Leasing your property to embassies and corporates
Embassy and multinational tenants pay well and stay long, but expect particular standards. Here's what they look for.
Vasant Vihar, Anand Niketan, Shanti Niketan and Westend draw tenants from embassies, high commissions and multinational companies.
What these tenants look for
- Furnished or semi-furnished homes in excellent condition
- Full power backup and water storage
- Multiple parking slots
- Security — gated entry, CCTV, guard room
- Servant quarters
- Proximity to international schools and the diplomatic enclave
Lease terms
- Leases are often 2–3 years, sometimes longer
- Rent may be paid quarterly or annually in advance
- Diplomatic clauses allow early exit if the officer is transferred
Paperwork
Embassies often use their own lease format. Make sure TDS, maintenance and repair responsibilities are clear.
Preparing your property
Fix every small defect, deep-clean, and consider a professional inventory with photographs.
Talk to us about leasing your home.
Typical requirements checklist
- Three or more parking slots
- Full power backup, including air-conditioning
- Water storage and filtration
- Modern kitchen and appliances
- Security room or guard post
- CCTV at entrances
- Servant quarters with a separate entrance
- Quality furnishings, if leased furnished
Rent and payment
Rents for embassy-grade homes in Vasant Vihar, Anand Niketan and Shanti Niketan are often paid quarterly or annually in advance. TDS is deducted by corporate tenants, so plan for it.
Maintenance commitments
Embassy and corporate tenants expect fast repairs. Have reliable electricians, plumbers and air-conditioning technicians on call, or appoint a property manager.
Diplomatic clause
Allows the tenant to end the lease early, with notice, if the officer is transferred. Balance it with a minimum lock-in or a notice period.
Frequently asked questions
Is GST payable on residential rent? Renting a residential home for residential use is generally exempt from GST; special rules apply when the tenant is a GST-registered business. Take professional advice.
