Our Mission Is To Find Right Investment
House of Leasing (HOL) was started with a clear and focused mission to serve the client with atmost priority and impeccable trust with transparency.
Realty is the most globally identified sector which is proportionately connected to GDP . Rapid civic growth in the nation and increasing household income are the main key drivers that are pushing the growth of real estate in the country. However, getting into a property transaction isn’t always a cakewalk and might often result in taking up the wrong decisions.
At HOL, we are set to change it in favour of our customers and strive to keep our customers in the utmost priority rather than the property. Our specialised real estate experts have an extensive area of expertise of the market that offers crystal clear services to cater to the needs of individual property investors. We at HOL, offer exceptional advice and pragmatic solutions to the real estate challenges encountered by the home buyers.
Our journey in the Indian real estate sector began in the year 2010 and in a small span of time, we have accomplished client satisfaction and trust by efficiently serving our clients with the unmatched advisory services. As we follow a customer-centric approach, our team of dedicated professionals always devote personalised attention to their respective clients.
HOL is operated by a group of persistent ambitious and idealistic visionary investors. We are standing tall to be the credible and most trusted reliable investment consultant in India.
Let’s Understand Leasing
A lease is a form outlining an agreement between a lessor and lessee that dictates how long an asset or property will be rented, as well as other housing-related stipulations.
As a rule of thumb, a lease agreement covers an extended period of time known as the “term”. With regard to real estate, the term of a lease typically lasts for one year.
A lease does not automatically extend past the end of the term, and a lease renewal will need to be drawn up in order to continue using the property.
Some lease agreements include a clause allowing the tenant to continue a month-to-month tenancy after the lease term ends.
Leases can be used to cover all sorts of property, such as:
- Commercial Real Estate
- Tools or Equipment
Lease agreements are binding legal documents. The terms of a lease agreement cannot be modified, and both the tenant and property owner must honor the agreement.
There are exceptions, however, and amending a lease agreement is possible — although both the lessor and lessee must agree upon the amendments in order for the changes to be valid.
What Does it Mean to Lease a House?
Leasing a house offers tenants the sense of security of living in a home, as well as the flexibility of not having to purchase a property.
As with any lease, the terms of the document determine how long you can rent the property, the agreed-upon monthly rent, and other miscellaneous conditions such as required maintenance of the house or yard.
Unlike leasing an apartment, landlords that are leasing a house may also include an “option to buy” or “rent-to-own” clause in the lease agreement. Under a lease with the option to buy (and depending on the exact terms of the lease), every rental payment acts as an investment toward a down payment on the house.
Rent-to-own agreements are an attractive option for many individuals or families that have trouble securing a mortgage loan.
How do Apartment Leases Work?
When deciding between leasing an apartment vs. renting, it’s important to consider how long you’re willing to rent the unit.
Are you okay with living in that apartment building for at least a year?
If you aren’t and would rather have something more flexible, perhaps signing a month-to-month rental agreement or subletting the property to another tenant with a sublease agreement is a better fit for you. However, make sure you aren’t asking the question, “What is subletting?” before you sign anything.
For instance, a college student who plans to leave town each summer may not be able to fulfill a long-term lease and the alternative leasing options mentioned above would be ideal in their situation.
If you do decide to lease an apartment, an apartment lease operates the same way as leasing a house — albeit without the option to purchase the apartment unit or building.
If you’re planning on renting an apartment, you’ll almost certainly be required to sign a lease agreement.