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I had a quick query. Do these brokers also charge apartment owners in case of rental dealings? When dealing with brokers a couple of times, I felt like they either charge less to owner or not at all in some cases. They try to squeeze all the money from tenant.
But then, its just what I felt. Thus, I would appreciate if any of the members have concrete information. Today This Week This Month. Put yourself in of a flat owner. If you had a flat, will you rent out your flat through a broker knowing that he will charge you for it?
Unless the flat is in such bad condition or location that tenants are hard to find by, you won't. Comment Quote Like 0. Originally Posted by priyankt. Owner usually pays 15 days of rent to the dealer No - owner is never charged in case of house rental deals.
Broker is just trying his luck. There is no other answer to this question. I suggest that you pay the broker and ensure that your house goes on rent fastest as a broker will lease out the flat from where he gets his commission.
Secondly its better that instead of your house lying vacant for a month, it goes out on day one and you pay brokerage to your broker. That way he will try to get you a good deal and you dont have to run around for small stuff. Why use a broker if your house is in decent shape Owners five only when they are out of that town and broker also manages the property on their behalf as far as the maintenance is concerned.
I was wondering the same. Why don't owners put their properties online instead of giving it to brokers? Few reasons that I can think of are, 1. Owner is not in town investment property and need someone to show the property, handle calls, etc 2. Since owner is not charged brokerage, why to even take calls from tenants.
Delegate it to broker and relax. If these are the only reasons, then there might be some elegant solutions to this problem. Current online portals aren't that good and a better system can definitely be designed.
I was thinking of building one, but for that, I need some honest feedback for the probelm analysis. I think if someone is taking care of your apartment on your behalf, then half month rent should be enough as brokerage.
This will also add more customers to brokers as lot of people would find it worth spending half month rent as brokerage instead of finding property themselves which can really time consuming. Comment Quote Like 1. Few inputs for you based on my experiences.
Trying to be unbiased as much as possible. The number of queries i got from genuine buyers after i posted on mbricks,quickr.. So I thought maybe lots of buyers don't actually log on to internet sites and are more comfortable dealing with brokers. I also put a couple of ads on TOI. But nothing to beat brokers. Renting an apartment for myself.
Thought I will try to avoid brokerage here. Tried searching all over internet, news papers. Nothing significant came up. Finally payed 1 month brokerage and rented an apartment.
In case of resale and rentals as of now, brokers have total monopoly. You might try to avoid it. More often than not, does not work.
Now some of the reasons. That puts the onus on the buyer. So the buyer ends up paying bulk of the commission. Similar is the case while renting. Don't how things will be in a down market. Despite all this i do believe a system like "nobrokerage. That is because quite a few brokers do charge sellers as well. So if the seller is able to generate few good queries he might surely log on. The general practice of RE agents is this: Commission on rent Originally Posted by realacres.
This differs from city to city. For example, in Mumbai-Thane the norm is the landlord pays the broker 1 month rental, and the renter pays 1 month rental. In Pune, Landlord pays 0, and renter bears 2 months rental. In Noida, I read that brokerage can even be 0. Some brokers even charge brokerage on renewals, which is too much. This is true for Kalyani Nagar, one of my colleague does the same for past years. If he doesn't do it, the broker will tell the owner that the rent will now increase or the renter is bad etc, and will force him to vacate.
So before renting, please be clear on this part that you will not pay any money for any renewal. They also behave in an unprofessional and unpleasant manner if we do not abide by their rules and regulations. Its always good to choose professional services when you look out for a flat in metropolitan cities. I recently came across 'www. If agreement has not mentioned to pay one month charges at the time of renewal, then can we say no.
I don't want to pay for one month brokrage chagred to broker every year. Please suggest me on this. Overview of the Rental Property Market in India. Apartment owners wake up to a demolition - The Times of India. Apartment verification -previous owners of land. Apartment in the vicinity of chandigarh in lacs. Rental apartment in Gurgaon or around. Glimpses of best in world please do watch the video. The whole issue of buying an apartment in India. Subscribe to this thread to get latest updates.