renting advice please

jeyo2000 · Sep 3rd, 2008, 21:25

hi my wife and I will be moving down very soon this sunday we will be flying in.
I am in contact with an agent and an property owner.
I am concerned about the way deposits will work. generally speaking how does renting work. how much is the deposit inrelation to the rent. also is it a hassle to getting your deposit back? we have a plan to get a better place after about three months. thanks a lot in advance.

jemal

sannna · Sep 3rd, 2008, 21:38

I can't help you very far, but generally big deposits (like a couple of months up to a year rent in advance) seem to be considered quite normal.

I don't know whether this also applies for short-term rentals, and how it works with getting your money back.

jeyo2000 · Sep 3rd, 2008, 22:12

thanks for the reply! So a couple of months rent in advance is possible? I really feel that putting down as small a deposit as I can would help us alot later when we want to move and we are not feeling bad for putting a rs 40-60,000 down and having to go through alot of hassle.

If it is possible to get accomadation with even 6 months advance I would less stress about that.

thanks again!

Jemal

puchoo · Sep 4th, 2008, 13:49

A deposit will be in the region of 1-2 months rent. Getting it back is not something i have had issues with , assuming that your landlords are not the type of people wanting to make a fast buck that way.

If you want to give a 6 month advance then thats your decision. I would consider it silly to block so much when you can get by with 1-2 months.

chrisito · Sep 13th, 2008, 03:01

My experience and experiences of people that i know has been that the deposit for most properties is very big compared to the rent... not too sure why that is- fear of not getting the rent, historic reasons re bombay rent control act. One way to get round it is to offer to pay rent up front (which naturally has its risks) or offer to give prepaid cheques, or perhaps a combination of both.

I have found that by being friendly and reasonable but firm, that you can negotiate a compromise.

Sep 3rd, 2008, 21:25	#1
jeyo2000 Member Join Date: Aug 2008 Location: Lucknow Posts: 13	renting advice please hi my wife and I will be moving down very soon this sunday we will be flying in. I am in contact with an agent and an property owner. I am concerned about the way deposits will work. generally speaking how does renting work. how much is the deposit inrelation to the rent. also is it a hassle to getting your deposit back? we have a plan to get a better place after about three months. thanks a lot in advance. jemal

Sep 4th, 2008, 13:49	#4
puchoo Maha Guru Member Join Date: Nov 2006 Location: New Delhi & Himachal Pradesh (Shimla) Posts: 5,411	A deposit will be in the region of 1-2 months rent. Getting it back is not something i have had issues with , assuming that your landlords are not the type of people wanting to make a fast buck that way. If you want to give a 6 month advance then thats your decision. I would consider it silly to block so much when you can get by with 1-2 months. __________________ Cheers! Indiamike Mod team............ puchoo.wordpress.com

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Sep 3rd, 2008, 21:38	#2
sannna Senior Member Join Date: Mar 2008 Location: Amsterdam Posts: 493	I can't help you very far, but generally big deposits (like a couple of months up to a year rent in advance) seem to be considered quite normal. I don't know whether this also applies for short-term rentals, and how it works with getting your money back.

Sep 3rd, 2008, 22:12	#3
jeyo2000 Member Join Date: Aug 2008 Location: Lucknow Posts: 13	thanks for the reply! So a couple of months rent in advance is possible? I really feel that putting down as small a deposit as I can would help us alot later when we want to move and we are not feeling bad for putting a rs 40-60,000 down and having to go through alot of hassle. If it is possible to get accomadation with even 6 months advance I would less stress about that. thanks again! Jemal

Sep 13th, 2008, 03:01	#5
chrisito Member Join Date: Jun 2006 Location: Mumbai Posts: 16	My experience and experiences of people that i know has been that the deposit for most properties is very big compared to the rent... not too sure why that is- fear of not getting the rent, historic reasons re bombay rent control act. One way to get round it is to offer to pay rent up front (which naturally has its risks) or offer to give prepaid cheques, or perhaps a combination of both. I have found that by being friendly and reasonable but firm, that you can negotiate a compromise.