Renting is one of the sources of income for landlord and a solution for people who shifted to new location or family who don’t have enough money to owe an own house. Earlier tenants were exploited by landlords and in some case landlords are in trouble by providing their property to tenants who make nuisance or mess in building.
Rental agreement is agreement or mutual understanding between tenant and landlord on the terms and condition for lending a property for rent. In a rental agreement landlord will explain terms and conditions and prepare a written document where tenant and landlord will sign and a copy of the same will be handover to tenant. Making agreement in written is good for future purpose and if any change in condition it will be informed with prior notice of 30 days.
Important sections to cover in rental agreements
Rental agreements need to be written in a stamp paper and signed by tenant and landlords. Here are some common agreements or conditions that need to be included in an agreement for keeping property in good condition and make prompt pay of monthly rents.
- List of things: List of things is facilities or appliance provided by a landlord to tenants along with property for rent. Things include appliances like number of fan, geyser, light fittings and so on. These things cannot be taken with them by tenant when leaving property.
- Due date: The date for paying each month’s rent and the date when it is considered as late payment. If there is any charge for late payment and time to take action when continues default.
- Right to enter: The date or time from which property is let to rent. Tenant need to inform prior to landlord from when he starts using the property or building.
- Garbage: Need to specify orally or in written where to keep garbage for collection by garbage collector and how to dispose garbage. The improper dispose of garbage creates problem for fellow tenants and for it become health problem
- Policies: Policies regarding parking vehicle and whether pets are allowed in the premises or not. These have to be clearly mentioned in rental agreement than become problem in future.
- Notice period: Tenant should give at least one month notice prior to leaving and demanding for deposit. Landlord must ask a reasonable time for giving back deposit.
- Restoration: Conditions which need to restore the dwelling place or building. It includes repairs and paintings, plumbing if required and so on.
A landlord should ask identity of person who are using the property. Remember not to give your property or building for people who have criminal background or do not allow continuing if you doubt on their action or if they involved in some anti-social activities.
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Tags: Apartment Rentals, Rent, rental agreement, Tenancy Agreement, Tenant
Good post.. Do you have a sample agreement copy?
you may please any kind of agreements in http://www.vakil.com
Hi,
could you tell me
1. who can do this process.
2. who will do it pune. could reffer me some one who does this
Regards,
vasu
Dear Mr. Vasu,
you send your details to my e-mail id we can send the rental agreement drafted one.
Thanking you,
Nagendra
Advocate
nag1250@gmail.com
Hi Vasu,
Usually rental agreement is prepared by landlord. You can visit your notary public for making rental agreement. You will have to tell list of things such as number of fans, lights, whether geyser is available, deposit and monthly rent etc.
You can seek your local Realtor service for getting the process done.
Thank you.
Balaji constructions Ahmedabad,
I want to purchase new under construction 3BHK flat 2nd,3rd or 4th Floor in chandkheda-new cg road pl give information to me… Thanks.
-Rajesh
Hi
Thanks for providing valuable information on renting out a property. Please send me a draft copy of rental agreement for letting out my residential flat at Hyderabad. Also please inform the logic involved in entering agreement for a period of 11 months instead of one year or so.
Regards
Satya
good informative post…
thanks
regards………..
Hi, Rquest could you please let me know as to:
1. What all documents are required to purchase land in pune in a Resale land.
2. What is the registration and value of stamp duty.
Hi i am looking for two bed room appartment with wardrobes if woodwork is alos done well n good , I am residing at shreerams at present kindly help if flats for rent in ur appartment are available.
Thanks nd regards
hi….
nice posting and informative too
Can we get few information like:
availablity of rental flats 1/2/3 at Treasure Pune
Terms
Hi it was very good article.
I like it so much.
You make quite completely perfect guideline about rental agreement.
And you provide quite excellent knowledge of how to make a rrental agreement with the owner.
It’s quite great sources.
Please continue more good article.
All the best.
can someone get me a rental renewal document?
If any one need rental agreement for applying HRA means contact me to ssukumarmca@gmail.com…. I’ll help u in getting it as soon as possible…..
can the agreement for TENANT be in Husband and Wife boths name. Can someone reply quickly
thanks-Sunil
Yes it can be made on the boths name, no need to worry.
Hi,
I just relocated to mumbai and rented out a flat. the rent agreement has been signed btween me and the landlord but I havent got the notary or registration done yet. How important is it while vacating the house? will i get my deposit money back if its not registered?
whats the procedure for notary and registration?pls help
regards
Divya
Please let me know what is the policy for at the time of vacating the house on painting charges to be reimbursed to Land Lord from the tenant
Normally periodical (say once in two years or so, as agreed to between parties) painting of the property is the obligation on the part of the landlord to maintain his property well. It is open to the tenant also to get his occupied portion painted often on his own for specific reasons, at his own cost. The question of reimbursement of painting charges does not arise at all, unless there is some such agreement between the landlord and the tenant.
May i know the value for the stamp paper for rental agreement at madipakkam for Rs 8500/- as rent.
kindly send your response.
Excellent idea about the deed but not mentioned the value of stamp paper
A Non-Judicial Stamp Paper of Rs.20/- value is sufficient in your case. This apart, it should be noted that in case of leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent, the Agreement concerned requires compulsory registration as per Section 17 of the Registration Act, 1908.
I currently have a house in Bommanahalli (i think under BBMP jurisdiction).
1> I want to construct first floor now
2> Leave the ground floor for Rent for commercial purposes.
I want to know the approval process to be followed in this regard. Pls help.
Excellent piece of information.
Can anyone provide a list of documents to be submitted to the society office by the owner of the flat, the person taking it on rent and the estate agent?
Thanks,
/-\lvlj/-\l)
riviera-chs@in.com
I am paying 10000/- per month as rent for a flat in Hyderabad.
How much stamp value shall i use for rental agreement?
I know its the owner responsibility to prepare the rental agreement but i only want to initiate this:
I also wants some thing to be mentioned in the agreement that the owner is not going to ask me to vacate for at least 1 year, How this can be covered in the agreement.
thanks
Padam
Dear Sir,
I would be happy to advise you.
Please contact me on dua.actus@mail.com for further information.
Hi All
Request you to pls. let me know about the maintance related in Law.
I am staying in Rented house and every month they come with mainatance charges of water tank and requested for money . I told this asset belong to Landlord and he is responsible for the same, but they are agree on the same. I am new person in Bangalore , so I don’t wanna take any risk for me.
So Any one can guide me for the same.
Thanks
Pooja
Hi,
Can anybody suggest if there are rental agencies in Hyderabad. We require an agency to talk to the tenants, undertake any small repairs, check if they are depositing the rent on time and maintaining the premises properly without causing any damages to the property. Further, if any body in the premises would like to vacate, the agency should look into all the formalities and look for a new tenant and the process continues. This is for our residential properties in Hyderabad, which we are finding it difficult to spare time for this kind of work due to our busy schedule. My email is sahara9_14@yahoo.co.in Kindly advise me on this asap.