Non-residents of India pass sleepless night if they own property or land in India. Its maintenance gives rise to unlimited worries which abandon their sleep. The leading query that frequently catches countless NRIs its prey is tenant management. Lending a house is quite easy but keeping a watch over tenants time to time is the toughest for all. Why is it so? Against this question of yours, I have some major reasons which drag NRIs to complexities and dilemmas if they hire a tenant:
Read MoreAuthor: Manoj Sodhani
How NRI Can Do Verification Of Tenants?
The only thing that keeps the mind of non-residents free from the tension of tenants is awareness. Tenants can cause headache if they don’t pay the requisite amount of the rent on the due date and keep on accumulating it as outstanding dues. Similar is the story of the utility bills, maintenance charges and repair expenses.
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How to Apply For CENOMAR in India and Philippines?
Will it not be shocking if someone stop you from getting married despite being consented? But this situation can be arisen before any Indian who lives in the countries, like China, Philippines, Indonesia, UK and so on. In India, it is not mandatory to have a licence of single status or bachelorhood. On the contrary, the situation of matrimony in the foretold countries is not the same. A Non-Resident of India (NRI) has to prove his/her single status prior to solemnizing marriage with the spouse of the foreign country. Therefore, NRIs have to produce CENOMAR or certificate of no marriage.
Read MoreComplete List of Documents for NRI Property Purchase
NRI Property purchase requires thorough study of what documents they need to have. Dealing in property is a complex procedure but a little bit of advance knowledge can save the migrants from becoming prey to fraud. However, NRIs prefer to deal in land, villas or commercial property in cash or they have an option of opting loan.
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How NRIs Can Pay Utility Bills?
NRI property management sounds easy but it is not. What if the tenant is not ready to either pay off rent or vacate the house? This situation is the most critical and troublesome because owner has to land here in India for taking legal action against the tenant. If the owner NRI is fortunate to have a good tenant then another fear factor penetrates his mind. This is of land mafia, who claims illegal right over his land. If so happens, he has to forget his right over his property for free.
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10 Steps to Get the CENOMAR
CENOMAR is a legal proof of an individual’s single status. It connotes ‘Certificate of No Marriage’. NRIs need it for job verifications, passport, visa and solemnizing marriage at the foreign ground. Some countries like Philippines, Malaysia, Indonesia and many more countries have made it mandatory to bring it along for establishing matrimony relationships with the foreigners. It is issued by the Ministry of External Affairs. S2NRI has been helping the Indian diaspora abroad in getting it.
‘MLS’ Can Be NRI’s Favourite for Property Investment
Innovation and discoveries in technology are demanded worldwide. Even, pan globe is crazy to imitate what’s new in this field. India is also one of them. Well, it’s all for the good. So, it is a wise idea to let people share the newness. After all, growth in economy will take place only when every sector will progress. Likewise, India’s realty sector is also in need of improvement.
