Tenant Management & Rent Collection for NRI Owners

Covers

Listing, visits, screening, agreement, rent follow-up, move-out

Your role

Approve the tenant and the agreement terms

Rent

Paid by the tenant directly to your NRO account

Finding and screening tenants

• Listing on SiddhiSadan with photos, rent and terms, keeping your number private.
• Handling enquiries and property visits.
• Identity and employment checks and references before you approve.
• Tenant police verification where the city requires it.

Rent agreement and move-in

• Draft agreement with rent, deposit, notice period, maintenance and lock-in clauses.
• Registration where state law requires it (for example leave-and-licence in Maharashtra).
• Move-in inventory with photos and meter readings.

Rent follow-up and TDS

The tenant pays rent to your NRO account. We follow up on delays and society dues, and remind the tenant of their TDS duty.

Rent paid to a non-resident owner is subject to TDS. From FY 2026-27 this falls under section 393(2) of the Income-tax Act, 2025 (it replaced section 195 of the 1961 Act): there is no threshold, and the base rate is 30% plus applicable surcharge and 4% health & education cess. The tenant needs a TAN, files the TDS return and gives you the TDS certificate. You can apply for a lower or nil deduction certificate, and treaty (DTAA) relief may apply.

Renewal, move-out and deposit

• Renewal reminders before the agreement ends.
• Move-out inspection against the move-in inventory.
• Repair estimate so you can settle the deposit fairly.