At present, people who are having more than one property or have big
houses (size/area) and belong to middle class are utilizing that
property as rental unit or renting that unit. The very basic reason for
renting property is to earn profit and income on regular basis. In case
of own property, the owner has complete right to use the property and
the same can be renovated and changed as per the choice of owner.
Landlords can use and maintain their properties as per their choices and
preferences.
Thus, in case of own property, the landlord has
complete authority on their own property. As it is well known that the
property rates are rising every moment at a very high rate, and to
afford any property whether in Delhi or NCR is slightly tough job. In
this case people who buy residential house are offering rental space and
prefer to rent it out to others to make money so that it will be easy
for them to manage to pay for that house with no financial problem. This
process is very much prominent now a days and almost all whether they
have one property or more than that are using this process to earn money
to pay for that property or for extra revenue.
Rental
Space: Apart of residential units there are so many people who are
investing in business units by having more than one office spaces and
rent it out or sold out those commercial units at a very high rate as
compare to the actual value. This is again a very easy way to make
money. As per the current scenario, no all people can afford to buy
residential or commercial space property in India and
as a result they have to hire an rental space for the purpose to reside
or to start business and for that they have to pay monthly rental as per
the set terms between the landlord and tenant.