Why is it so hard to find a House for rent in Chennai?
Are you one of them who are finding a house for rent in Chennai? But failed to get it. That is the most common problem most people are facing today. Tolet boards are all around, but brokers demand one month's rent as a commission. It's a very terrible experience for anyone who wants home urgently.
1) Huge Deposits
2) Charged Huge Commission By the Broker
3) Privacy Problem
4) Unaffordable Rent
5) Doesn't Get Complete Refund On Deposit
6) Rent Inflation
Huge Deposit:-
One of the most common problems of every tenant is the demand for huge deposit amounts by landlords. Even in Some cases, property owners demand a whole year's rent as a deposit at the time of agreement. It isn't very pleasant. And because of limited available options, tenants forcefully do this.
Charged Huge Commission by the Brokers:-
That's not new stuff. It's the oldest problem of tenants what facing until while finding a rental house in Chennai. It's a very harrowing experience. Brokers mislead and charged a huge amount of brokerage. As well as don't provide required stuff by tenants. Deal with brokers is usually a pain for buyers, sellers as well as tenants. Normally brokers take 15 days' rent as a commission.
But In some cases, they demand one month's rent as a commission. They don't care what your need is. They want their income.
Privacy Problem:-
Some landlords have proven to be a headache for tenants. They are too positive about their property. Even they start taking an interest in their personal life. They start teaching the tenants what they have to do and what they don't do. Renter is nothing to do with this because there is no option for him while he continues to be living under their roof.
Unaffordable rent:-
Nowadays, many problems arise while finding a house for rent in Chennai due to unaffordable rent demand. Many brokers or agents demand the customer for their commission while searching for a rental house in Chennai. Due to unnecessary extra demand by agents, people are badly desperate. Rent is a necessary burden for every tenant when he has planned to shift to another place. It happens due to the extra charges by landlords for other amenities. Currently, the rent is high; it is more painful for tenants so that many tenants aren't at their home of choice for this purpose alone. If you want to find a rental house in Chennai without a broker, it is also possible, but it can take too much time. Or maybe it could create trouble for some choices like locations, amenities, security, etc.
Doesn't get a complete refund on deposit:-
It is a basic term for every tenant when he considers a house for rent; he has to pay some security money. The homeowners charge it about maintenance charges, painting, and other damage. When the tenant leaves the house, only a partial amount of this security deposit is returned. An agreement between the owner and the tenant while renting a house.
Randomly increasing rent:-
As we know, big cities like Mumbai, New Delhi, Bangalore, and Chennai charge high prices for rent. These prices increase with time and demand. The homeowners increase the demand on an annual basis without considering factors such as the conditions and property maintenance. They like to collect extra amounts for the tenants, which are their profits. And the other way they decide to vacant their property is if someone is not ready to increase rent yearly.
If you are a tenant and facing above listed issue, then you can try an online real estate portal named Honest Broker. Who offers you broker free deal while Buy, Sell, Rent Property in Chennai.