• The offer is exclusive for ICICI Bank customers.
• The customer has to provide ICICI Bank account details for all rental inflows.

• NoBroker will provide the following property management services to owner for 3/5 years
• NoBroker will assist the owner in searching and finalizing the tenant for the property
• NoBroker will collect monthly rent from tenant and deposit it in owner’s account after deducting its fee
• NoBroker will collect security deposit and deposit owner’s security deposit in owner’s account
• NoBroker will provide an inspection report to the owner once every 6 months
• NoBroker will verify the tenant and provide CCV (criminal court verification) report of tenant and biometric registration on chargeable basis (divided between Owner and Tenant).
• NoBroker will facilitate repair services for the repairs to be done by the owner as per the request of the owner
• NoBroker will assist the owner for police verification of tenant(s) as per the request of the owner
• NoBroker will transfer the rent (net of the monthly fee) by 10^th of every month; in case the transfer happens later than 10^th then late payment charges of Rs 50 per day to be payable
• NoBroker monthly fee of 8% of monthly rent for property management services with rental guarantee (Irrespective of tenant available or not, rent will be paid by NoBroker)
• NoBroker monthly fee of 5% of monthly rent for property management services with rental payment when the property is occupied.
• A refundable deposit of Rs. 10000/- (“Refundable Deposit”) will be initially collected per property from the owner which will be refunded with the tenant's third month rent (i.e. post completion of 3 months lock-in period).
• A security deposit of 3 months from tenant – 2 month security deposit to owner and 1 month to be kept with NoBroker (1 month) to manage early leaving of tenant and to make house rentable for next tenant home maintenance, painting, cleaning, etc.
• Calculation of monthly rent would be as follows:
• Tenant finalized by owner or tenant already staying – actual rent paid by the tenant
• Tenant yet to be finalized – NoBroker will provide free services (that would have 1 on-call relationship manager and 1 field relationship manager) to search the tenant for the property. Actual rent agreed with the tenant would become the Monthly rent and will take a maximum time of 30 days to finalize the tenant.
• In case, you find out a tenant before NoBroker finalizes then you are eligible to ask for stop the services and will refund the initial paid amount without any deduction.
• Start date of agreement – Move-in date of first tenant or agreement date whichever is later
• 1-month notice has to be given by both the parties to end the contract
• Every 11 months completion the rent will be hiked minimum 5% to maximum 10% and the same will update once the tenant is finalized. 

• NoBroker to be authorized representative of the owner to manage the property including collecting the Monthly Rent and Security Deposit on behalf of the owner
• 6 months lock-in period for tenant; 1-month rent to be deducted from the security deposit in case Licensee leaves before the lock-in period
• 15 days security deposit to be transferred by tenant as token money, which will become part of security deposit payable by tenant
• Contract duration of 11 months between tenant and NoBroker – the extension will be mutual including the revised rent
• In case of a negative report of CCV (criminal court verification), 2 months security deposit will be forfeited and tenant will have to vacate the flat with 1-day notice
• A security deposit of 3 months (or on actuals) from the tenant.
• Tenants will have to pay the monthly rent by 5^th of every month; in case the transfer happens later than 5^th then late payment charges of Rs 50 per day to be payable.
• Normal wear and tear expenses; damage to the house caused by tenant and utility bills to be borne by the tenant.
• 1-month rent to be deducted from the tenant's deposit to make the house rentable for the next tenant.
• Any move-in / move-out fee charged by the housing society to be borne by the tenant.
• Either party can terminate the agreement by giving 1-month notice post the lock-in period.

1. If NoBroker is not able to finalise the tenant within 30 days, the amount 10000/- will be refunded to the owner. 2. If Nobroker is able to find a tenant for your property in 30 days of time this 10000/- is refunded back to you in the third month rental. 3. If the owner gets a tenant from any other sources apart from NoBroker, the amount of 10000/- will be refunded to the owner.

Customers will visit

https://www.nobroker.in/prophub/property-management/property-management-in-india/?utm_source=icicibank&utm_medium=email&utm_campaign=property_management

or

http://nobr.kr/sv/QJ7Wd

give their details and will receive a call back from our executive to initiate the process further.

• Once the owner subscribes to the plan by paying Rs.10000/- of refundable security deposit, we initiate the tenant search for his property.
• For this, one dedicated phone relationship manager and field relationship manager is assigned to the owner who will update him regarding all the tenant interactions.
• Once the tenant is finalised, a property manager is assigned who will stay in touch with the owner and the tenant and will be a single point of contact for all grievances and services mentioned above.