- Check the Location and infrastructure in which your property would be.
- Check the Duration of the Lease as the longer the lease better the flow of income.
- Make sure that Return on investment is satisfactory and as same as properties nearby.
- The lock-in Period should be of at least 2-3 years and make sure that it is the same.
- Inquire about the Exit Causes for the tenet and make sure that the warning period is mutually decided.
- Lease rent to be paid at least once annually or else you will be stuck without any revenue.
- Make sure that the tenure of the lease is completed or renewed before you buy that property
- Check the Circle rate of properties in that area.
- Make sure that there is no Loan on the property.
- Research about the Illegal construction of the property and avoid if there is something that can cause issues in the future.
- Dues on Property should be cleared completely by the seller.
- Have open communication regarding the Recurring expenses such as maintenance and power charges with your tenants.
- Company transfers are often tricky and thus make sure that you get your satisfactory deals.
- Check the price of vacant property in that area before making the deal.
- Research regarding the Future development of the area as there is always capital increase in premium areas.
- Inquire about the reasons why and if the properties nearby are vacant.
- Most essentially, get the help of an expert in these matters if needed as they know the best.
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