When it comes to renting a house in India, it`s essential to have a written agreement in place to protect both the tenant and landlord. A house rental agreement, also known as a lease agreement, outlines the terms and conditions of the rental and serves as a legally binding contract. In this article, we`ll take a closer look at the house rental agreement sample in India to give you a better understanding of what should be included in the agreement.
The agreement should start with an introduction that includes the names and addresses of both the landlord and tenant. It should also include the date on which the agreement will begin and end.
2. Rent and security deposit
The agreement should clearly outline the monthly rent amount and the due date for payment. It should also include the amount of the security deposit required, which cannot exceed the amount of three months’ rent. The agreement should clearly state the circumstances under which the security deposit can be forfeited.
3. Maintenance responsibilities
The agreement should outline the maintenance responsibilities of both the tenant and the landlord. This includes details on who will be responsible for repairs and maintenance, such as plumbing or electrical issues.
4. Termination clause
The agreement should clearly state the circumstances under which either the tenant or the landlord can terminate the agreement. This includes situations where the tenant does not pay rent on time or causes damage to the property.
5. Renewal clause
The agreement should also include a renewal clause that allows the tenant to extend the lease agreement beyond the initial term.
6. Eviction clause
The agreement should include an eviction clause that outlines the process by which the tenant can be evicted from the property. It should also include a notice period, which is typically 30 days.
7. Subletting and assignment clause
The agreement should clearly state whether or not the tenant is allowed to sublet the property or assign the lease to another person.
8. Legal provisions
The agreement should also include legal provisions that outline the rights of both the tenant and landlord. This includes information on the jurisdiction of the agreement and the applicable laws governing the rental agreement.
In conclusion, a house rental agreement is a vital document for both the tenant and the landlord, and it`s essential to ensure that it is drafted carefully to avoid any misunderstandings or disputes. By including the points mentioned above, you can create a comprehensive agreement that protects the interests of both parties. If you`re unsure about creating a rental agreement, it`s advisable to seek the assistance of a legal professional.