Rent Agreement (Drafting )
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Rent Agreement (Drafting ) Form
What Is A Rental Agreement ?
A rental agreement is a kind of contract, between the owner of a property and a renter who wants to have possession of the property. It is a legal document which lays out the pre-discussed terms and conditions under which the rented property is leased out that is to be followed between the landlord and the tenant.
The rent agreement protects the interests of both the parties and the document serves as a collaborative evidence in case of a dispute.
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Frequently Asked Questions (FAQs)
• Tenant subletting the Property
• Landlord increasing rent without prior notice
• Tenant setting up business in the house premises
• Landlord denying returning the security deposit
• Tenant damaging the property
Apart from some of the pointers mentioned above, there are many such disagreements that might arise during tenants stay in the property. To take care of all such disputes well in advance a proper Govt approved rental agreement needs to be in place. It is a documented proof for the terms and conditions that have been agreed between the landlord and tenant while renting a property.
Hence, in order to avoid registration of the agreement with the local competent authorities, agreements are made for 11 months and extended as per mutual consensus of the parties involved.