Leasing Your House: A Quick Guide

According to Goenka, "However, a tenant will expect the basic amenities. The leaser can take into consideration all the amenities that he is providing while computing the rent," reports Economic Times.

Furthermore, the demand for property or the location where your house is placed also increases rent value.

Does housing society have a say while leasing out property?

In case of apartments, owners have legal right to put their property on lease yet, the housing society plays a role where the property is located has involvement in it. "Individual societies are legally empowered to deny tenancy based on their by laws. However, they have no constitutional right to do so," According to Om Ahuja, CEO, residential services, Jones Lang LaSalle India.

According to Goenka, it is a known fact that housing society denies tenancy based on lessee’s food habits as well as marital status but such kind of decisions can be defied in the court of law. He further added that "There have also been instances where people with pets have been denied tenancy, but the society can be taken to the court for this," he adds.