Goa: Rental deposit?

ravsta · Nov 3rd, 2007, 12:55

Hi guys, could someone please advise me as to the normal rental agreements in Goa. Is it 1 months rent and 2 months advance hence totaling 3 months before moving in etc.....
I've also tried following the link that capt. mahanjan recommended but can seem to get more information on the schools. thirdly,i'll be working in panjim so is living in panjim recommended or are the surrounding areas better? Thanks very much all. Any info is greatly appreciated.

capt_mahajan · Nov 3rd, 2007, 12:57

Moving to the Goa subforum (out of forum help)

What link was that?

jyotirmoy · Nov 3rd, 2007, 13:02

It is usually 3 months here in Delhi but the custom varies from place to place. I understand that one has to pay a very hefty deposit for renting accomodation in Bangalore.

himmat01 · Nov 3rd, 2007, 14:39

In BLR, its's 10 months rent.

equusaustralus · Nov 4th, 2007, 02:34

In Goa, it is whatever you can agree on!

However, as a rough guide - if you rent through an agency or agent, they will require around 2-3 months deposit. The agency's commission is in there somewhere too (though you should ask). On the plus side, you will get to sign a formal lease agreement. Read the terms and conditions, make sure you agree with everything. And make sure that you have an 'exit' option (i.e. if you want to end the lease earlier, that they don't keep your deposit).

Same thing with advanced payment, though I wouldn't advise you to pay more than one month's rent in advance. I've just moved out of a house where the owner 'swallowed' about a month's rent (I paid 3 months in advance) - US$220. You don't want to go through such unpleasantness!

Panjim is great, everything is close, although I'm not sure what the prices are like. If you go a bit past Panjim (~3km) to Dona Paula, you can find quality Western-style apartments, town houses and houses (depending on your needs).

GoanCanuck · Nov 4th, 2007, 20:16

Quote:

Originally Posted by ravsta

Hi guys, could someone please advise me as to the normal rental agreements in Goa. Is it 1 months rent and 2 months advance hence totaling 3 months before moving in etc.....
I've also tried following the link that capt. mahanjan recommended but can seem to get more information on the schools. thirdly,i'll be working in panjim so is living in panjim recommended or are the surrounding areas better? Thanks very much all. Any info is greatly appreciated.

Normal rental agreements are of 11 months. Two months deposit is standard. If you are going to be working in Panjim then staying in Porvorim, Candolim and Calangute are attractive options. If you need more info send me a PM.

abd · Sep 7th, 2008, 03:34

The rental deposit in Goa is generally 3 months. There is generally a notice period of one month in the agreement.
I would recommend a good broker as they would take care of all agreement hassles. You generally stick with a three month deposit and one month notice period for a 11 month lease.
Living in panjim is OK if you can afford the rent. A decent fully furnished 2BHK apartment would cost you anywhre from Rs30000 onwards.

Nov 3rd, 2007, 12:55	#1
ravsta Member Join Date: Oct 2007 Location: Australia Posts: 2	Goa: Rental deposit? Hi guys, could someone please advise me as to the normal rental agreements in Goa. Is it 1 months rent and 2 months advance hence totaling 3 months before moving in etc..... I've also tried following the link that capt. mahanjan recommended but can seem to get more information on the schools. thirdly,i'll be working in panjim so is living in panjim recommended or are the surrounding areas better? Thanks very much all. Any info is greatly appreciated. Last edited by machadinha : Nov 4th, 2007 at 02:45. Reason: adjusted title

Nov 3rd, 2007, 14:39	#4
himmat01 Senior Member Join Date: May 2006 Location: India Posts: 112	In BLR, its's 10 months rent. __________________ http://www.airliners-india.net/ http://www.flickr.com/photos/himmat/

Sep 7th, 2008, 03:34	#7
abd Account Closed Join Date: Sep 2008 Location: Goa Posts: 1	Goa: Rental Deposit The rental deposit in Goa is generally 3 months. There is generally a notice period of one month in the agreement. I would recommend a good broker as they would take care of all agreement hassles. You generally stick with a three month deposit and one month notice period for a 11 month lease. Living in panjim is OK if you can afford the rent. A decent fully furnished 2BHK apartment would cost you anywhre from Rs30000 onwards.

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Nov 3rd, 2007, 12:57	#2
capt_mahajan (in charge of navel affairs) Join Date: Sep 2005 Location: India Posts: 10,509	Moving to the Goa subforum (out of forum help) What link was that?

Nov 3rd, 2007, 13:02	#3
jyotirmoy Maha Guru Member Join Date: Sep 2005 Location: India Posts: 4,659	It is usually 3 months here in Delhi but the custom varies from place to place. I understand that one has to pay a very hefty deposit for renting accomodation in Bangalore.

Nov 4th, 2007, 02:34	#5
equusaustralus world class horse Join Date: Nov 2007 Location: Goa Posts: 2	In Goa, it is whatever you can agree on! However, as a rough guide - if you rent through an agency or agent, they will require around 2-3 months deposit. The agency's commission is in there somewhere too (though you should ask). On the plus side, you will get to sign a formal lease agreement. Read the terms and conditions, make sure you agree with everything. And make sure that you have an 'exit' option (i.e. if you want to end the lease earlier, that they don't keep your deposit). Same thing with advanced payment, though I wouldn't advise you to pay more than one month's rent in advance. I've just moved out of a house where the owner 'swallowed' about a month's rent (I paid 3 months in advance) - US$220. You don't want to go through such unpleasantness! Panjim is great, everything is close, although I'm not sure what the prices are like. If you go a bit past Panjim (~3km) to Dona Paula, you can find quality Western-style apartments, town houses and houses (depending on your needs).

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