Real Estate FAQ
We will be managing your home for any period ranging from one to five years depending on your choice and
The tenant will pay an interest-free refundable security deposit which needs to be returned only upon termination of the agreement between owner & tenant.
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.
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.
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.
You can inspect your home at any reasonable time by giving us a prior intimation.
No. Your home will be rented out only for residential purposes.
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.
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.
The standard termination notice period is 2-3 months.
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
All money transactions to and from the tenant are direct with the property owner into his/her specified bank account.
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.
NO. We suggest you Insure your property, the cost to be borne by the owner.
YES. Coldwell Banker Value Add Realty provides the homeowner with all necessary details of the tenant.
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.
YES. We provide all the necessary information to a homeowner and seek approval before signing a rental agreement with a prospective tenant.
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.