Properties are of mainly two types - residential and commercial. The properties that are consumed for residential usage, like houses, apartments, floors, villas, etc., are called residential properties. While on the other hand, the properties used for commercial purposes like offices, trading centres, complexes, malls etc which are used for carrying out business and earn profits is called commercial properties. So for any of the above mentioned activity, one needs a property. But because of the results of recession there is a huge price rise in the rates of properties and as a result, people are preventing themselves from investing in to the real estate business. So the only way that is considered as its alternative is RENT. Rent is the way through which people can satisfy their need of properties without taking any risk in this inflation period.

Properties on rent are available in both, commercial as well as residential segments. To find out with ease, there are brokers and agents available in the market who are experts and help their clients find out the suitable property. They are also expert in dealing with the rent contracts which are yearly based as well as monthly based. The renter has to get bound with certain rules and regulations while renting the house with the owner. These norms and conditions depends on properties. But some are common like no scratching on the walls, pay for the damages incurred by the renter, late night parties etc. These were the rules that abide residential properties. But for commercial properties there are 4 different rules. The proprietor has to follow various rules and regulations abide by the commercial property. The yearly based contract is considered to the extent after the completion of an entire year. So damage to the property due to the business activity is supposed to be incurred by the proprietor. The renter has to bare the charges of paint and other repair charges when he leaves the property. All these terms and conditions are decided during the signing of the contract.