Renting your home for a period definitely generates great income when youhave an investment property or traveling or shifting city. Whatever the reasonis it can be a good financial support.Have you ever wondered how to rent your property or what are the legalities involved and what precautions you musttake before renting out your property? Let me help you.How to rent your house?1. Hire a rental agent: Considering a rental agent will make your taskeasy and comfortable. He will note down all your requirements andconditions and accordingly find the tenant. There is a fee that the agentwill charge for his service. It is a good idea to clear the fee structurebefore taking his/her services to avoid any conflicts later.2. It is good to keep your property neat and clean when you want to find agood tenant.3. Keep a check on plumbing, wiring and painting. A well done house canfetch good tenants.4. Screening of the tenant: It is a must for the owner to check outthe credit history, employment, references and the past landlordsverifications to know your tenant better because what looks good notnecessarily be good.5. Rental period: For how much period you want to rent your property. Itshould be decided at the time of agreement otherwise you cannot revertthe contract.6. With Furniture or without: You need to decide in advance whether youprovide furniture or not. Because a normal wear and tear charge will beincluded in rent if renting property with furniture.7. Pets or no pets: if you don’t want pets in your house then make it clearbefore the agreement to avoid any dispute later on.8. Deposit: If the tenant is using your furniture, has pet or not soundfinancially whatever the case is you must take a good amount of depositto safeguard your property and things inside it. Even though the tenantis not having any of the above problems still it is advisable to take adeposit.9. Inform the neighbours: It is your social responsibility to make yourneighbours aware of the new tenant so that you could be well informedabout any abnormal activity or behaviour of the tenant.Rental agreement:It is the integral part of renting any property. The rental laws vary from countryto country and state to state. A rental agreement refers to a relationshipbetween a landlord and a tenant. It is a legal binding between two parties. Itcan be small or long as per the terms and conditions decided by the landlord.The landlord should get the agreement registered.- Ruchi Mahajan.