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THE FINE PRINT: HIDDEN CHARGES THAT YOU NEED TO BE AWARE OF

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While most of the rental deals are negotiated around rent and deposit, it is pertinent to keep in mind the following costs that may increase the cost of living for the lessee.

Parking charges

Given the paucity of space in Mumbai, most residential complexes levy a charge for parking space for tenants. These charges could vary between Rs100-Rs1,000/month. Typically, these charges are payable by the licensee and are over and above the rent for the apartment.

Society NOC

Several societies in Mumbai levy a charge for providing NOC for renting out the apartment. This charge varies from a nominal charge of Rs100 to Rs10,000. The levy of such charges is typically borne equally by the licensor and the licensee. However, this is always subject to negotiation.

Move-in/Move-out charges

These are the charges levied by some societies as a cover for any damage that could happen to the facilities on account of bringing furniture into the apartment or at the time of moving out of the apartment. These charges are typically borne by the licensee.

Non-occupancy charges

Non-occupancy charges are payable by the owner to the housing society for renting out the apartment instead of occupying the apartment themselves. These charges can vary between Rs1,000-Rs20,000. The quantum of charges and the sharing of the same between the licensor and licensee should be clarified in advance.

Club usage charges

All residential complexes with amenities levy a charge on the tenants for the use of the facilities. These charges typically include (1) a refundable deposit and (2) monthly usage charge. Both these components may vary significantly across various complexes. These charges are also borne by the licensee over and above the monthly rent.

LPG versus piped gas

Piped gas is now available in most of the residential complexes in Mumbai. However, some apartments within the complex do not apply for the piped gas connection. It is always advisable that the tenant insists the owner to apply for the piped gas connection as it can result in saving of Rs200-Rs600/month for the licensee depending on the usage.

Star rating for appliances

The energy consumption as depicted by the star rating can swing your bill fromRs1,000/month to Rs2,000/month. While it may be difficult to ask the owner to replace the appliances for more energy-efficient ones, the tenant should keep in mind the tentative electricity cost that he may have to incur.

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