Making A Rent Agreement? Check These Things Carefully

An agreement is a kind of document which mentions important things about the rent and house-related arrangements. If you are also a tenant, then pay special attention to some things while making a rent agreement, so that you do not have to face any kind of problem later.
Rent Agreement, 
Rent Agreement, Documents

There is a large section in the country who do not have their own house and they live in rented houses. At the same time, many people who leave their homes in small towns and go to other cities for jobs, also live in rented houses. While taking a house on rent, there is a rent agreement between the landlord and the tenant. This is a kind of written agreement in which important things related to rent and house-related arrangements are mentioned. If you are also a tenant, then while making a rent agreement, pay special attention to some things, so that you do not have to face any problems later. 

Rent and Security

How much rent you will pay to the landlord every month and how much security you have deposited with him, make sure to mention these things in the rent agreement. Also, get the rules related to returning the security written. So that everything remains clear between you and the landlord. Keep in mind that the agreement is an agreement between the landlord and the tenant, if the landlord has written his rules in it, then you can also get your things written in it. After signing, keep a copy of the rent agreement with you because it can help you in many of your tasks.

Also read; Fractional Ownership Of Real Estate: Is It Possible? Things To Keep In Mind Before Investing

When will the fare increase?

Decide with the landlord beforehand when he will increase the rent and by how much. Make sure to include this in your agreement as well so that the landlord cannot increase the rent more than the decided ratio. Usually, the rent of the house increases by 10 per cent every year. If you want, you can agree to this or you can convince the landlord to increase the rent by a little less.

Repair and maintenance

The house you live in needs repair, maintenance and painting from time to time. In such a situation, who will bear this expense should be clearly mentioned in the agreement. Also, if any accident happens, who will compensate for the damage caused to the house? This should also be written in the agreement.

Bills mentioned in the agreement

There are many rules and conditions written on the rent agreement. Read them very carefully. Check if the landlord has mentioned any penalty for paying the rent late. 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. That means keep in mind that only those bills should be mentioned on the agreement which you will pay to the landlord.

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