Aki: Hey Nikki, Are you ready?
Nikki: Itni bhi kya jaldi hai…Sunday hai aaj and we have already spend the first half with your broker.
Aki: I thought we would go out for dinner.
Nikki: I know what you want to discuss at dinner. But I am telling you I am not fully convinced with Raj.
Aki: He is the best and the only option we have for now to find a 2 BHK flat on rent in this area.
Nikki: Agree. But I am not paying him a single penny till he actually finds us a house.
Aki: Didn’t you go through his presentation?
Nikki: I was actually not interested.
Aki: That’s why you still have so many queries and doubts.
Nikki: I believe you have gone through it thoroughly.
Aki: Yes. I have.
Nikki: So, tell me what will he charge us for finding a 2 bhk rented apartment in Akurdi or Chinchwad area?
Aki: So, what I understood from his presentation is that he will charge us 2 months brokerage.
Nikki: You mean 2 mahine ka bhada usko Dena hai…
Aki: True.
Nikki: You are crazy Aki…is it free money that you want to spend.
Aki: Then why don’t you ask your aunty to find one for us.
Nikki: Hey don’t go on my Aunty.
Aki: Ok chill dear. Let’s understand this that he will be charging us only once we take the property. “Dekhne ke paise nahi lagte”. You know like WINDOW SHOPPING.
Nikki: Really…We can do window shopping of flats also.
Aki: That’s what I am trying to tell you.
Nikki: Fir bhi. 2 months brokerage is way too high.
Aki: Did you understand all the services he is providing?
Nikki: Flat dikhane Ko service nahi Bolte.
Aki: You know what? These website guys are only sharing you the contact numbers of the property owners and you pay them happily for their SERVICE by swiping my credit cards.
Nikki: ok….but still 2 months is exorbitant. Who will be responsible is there is any problems in the flat?
Aki: He. I mean the broker.
Nikki: If there are any issues created by the landlord. Who will resolve it?
Aki: Obviously the broker.
Nikki: Who will take care of the legal documentation?
Aki: The broker?
Nikki: You mean to say showing the flat, coordinating with the owners and us, getting the leave and license agreement and handling all the tantrums shall be done by Raj.
Aki: Yes dear.
Nikki: And what about the negotiations?
Aki: We have given our budgets to him. Now rest is his scope of work. We don’t have any headaches.
Nikki: Really. You must be kidding. Why will someone take a headache of years for such peanuts of money.
Aki: Exactly. So, it’s actually worth to pay him…
Nikki: Hmmm. Maybe you are right. By the way what is the amount we have to pay him.
Aki: I have finalized him on one-month brokerage it should be between Rs. 25000 to Rs.30000.If you are comfortable now should I ask him to start working on our requirements.
Nikki: If I don’t have to do anything. I actually don’t mind.
Aki: Alright so let me give a call to Raj and ask him to work on our requirements.
Nikki: Finally some work will start on my desired home.
Aki: You mean dream home?
Nikki: Naah!…dream home is the one you will buy for me.
Aki: OMG! I am out of words… Let’s hope for the best and target on this rented house first.
Nikki: Wait a sec my smart hubby! If I am not wrong the rental agreement shall be of 11 months, so after that.
Aki: Good question. Post 11 months we shall either renew the agreement with the increased rental or we shall vacate the premises.
Nikki: Alright! so in case we decide to continue staying in the same premises, we have to register the agreement, again right?
Aki: Right!
Nikki: So, do I have to pay Raj again?
Aki: Nope. Not at all. The brokerage has to paid only once. We don’t have to pay him every time we renew the agreement. On the legal charges for executing the agreement has to be paid.
Nikki: That sounds perfect. In the long learn if we continue residing in the apartment the amount paid to Raj shall be negligible and I don’t think so it will affect our pockets also in anyways. We should go ahead with Raj. Yup! I am sure he will be of great help.
Aki: Awesome Nikki! Finally, you are convinced.
#Note:
1. Always work with RERA registered brokers only.
2. Clarify your requirements and also give them in writing to the broker to avoid any confusions.
3. Don’t pay any advance to the broker.
4. No brokerage is paid on renewal of agreements unless you require some services from him.
