Tuesday, September 10, 2013

Things to check while opting for co-tenancy

Whether you are a tenant or a landlord, here’s the documentation you need to have in place before you consider the benefits of a shared, rented accommodation

Amit Shanbaug ,TOI

    In 2007, when Mumbai-based Priya Venkatramani saw an advertisement on a social networking site, she thought it was the answer to her prayers. “I was looking to share a flat since I could not afford one in central Mumbai due to the high rentals,” says the 26-year-old. “So the ad for a female roommate in the same area seemed like a timely break for me,” she adds. All Venkatramani had to do was pay around 15,000 as her share of deposit money to the roommate, and 6,000 as her share of rent.