10. Terms of renewal: In order to avoid future disputes, there should be a clause in the contract renewal lease if the two parties agree. This clause includes % rent increase, deposit, etc. If the market rent found between the parties and fixed is paid by the tenant, the lessor is not allowed to file an eviction action against such a tenant against such a tenant for at least five years. Thus, for a period of 5 years, the tenant enjoys the immunity of the evacuation of the premises. To register a rental agreement, you would have to pay a fee such as stamp duty and registration fees. The fees are usually shared by tenants and landlords, but mention this in the agreement. In addition, people who have fees, such as legal fees or brokers, should be clear. The rental agreement, a document that seals the agreement between a landlord and the tenant, is a powerful tool that can be used and abused.
Shyam Sunder, a Delhi-based lawyer who handles real estate matters: “The lease, if properly formalized, helps the landlord and tenant and leads to a good healthy relationship between the two. But it should be formalized by all the necessary provisions and laws. Home “Rental” ” The most important clauses for each lease “Every commitment and any set of promises that constitute the mutual consideration is an agreement” The contract should clearly state the amount of rent you must pay each month and the due date to which it must be paid. The lease agreement is a contract between an owner and a resident, with the owner giving the owner permission to occupy the dwellings. Owners usually keep the original copy of the lease, but you still need to keep a copy. In most cases, landlords require a deposit that usually corresponds to one or two months` rent. Mention the amount of the guarantee in the agreement and when it will be refunded. The amount of rent to be paid and the dates on which these payments must be paid by the tenant to the lessor (preferably and as in monthly practice) must be clearly specified. I have received comments from my readers that I do not write much about rental properties, which is why I have decided to write regularly about rental properties.