Properties for Sale by Peninsula Land

For a tenant to enjoy a comfortable stay in his rented accommodation it is imperative for him to screen the landlord. We suggest five ways in which a tenant can do it.

Renting by room is a win-win situation for both the landlord and the tenant. While the landlord can earn a higher income, the tenant can live on a much lower monthly expense. But, there are challenges, too. Let us look at how a landlord can make the most of his rental property.

Planning to move into a rent-by-room apartment? Here are certain things that you need to keep in mind before taking a decision.

From June this year, the government has made it mandatory for such renters to deduct five per cent TDS (tax deducted at source) and deposit it with the income-tax department. The move will ensure that people do not claim high house rent allowances using false documents. It will also pressure landlords to reveal their real rental income.

Estimates show that sub-letting is gaining prominence among tenants living in the national capital region. Mostly, these are people who are either living alone or have a nuclear family and want to better utilise the space. However, you have to consider certain things before sub-letting your rented accommodation.