.
6) Get the latest reading for electricity/water bills.
7) Inquire with neighbors about the flat/owner.
8) See whether motor is pumping water from the pipeline.

Things to take care while renting a flat
1) Get a registered Rent Agreement along with stamp duty.
2) Security deposit for n months based on the area.
3) Electricity/Water bills to be paid separately.
4) Get police verification done for tenants.
5) Set the commission rates (like 15/30 days) for the property dealer.

Things to take care while getting a flat white washed
1) Settle the things to be painted/cleaned/washed.
2) Cleaning the mud, paint stains and all other things from tiles, windows & doors.
3) Wooden polish & iron paint on grills, windows etc.
4) Fix on a time period and do partial payment only in advance.