We are planning to give out our ancestral home on rent. Since we have no experience in this and have never dealt with the intricacies of renting out a house, could you all please provide your inputs on what all to keep in mind regarding legalities/paperwork and any other angle that we might have overlooked?
One thing that comes to my mind right now is that contractual clauses should ensure that tenants do not poach the house later (not sure how that works but have heard about it).
All inputs are appreciated.
Thanks,
Ram.