Rent agreement is an important document. In this agreement, there are some instructions regarding the arrangements related to the rent and the house, which are signed by the landlord, the tenant and the witness. Some things should be specially taken care of while making it.
Even in today’s time, there are many people who do not have their own house and live on rent. Especially in big cities like Delhi, Mumbai, Bengaluru, even people doing jobs often leave their homes in other cities and work on rent. There is a written agreement between the tenants and the landlord, which is called the Rent Agreement.
This is a very important document. In this agreement, there are some instructions regarding the arrangements related to the rent and the house, which are signed by the landlord, the tenant and the witness. Some things should be specially taken care of while making it, so that later you do not have to face any kind of trouble.
When will the rent increase
First of all, decide how much rent you will pay to the landlord every month and when the landlord will increase your rent. Monthly rent should be mentioned on the rent agreement. But if the rent increase is not mentioned in the rent agreement and the landlord wants to fix it in future, then you have a better chance of bargaining. Usually the house rent increases by 10% every year. If you want, you can agree on this or you can prepare the landlord to increase the rent a little less.
Which bills are mentioned on the agreement
Many types of terms and conditions are written on the rent agreement. Read them very carefully. See if the landlord has mentioned any penalty for late payment of rent on this. Apart from this, you should also check about the electricity, water bills, house tax and facilities like gym, swimming pool, parking, club etc. and the payment for the same. Meaning, keep in mind that only those bills should be mentioned on the agreement, which you will pay to the landlord.
Repair and Maintenance
The house you are living in needs repair, maintenance and paint from time to time. In such a situation, on whom this expenditure will be incurred, it should be clearly mentioned on the agreement. On the other hand, if an accident happens, then in that case who will compensate for the damage to the house? This thing should also be written on the agreement.
Keep these things in mind
Apart from all these, many things are written on the rent agreement, read them carefully. Before living in the house, you give security to the landlord, get the security money mentioned on the agreement and also write the rules related to returning it. This will not create any problem between you and the landlord. Keep in mind that the agreement is an agreement between the landlord and the tenant, in this if the landlord has written his rules, then you can also get your things written in it. After signing, keep a copy of the rent agreement with you because it can make all your work.
