Nestaway Owner Agreement

If you are planning to rent out your property in India, you may want to consider signing up with Nestaway. It is an online housing rental platform that helps homeowners find suitable tenants and manage their properties hassle-free. However, before you sign up, it is crucial to understand the Nestaway owner agreement and the terms and conditions involved.

Firstly, the Nestaway owner agreement is a legally binding document that lays out the rules and regulations for renting out your property through their platform. It covers everything from the rent amount, security deposit, maintenance charges, and the duration of the agreement. It is advisable to read the agreement thoroughly before signing up and seek legal advice if necessary.

Secondly, Nestaway operates on a revenue-sharing model, where they charge a percentage of the monthly rent as their fee. This fee includes all the services provided by Nestaway, such as finding tenants, managing the property, and handling maintenance requests. The exact percentage charged by Nestaway may vary depending on the location and type of property.

Thirdly, as an owner, you are responsible for providing a safe and habitable living space for your tenants, which includes ensuring that all the necessary amenities are in working order. Nestaway recommends that owners carry out regular maintenance and repairs to keep the property in good condition and avoid any legal issues.

Fourthly, Nestaway provides homeowners with an insurance policy that covers damages caused by tenants or natural disasters. However, the policy does not cover damages caused by the owner`s negligence or intentional actions. As an owner, it is your responsibility to ensure that your property is adequately insured.

Lastly, Nestaway allows owners to set specific rules and restrictions for their tenants, such as no smoking, no pets, or no parties. However, it is essential to ensure that these rules do not violate any of the tenant`s fundamental rights.

In conclusion, the Nestaway owner agreement is a crucial document that outlines the terms and conditions for renting out your property through their platform. It is advisable to read the agreement thoroughly, seek legal advice if necessary, and ensure that you understand all the terms and conditions involved. With Nestaway`s hassle-free management and services, renting out your property has never been easier.