How Can NRI Manage Rental Agreement In India?

For NRIs to generate passive income in India, renting out a property has been the most preferred option. Whether it is a residential flat in a metropolitan city, a commercial space for business operations, or an old ancestral house in the suburbs, NRIs usually rent out their properties while they are abroad.

However, for NRIs, renting property out might sound like an easy game until you step into the field. Legal, procedural, and logistical complexities come unsaid. Another factor that requires complete attention is drafting the right rental agreement and managing it from abroad.