Renting out your home while living overseas can be quite profitable, especially if you know how to make it happen. When we say profitable, we mean that your property isn't sitting empty but is instead bringing in a lot of money for you. A valid rental agreement is the best method, and Property Management Companies Bangalore, like Oro Proptech, is the best option to help you. Your rental contract should include information like the rent payment and lease length in addition to the terms and conditions under which the property is rented. What considerations should every NRI make while signing a lease for a home?
Let's look at it.The details of your rental contract

As a legal document outlining your offers and demands from the agreement, the details of the house rental agreement are of utmost importance. We'll quickly go over a few points you should take advantage of.

  • The house's current condition: Given that you are not free to visit your home frequently, it is crucial to describe the house's current condition in the rental agreement. Making your rental agreement clear and keeping track of the damage to your rental assets will be made possible by keeping a record of the condition of the house and a list of the items you have rented out, such as a sofa or kitchen chimney.
  • Rent inclusions and exclusions: Are maintenance fees included in the rent? What is the security deposit, and is it refundable? Who will be responsible for any damage-related expenses? What method of rent payment will there be each month? Since renting involves more than just getting a check at the end of each month, it is best to address these issues in the rental agreement for the home.
  • Rent increases: In India, the annual rent increase is often between 8% and 10%, but base your decision on something other than assumptions. Create a diagram that shows exactly when and how the rent will be increased. It will protect you as a landlord from financial loss by mentally preparing your tenant to part with more money.


There is more to it, like the power of Attorney, background checks, etc.


For NRIs like you who wish to rent their property without delving into the details, OroProptech is the perfect option. They will help you even with filling Bangalore Rental Agreement Online. Their NRI property management services will assist you in finding the ideal tenants, conducting the required background checks, and creating a polished rental agreement.