Looking to rent your property in Bangalore? Here’s a guide to renting out property in Bangalore.
Renting out property in Bangalore sounds like easy money… until you’re stuck with a tenant who treats your 3BHK like a weekend frat house.
Between dodging rental scams, chasing overdue payments, and deciphering BBMP tax rules, being a landlord can feel like a part-time job.
But what if you could attract quality tenants, earn 20% higher rent, and sleep peacefully?
Whether you’re a first-time landlord or a seasoned pro, this guide to renting out property in Bangalore spills the masala chai on renting smarter in India’s Silicon Valley.
Let’s roll!
Step 1: Know Your Market (What’s Your Goldmine Worth?)
“Why do identical flats in Koramangala & Yelahanka fetch wildly different rents?”
Bangalore’s rental demand is hyper-local. A 2BHK in Indiranagar (₹35–50k/month) can earn double the same flat in Bannerghatta Road (₹18–25k). Do this:
- Research Platforms: Check Nobroker, MagicBricks, or Proptals for real-time trends.
- Factor In Perks:
- Gated society? Add ₹3–5k.
- Fully furnished? Add 15–20% premium.
Pro Tip: Target IT hubs (Bellandur, Sarjapur) for corporate tenants or students near colleges (Jayanagar, Malleshwaram).
Step 2: Legal Prep – Don’t Skip This (Seriously!)
“One illegal floor = ₹50k fine + sleepless nights.”
Bangalore’s rental laws are tenant-friendly. Protect yourself with:
- RERA Registration: Mandatory if your property was built after 2017.
- BBMP Tax Receipts: Prove you’ve paid property taxes (avoid “I’ll pay later” promises).
- Occupancy Certificate (OC): Critical for apartments.
- Police Verification: Submit tenant details to the local station (it’s the law!).
Red Flag: Tenants refusing police verification? 🚩 Run.
Step 3: Stage to Seduce (Yes, Even for Rentals!)
“Would YOU rent a dingy, spider-infested flat?”
Spend ₹10k–50k to boost appeal and rent:
- Deep Clean: Hire professionals (₹3k–5k) to scrub bathrooms and kitchens.
- Paint & Repair: Neutral walls (white/beige) + fix leaky faucets.
- Furnish Strategically:
- Basic: Beds, wardrobes, modular kitchen (rent premium: 10%).
- Premium: Smart TVs, ACs, work desks (rent premium: 20–25%).
Proptals Hack: Use our partner network for painting, cleaning, and furniture rental discounts!
Step 4: Advertise Like a Pro (Ditch the “To-Let” Board!)
“Your Instagram Reel > Boring OLX posts.”
90% of tenants start their hunt online. Optimize your listing:
- Photos: Bright, high-res shots of every room + society amenities.
- Video Tour: A 1-minute clip (use your phone!) showing sunlight, parking, and security.
- Keyword-Rich Description:
- “2BHK for rent in HSR Layout, semi-furnished, 5 mins to Metro, 24/7 water backup.”
- Platforms That Work:
- Facebook Groups: “Flats for Rent in Bangalore” (2L+ members).
Proptals’ Verified Tenant Network: Pre-screened corporate tenants.
Step 5: Screen Tenants Like a Detective (No Compromises!)
“That ‘chill’ bachelor could be a party monster. Verify!”
Bangalore’s rental scams are wild (fake IDs, vanished tenants). Cover your bases:
- ID Proof: Aadhaar, PAN, passport (for NRIs).
- Employment Check: Call the HR of their company.
- Previous Landlord Reference: Ask about payment delays or property damage.
- Income Proof: Salary slips (rent should be ≤30% of their income).
Storytime: A landlord in Whitefield avoided a ₹2 lakh disaster by spotting a tenant’s fake Infosys offer letter during screening.
Step 6: The Rental Agreement – Your Legal Shield
“Verbal promises won’t save you. Get it in writing!”
Your agreement should include:
- Rent & Deposit: Standard is 10 months’ rent as a deposit.
- Maintenance: Who pays? (Usually tenant for minor repairs).
- Exit Clause: Notice period (1–2 months), penalty for early exit.
- No Subletting: Unless you approve it.
Proptals Perk: We’ve got sample rental agreements drafted and ready. Yup! It’s legally approved as well.
Step 7: Manage Like a CEO (Or Outsource It)
“Chasing rent on WhatsApp is not passive income.”
Choose your management style:
Option | Pros | Cons |
|---|---|---|
Self-Manage | Save money (₹0 fees) | Time-consuming |
Property Manager | Handles rent collection, repairs | Cost: 10–15% of rent |
Proptals Property Management Service | End-to-end service, legal support, repairs | Fixed ₹5K/month fee |
Pro Tip: Engage Proptals Property Management Services to automate rent tracking.
Step 8: Handle Deposits & Taxes Like a Pro
“Where’s my deposit?” said every angry tenant ever.
- Security Deposit: Return at the time of exit (minus deductions for damage + painting charges).
- Tax Savings:
- Deduct 30% for maintenance & property taxes.
- HRA receipts? Provide them monthly.
- GST: Only if rent exceeds ₹20 lakh/year (rare for residential).
Pitfalls to Dodge
- Ignoring Maintenance: Broken doorbells = tenant complaints.
- Casual Renewals: Update agreements yearly (rent hikes!).
- No Exit Inspection: Click before-after pics to avoid deposit disputes.
FAQs on Guide to Renting Out Property in Bangalore
Can I evict a tenant quickly in Bangalore?
No, you can’t evict a tenant quickly in Bangalore without following the legal process. This process includes serving a notice to the tenant and filing a petition with the Rent Control Board if necessary.
How much rent can I increase yearly?
A typical yearly rent increase is between 5% and 8% of the current rent, though the exact amount can vary depending on local regulations and the specific lease agreement. The rent escalation is mutually agreed upon when signing the agreement.
Are pets allowed?
Yes and no. It depends from owner to owner. Some may allow you to keep pets, while others wouldn’t. In some cases, homeowners ask for a higher deposit, if you want to keep pets inside the house.
Why Partner With Proptals?
We turn landlords into stress-free moguls:
- Tenant Screening: 7-point verification (employment, background, past history).
- Rent Guarantee: Get paid even if the tenant defaults.
- Maintenance Network: Vetted plumbers, electricians, and cleaners.
Success Saga
- Mrs. Rao’s 3BHK in Koramangala: Rented to an MNC employee at ₹65k/month (30% above market!).
- NRI Landlord in Dubai: Remote management handled via Proptals Property Management Services
Ready to Rent? Let’s Turn Your Property Into a Cash Machine!
Contact Proptals for a FREE rental assessment + listing.
PS: The first 20 landlords get 1 year of FREE maintenance support!