VITAL CONDITIONS YOU MUST HAVE IN YOUR LEAVE AND LICENSE AGREEMENT REGISTRATION

A leave and license agreement ensures you have got legal recourse later just in case there’s a retardant between you and your property owner, that is why it’s vital to watch out regarding the clauses enclosed within the agreement. Here square measure some must-have clauses for the rent agreement registration.

Amount of rent, deposit, mode of payments :

The agreement ought to clearly mention the number of rent that you simply need to pay every month and also the maturity date by which it’s to be paid.

In most cases, landlords ask for a deposit that is sometimes up to one or 2 months’ rent amount. Mention the security amount within the agreement and when it’ll get refunded.

Also, make sure that the agreement clearly states what else you’ll need to pay money for like electricity, water, PNG, maintenance, and so on. Also, it should be clearly mentioned if there’s a separate meter for utility connections supported that you have got to pay bills otherwise you need to pay a fixed amount each month.

Rent agreement clauses regarding Duration of agreement and renewal Conditions-

Typically, leave and license agreement online are executed for a tenure of eleven months. However, you’ll be able to enter into an agreement for a longer time also. ensure the tenure is clearly mentioned.

Also, clarify regarding the lock-in period, throughout which neither the tenant nor the owner could terminate the agreement, and guarantee it’s mentioned within the leave and license agreement also. “The agreement should clearly mention the results of terminating it by either party before end of the lock-in period,” if the owner desires the house vacated before the end of the lock-in period, she needs to compensate the tenant by paying an amount up to the security deposit, in addition to the actual deposit refund.

Note that the lock-in period isn’t a similar because the notice period, which generally lasts one or 2 months. If the notice period is 2 months, you’ll need to provides a two-month notice to your property owner just in case you intend to vacate the house. However, the notice period is usually not valid throughout the lock-in period for either party.

When and how the agreement will be renewed, by how much can the rent go up at the time of renewal, whether or not or not there are provisions for re-negotiation of rent so on should be mentioned. Also, in cities like Bombay, within the initial agreement, property agents put in clauses associated with payment of brokerage at the time of renewal. Discuss this clause, and get to understand in advance what the amount of brokerage for renewal are going to be and who pays it.

Include List of Articles , Furniture and fixtures in rent agreement terms and conditions-

The rent agreement conditions ought to even have information of the house you’re taking up on rent like the ground or housing variety, space of the house, range of rooms, bathrooms, living area, kitchen so on. If it’s a furnished with house, confirm there’s a listing of all the fixtures and fittings like beds, sofas, tables, chairs, wardrobes, number of fans, air conditioners, lights so on.

To get rental agreements online registration or offline, you’d need to pay charges like stamp tax and registration fee. the costs area unit usually shared by the tenants and also the landlords however mention that within the agreement. 

General Problems/Hurdles after leave and license agreement registration– 

Many landlords don’t enable tenants to keep pets. If you have got a pet, discuss the problem before finalizing a house on rent. a number of house owner even have problems with non-vegetarian tenants. different problems to clarify include whether or not you’ll be able to use the terrace, parking zone, garden or the other amenities within the society.

Landlords usually keeps the original copy of the leave and license agreement registration in offline registration, however if you will opt for online rent agreement registration both parties could keep original online registration file in their respective systems as original.

Landlord even don’t bother to complete police verification process for tenants even though ONLINE POLICE VERIFICATION FOR RENT AGREEMENT is available which  lands them into trouble in case of any crime happens in respect or in the rented house.

The above terms and conditions for house rental should always be considered while making leave and license agreement registration because sometimes avoiding important rent agreement conditions could put you in trouble. It is always advisable to engage lawyers in Mumbai to draft leave and license agreement registration as layman. Only lawyers can guide you for rent agreement registration important points as they are legal expert and knows various types of clauses and how they affect in case of litigation between landlord and tenant. leave and license agreement registration clauses could be gathered from online website portals but outcome of each clause will be known by the Lawyers only who are legal persons and have full expertise to do that.

RENT AGREEMENT SAMPLE IN WORD

Like above there are many other clauses which you must have in your leave and license agreement registration but people in Maharashtra mostly opting for online registration of rental agreement wherein governments standard draft is already having clauses which are important and for information on that click here.