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UHi everyone,
I’m looking for legal advice regarding taking a flat on lease in Delhi (west Delhi). We are considering a 3 year lease with a 20 lakh lease amount, and I want to make sure we take proper precautions before signing anything.
My main concern is safety of the money. How can we ensure the owner returns the lease amount after 3 years? I’ve also heard of cases where properties already have bank loans or legal disputes, which can create problems for the tenant.
Could someone please guide me on:
– What documents we should ask from the owner
– How to check if the property has any loan, mortgage, or legal case
– What clauses should be included in the lease agreement for safety
– Any general red flags or precautions to keep in mind
Any advice would be greatly appreciated.
Thank you!
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