Frequently Asked Questions

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Real Estate FAQ

[vc_row css=”.vc_custom_1600779278740{padding-top: 3% !important;padding-bottom: 2% !important;}”][vc_column][vc_tta_accordion style=”outline” shape=”square” color=”blue” gap=”10″ c_position=”right” active_section=”1″][vc_tta_section title=”For what duration will you be managing my property?” tab_id=”1600778071870-b4e85d31-309e”][vc_column_text]We will be managing your home for any period ranging from one to five years depending on your choice and comfort.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Do you pay a security deposit also along with rent?” tab_id=”1600778071913-3ec35f77-c585″][vc_column_text]The tenant will pay an interest-free refundable security deposit which needs to be returned only upon termination of the agreement between owner & tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Do you take care of painting and other costs when a tenant vacates?” tab_id=”1600778242672-ab4363a6-0418″][vc_column_text]Coldwell Banker Value Add Realty will charge one month rent as repainting charges from the existing tenant when they vacate the home. If there are any damages to fixtures and fittings as per in the Schedule, we will suggest the cost to be deducted from the advance security deposit while settling to the tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How will the monthly rent for my property be decided?” tab_id=”1600778304349-9be2a763-b3d3″][vc_column_text]The rent for your home will be mutually agreed upon between you and tenant based on the current market rate for similar homes in your neighbourhood.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What will you do if there is any major uctuation in real estate prices?” tab_id=”1600778334733-716406bb-bf89″][vc_column_text]In case of major market fluctuations like a sudden recession or boom in real estate prices, both you and the tenant can renegotiate the terms of the agreement and revise the rent to a fair value according to market rates.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Will I be able to inspect my home while it is occupied?” tab_id=”1600778383365-b8695743-3b03″][vc_column_text]You can inspect your home at any reasonable time by giving us a prior intimation.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Will my home be used for commercial purpose?” tab_id=”1600778416725-a1724b99-9ea8″][vc_column_text]No. Your home will be rented out only for residential purposes.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How will you ensure that the property is not damaged by tenants?” tab_id=”1600778455515-d2c96c68-39e2″][vc_column_text]We have a dedicated team who takes care of the maintenance of the property is managed by us. Our team conducts periodic inspections and maintenance checks of your home. In case the team believes that any item in the flat needs repair then we take appropriate action to ensure that such repair is done promptly to prevent any damage.[/vc_column_text][/vc_tta_section][vc_tta_section title=”If the property su ers any major damage while being rented out, who will be responsible?” tab_id=”1600778491464-06b918b2-f3d0″][vc_column_text]It will be the tenant’s responsibility to repair any such damages caused by them. However, in case of any natural damage like cracks or seepage, the owner will have to bear the cost of repair.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What is the termination notice period of a contract between Tenants and Home Owner?” tab_id=”1600778519819-ddd70816-5b12″][vc_column_text]The standard termination notice period is 2-3 months.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Why does Coldwell Banker Value Add Reality need sale deed, owner identity and khata to manage the property?” tab_id=”1600778546419-0b1805b5-71ac”][vc_column_text]COPY of Sale deed is required as proof of ownership for the property under management. For this reason, we also need an identity proof of the owner – COPY of Khata is required, to confirm the registration of a property for tax purposes.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How are the monthly rentals and security deposit amounts paid?” tab_id=”1600778571467-5dbeecb5-6aa4″][vc_column_text]All money transactions to and from the tenant are direct with the property owner into his/her specified bank account.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Will the Fittings, Fixtures and Furnishing in my property be well maintained?” tab_id=”1600778595290-6446ee9d-7ceb”][vc_column_text]Fittings, Fixtures and Furnishing are prone to normal wear and tear over time due to usage. Damages, if any, are rectified, the cost will be borne by the tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Does Coldwell Banker Value Add Realty insure the Fittings, Fixtures and Furnishing in the property?” tab_id=”1600778645593-2fb9b396-9967″][vc_column_text]NO. We suggest you Insure your property, the cost to be borne by the owner.[/vc_column_text][/vc_tta_section][vc_tta_section title=”As a property owner, can I communicate with my tenant?” tab_id=”1600778668660-550fa837-255c”][vc_column_text]YES. Coldwell Banker Value Add Realty provides the homeowner with all necessary details of the tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”As an owner, I have specific requirements for tenants who occupy my property. Is this considered?” tab_id=”1600778688361-9ce79596-e6c7″][vc_column_text]YES. We understand all the necessary requisites from you before undertaking the marketing and seek approval before signing a rental agreement with a prospective tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Is the background check of a prospective tenant done?” tab_id=”1600778716308-2b26cefa-7dff”][vc_column_text]YES. We provide all the necessary information to a homeowner and seek approval before signing a rental agreement with a prospective tenant.[/vc_column_text][/vc_tta_section][vc_tta_section title=”How does Coldwell Banker Value Add Realty ensure payments for electricity, water, cable, broadband, telephone bills paid on time?” tab_id=”1600778767728-837b4a45-ad46″][vc_column_text]At the time of termination of a rental agreement, all such payments to the concerned authorities are verified and meter readings noted where ever necessary. Outstanding payments are payable by the tenant before move-out / termination of the agreement.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]

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