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Why Join Us?
Who can become a member?
 
 
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» FAQ for Consultants/Agents
» FAQ - General
» Fixed Commission on Real Estate Transactions
 
 
 
 
 
 
 
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FAQ for Consultants/Agents

How do I join APRA?

It's very simple! In order to enroll for APRA membership, one can fill in the online membership form, attach the picture of the applicant and send us a mail about you and your company to info@apraindia.com for the executive committee's approval. We will revert back within one week after receving your application form.


How many days would it take me to become a member?

The form once filled will be put forth the committee for approval and will take one week before APRA sends out a confirmation.


How much would the APRA membership cost me ?

FEES:
1. Admission Fees  
a) Corporate Rs. 20,000/-
b) Individual/Proprietorship/Partnership/Pvt Ltd Rs. 10,000/-
2. Annual Fees Rs. 7,500/- ( 2nd Financial Year Onwards)


Who do I write to for specific questions/doubts on APRA?

info@apraindia.com


 What are the benefits of becoming an APRA Member?

Click here


Who are the existing Members?

Click here


Is APRA connected nationally and internationally?

Yes! We are connected with NAR-India (National Association of Realtors-India), NAR ( National Association of Realtors-USA ) and ICREA (International Consortium of Real Estate Associations) thus bringing APRA on a national and international platform.
 

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FAQ - General

What are the deposits paid to the owners of commercial and residential property for taking their properties on lease/rent?
Commercial property For bare shell/warm shell 6-12 months of the rental as deposit plus 1 month rent in advance
For semi furnished - fully furnished 8 -12 months of the rental as deposit plus 1 months rent in advance
Residential Property Unfurnished - 3-4 months of the rental as deposit plus 1 months rent in advance
Semi furnished - fully furnished 6-10 months of the rental as deposit plus 1 months rent in advance



What is the ongoing escalation/increase in rent per annum for commercial and residential properties?


Commercial property 5 - 10 % per annum
Please note: Companies also prefer escalations every 2 to 3 years. But it all depends on the over all commercials negotiated
Residential Property 5 - 7% per annum


What is a lock in period? And is it necessary for a tenant to lock him self in?

 A period of time during which neither parties can terminate a lease or an agreement unless there is a breach of agreement terms. The defaulting party has to compensate the other party on a prior agreed penalty which is stated in the agreement.


Who pays the service tax charged on the rental value of the property?

The tenant of the property pays the service tax.


Who pay the property tax?

The owner of the property pays the property tax.


Could I get a sample lease agreement?

Sure! Any APRA member can just write to us on info@apraindia.com for residential or commercial lease agreement and we will send you one right away.


Are maintenance charges included in the rental?

The maintenance changes are charged over and above the rental and are not included. The maintenance charges varies from property to property depending on the common services provided.


What is the percentage of common area for Commercial and residential properties?
Commercial property 25 - 50%
Residential property 10 - 25%


How are rentals charged for commercial and residential properties in Andhra Pradesh Market?

Rentals are charge on the super-built up area.


What is super -built up area?

Carpet Area + Common Area = Super-built up area


What is carpet area?

The actual useable area of a premises.
 
What is Rent free period? And how does one get that?
 

Rent Free Period : An agreed period, usually for several weeks or months, during which a lessee is allowed to occupy the subject premises without payment of rent in consideration for the tenant incurring expenditure on such matters as fitting out premises or carrying out repairs or improvements.

Premises ready to move occupy You don't get any rent free period
Premises needs time to make changes/interiors/repairs You get rent free period
Please note : The number of days one can get rent free period is purely a part of the negotiations with the property owners
 

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Fixed Commission on Real Estate Transactions

SALE TRANSACTIONS:
City limits - Residential / Commercial 2% from seller, 2% from buyer
Outside city limits 3% from seller, 2% from buyer
Sale of Industrial land/Building and Agricultural land 4% from seller, 2% from buyer
JOINT DEVELOPMENT 2% commission each from the developer / owner on their respective super built-up share
GOODWILL / PAGADI 2% commission and one month rent from either side
RENTAL TRANSACTIONS:
Residential / Commercial / Industrial 1 month rent each from both parties on rental
Renewal of lease 15 days commission for any renewal of lease from the Lessor and Lessee or the approaching party
TEMPORARY RENTAL ACCOMMODATION:
Upto 0-3 months 1/4 month rent as commission from both parties
0-6 months 1/2 month rent as commission from both parties
Any lease beyond 6 months 1 month rent as commission from both parties
Rental deposit exceeding 15 months 2% commission of the deposit value from both parties
 
 

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