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Basic Guidelines When Hiring A Broker To Rent A Flat In Namma Bengaluru
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Dear Bangaloreans, I have been reading quite frequently about brokers scamming people, especially outsiders who are looking to rent a flat in the city. There are a lot of good brokers out there and they can really simplify your life when it comes to looking for a good flat. But please do keep in mind the below rules when hiring a broker.

Rule No. 1 - Always enquire about broker's fees before hiring him for the job. They usually charge one month rent as their charges. Do not make any commitments until you are clear of what you will have to pay him. Do not agree to any part payment of his fee. Insist of paying full brokerage fee after you have finalized your flat. That includes signing of agreement with the owner. Make this known to the broker clearly before you hire him.

Rule No. 2 - Communicate your requirements to the broker clearly so that he can help you find a suitable flat. If you expect a lot of visitors to your flat regularly, or if you want to cook non-veg at home, or if you come home late at nights, tell him these points. He will have a fair idea about the kind of rules the owners will have for their flats and can help you search for one appropriately.

Rule No. 3 - The broker will ask you for your budget. Always try and undervalue your budget. If you are ok to pay a rent of 20K, tell him your budget is 15-18K. Do not ever hint at your ability to pay a higher amount. Some brokers are known to inflate the rent prices to earn higher profits.

Rule No. 4 - If you liked a flat, always insist on talking to the real owner of the flat. Do not simply believe what the broker may say. If the flat has occupants, just have a causal conversation about their experiences staying there, their reasons for moving out and information about how the owner is can also help you. Clarify all the terms and conditions directly with the owner. Points to ask are handling water bill and electricity bill, conditions on visitors coming to the flat, parking space, monthly rent, 10 month deposit, veg/non veg preference, agreement copy, etc just to name a few. See if the owner is willing to negotiate the price. Most of them do. Insist on the actual owner being present for signing the agreement.

Rule No. 5 - Always pay the 10 month deposit directly to the owner of the flat. Do not pay this amount to the broker whatever the reason he gives. His job is to show you a flat. Not handling of deposits or any other fees related to the flat. If the broker insists on handling the deposit charges, its best to move on.

Rule No. 6 - Pay the broker his agreed upon fees only after you have spoken to the owner, both parties have agreed to all terms and conditions and the agreement copy has been signed. Do not make any payments to the broker before the signing of the agreement. If ever possible, tell the broker you will pay him his fee once you have moved in. Brokers usually go for the highest bidder. So if they come across another party paying higher for the same flat, they may get the owners also to change sides.

Happy house hunting.

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4 years ago