What is Homzhub?
How does Homzhub works?
Homzhub is designed to help owners and investors manage their property portfolio efficiently from anywhere in the world. You could be taking your dog for a walk, living in USA and still be able to manage your property portfolio.
Homzhub Works in 4 simple steps -
What are the services offered by Homzhub?
Homzhub offers a range of services to help real estate investors manage their property portfolio from anywhere in the world.
See the full list of services here.
In which cities Homzhub services are currently available?
What is the difference between Do it yourself and Homzhub management services?
I dont know what the market rates for my property are. How much should I charge the tenant?
With the Homzhub Letting Services, you are assured to get rentals at or better rates than the market price. We will provide price details for your properties to benchmark the current market trends for rentals.
What happens if I check the price negotiable box?
If you decide to check the price negotiable box then you leave room for the prospective tenants to negotiate and agree on the final rentals/purchase price agreeable to both.
What happens if someone has scheduled a visit to your property?
What is Tenant background check?
Homzhub Assured services were introduced to provide peace of mind to the owners. It helps Owners to decide whether the prospective tenant should be trusted with the property or not.
We perform a series of checks using primary and secondary sources to put together a detailed profile of the prospective tenant.
What background checks will you perform on the applicants? Are they reliable?
We perform a series of background checks, to establish the identity and credibility of an individual.
The checks are –
Criminal history is checked to ensure that the applicant is or was not involved in any kind of anti-national or anti-social activities.
Employment History Verification -
We also check with the applicant’s current employer to verify the employment records.
Once we perform these checks, we send a detailed copy of the background check report to the owner, so that he can be assured of the identity of the individual who will be occupying his property.
*We respect the confidentiality of all our clients and share no private or sensitive information through these reports and take full consent before performing these checks.
Who pays for the background check?
The fee for the Background Verification is a part of Homzhub Complete Care.
If required, Owners can buy the Homzhub Assured service individually, to perform the background verification on any of the prospects.
What is Leave and License Agreement?
As stated in the Indian laws, The "Leave and License", is an easement right and is defined and governed by the Indian Easements Act, 1882.
A leave and license agreement ensures that there is no transfer of interest from the licensor to the licensee. It is a license to occupy and use the premises for the mentioned duration on the mutually agreed terms. If the licensee continues to occupy the property upon the cessation of the license or the prescribed notice period, they will be considered as
What is the process of registering the Leave and License Agreement?
The steps to register a Leave and License Agreement are-
To complete the process of registration, the rental agreement would require signatures of all the attending parties in the presence of a registrar officer.
Is it possible to register the Leave and License Agreement online?
Yes, but currently this facility is only available in Maharashtra. You can contact Homzhub to execute Leave and License Agreements online.
What are the documents required when registering the Leave and License Agreement?
To complete the process of registration the owner and the tenant would be required to present certain documents to the SRO.
Documents to be presented by the property owner for registration –
Documents to be presented by the Tenant for registration –
Is registration of Leave and License Agreement necessary?
Homzhub recommends that one should always register the leave and license agreement.
Leave and License Agreement acts as your insurance if you ever find yourself in a situation of a dispute with your tenant.
A property in dispute ceases to be a financial security or a source of income, consequently reducing all your chances of turning a property into an asset.
You should keep in mind that a leave and license agreement printed on a Stamp paper is not legally enforceable if not registered at the Sub-Registrar Office.
Once the Registration of a rental agreement is done, both the Owner and the tenant would be able to ensure complete transparency which is in the best of interests of both the Landlord and the Tenant.
What is the maximum duration of Leave and License Agreement?
How can I renew the Leave and License Agreement?
I am an NRI, do I need to come back to India to register the leave and license Agreement?
No, you don't. Like we already mentioned as a part of our services we help you take care of all legal formalities. If you are outside the country and are unable to come, we will send you a POA document which you'll need to sign and get notarized. Homzhub will guide you through the entire process.
If the tenant is creating a problem what can I do about it?
According to the terms set in Leave and License agreement that both the parties signed, you have the right to give the notice of eviction to the licensee occupying your property. The tenant then has to vacate the premises before the notice period ends.
I am not happy with the way my property is being managed. Whom should I contact?