Renting issue.. Kolkata's rental stresses have continued to worsen, with new data suggesting rental prices are surging – leaving would-be tenants unable to move into the market.
The September Prop Track Market Insights report found that the share of properties listed for rent on real-estate websites for less than INR 6000 per week had fallen to a record low of 11.6 per cent last month.
This figure has plummeted by almost 50 per cent, down from 20.1 per cent recorded at the start of the pandemic. Homes were even more difficult to rent, with only 5.9 per cent of houses listed for rent under INR 6000 per week – down from 10.9 per cent in October last year and 17.3 per cent at the start of 2020, a drop of around two-thirds.
Property trackers of economic research said that as the supply of rental properties continued to tighten, the number of listings under INR 2000 per week would reduce even further into 2023.
Much of these rental stresses are a by-product of rental supply remaining the same as well as rapidly rising interest rates, in current times.
A tenant is someone who pays rent for the place they live in, or for land or buildings that they use. Regulations placed clear obligations on the landlord for the benefit of the tenant. Landowners frequently left the management of their estates to tenant farmers. The first is a fixed- term agreement and second, a periodic tenancy agreement. A fixed-term tenancy has a definite commencement date and expiry date. A periodic agreement has a commencement date with no expiry date. There are three types of Tenancy Agreements in India, namely, rent agreement, lease agreement, and leave and license agreement.
Both tenants and landlords are unhappy whatever be the cause but in every city of India there are lot of tenants waiting to get a good deal, any given day.
One of the worst problems landlords face is to vacate a property. The most successful landlords or property management firms have low vacancy rates. Not only does a vacancy mean no rental income is coming in, but it is also actually costing money to advertise and prepare for occupancy. What are the ethical issues facing the landlord? Unethical practices of landlords Abuse of tenants. Unfair rents. … Incidence: … Irresponsible social designers. Forced evictions. … Unethical real estate practice. … Inadequate housing. … Financing rental housing. … Amenities Housing, tenants.
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