5 Things to Know Before Signing Rental Agreement in Delhi NCR

Food, clothes, and shelter are the most important things in a person’s life. In this decade the cost of building homes has risen such that almost all the savings of people get exhausted, sometimes while in the middle of the construction. To avoid this, people use to rent a flat or apartment in the majority of the metropolitan cities, be it Mumbai or Delhi. For acquiring a house on rent, people have to sign a Rental Agreement.

The majority of the people are unaware of this fact and avoid this, this leads to awful consequences. People are unaware of the rental agreement and How to Make Rent Agreement and sometimes the landlords also skip this for their gains but eventually face problems. People from experienced organizations such as Rentalagreement.in will guide you about all the procedures and information regarding the Rental Agreement even you can get Online Rent Agreement in Delhi from Rentalagreement.in. You must lookout for the following terms before signing a Rental Agreement:

Hidden Clauses or Conditions:

Sometimes below the dotted lines, there are some clauses written which prove to be devastating in the upcoming months. Some cases have been observed in which the tenants have to face a 10% or more hike in rent every five or six months. With Rentalagreement.in, you will not face any such problems.

Additional Charges:

Some cases have been observed in which tenant have to pay the additional money after certain months. These little sentences go un-noticed and thus due to little irresponsibility the tenants have to pay a large price. Rental Agreement can be a little perplexed, but Rentalagreement.in provides an Online Rental Agreement in Delhi which eases out the problems.

Inclusion of Bills:

Another important clause that goes unnoticed that people just ignore the terms and conditions. These may include any other expenses such as the water bill, electricity bill or even maintenance charges. The term “Maintenance Charges” has often been misused and the tenants take its toll.

Check-out and Notice Period:

The rental agreement also incorporates the penalty and check-out charges if any. These are most important as in some cases there would be a notice period for leaving. If a tenant leaves before the notice period, then to he/she has to pay for the remaining period. In some cases, the rental agreement includes a clause that the tenant has to live/pay for a minimum duration of months that usually go unnoticed. Also, a heavy penalty would have been mentioned in that agreement for breaking that clause.

Damage Charges:

In some cases, the furniture or supplementary utility of any kind that has been provided while moving-in gets damaged. The tenants have to pay heavy penalties in that case, if not taken care of. These penalties exceed the price of the article in a few instances. This clause must be looked into very carefully.

Hence, the tenant pays heavily and the situation goes awful. The executives from Rentalagreement.in soothes all your headaches starting from How to Make A Rent Agreement to drafting and explaining it properly.

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5 Things You Should Know Before Renting Your House

Renting houses has been very common these days. If you have a house which is vacant and you want to make some money from it, renting it out is the only option you have. As it looks very easy but it’s not that easy to rent a room in your house. You will have to work hard to get the right tenant.

You will have to be cautious while choosing a tenant otherwise you can be fooled easily. It requires you to be smart and clever to do this task effectively. Renting a room can get you some easy bucks but there are certain things that should be kept in mind before signing a rental agreement.

Choosing The Right Tenant

Deep background research about the tenant is the most important factor before renting the house. You can conduct the police verification of the tenant in order to have complete knowledge about him. Gather information about the professional background as well as family background. This will help you to prepare an apt Rental agreement in Bangalore.

Decide The Rent Price

Fixing the rent price is a very important part that should be given much Importance. You should research properly in your area and city before fixing a reasonable rent price. This rent should be mentioned in the Online Rental Agreement. If you are confused about finalizing the rent then contact the property dealer of your area and neighborhood they will help you.

Visit The House At Regular Intervals

It is very important to have interaction with the tenants while they are residing in your house. You should be aware of the condition of the house and also have some feedback about the renter from your neighbors. This will help you to take action if anything is wrong with them.

Discussion With Tenants

Discuss everything related to your house with the renter before giving a nod to them. They should be aware of everything like water supply, electricity, maintenance, and other such necessities. You should also have information about them and the family members going to live in your house.

Register The Rental Agreement

Under section 17 of the Indian registration act, it has been stated that all the rental agreement up to 11 months should be registered. However, the rental agreement should be registered with proper stamp and registration charges.

The rental agreement should cover all necessary information such as rent, maintenance charges, renovation rules, security deposit, and other such important information. It should also have the name of both parties. Online rent agreements are best in this matter as it eases the work of both the parties.

Conclusion

Your house is an important asset for you. So you should maintain it and evaluate its worth from time to time. At the same time before renting your house look for all the information related to a Rental Agreement in Delhi, Bangalore then only decide to rent your property.

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6 Mistakes to Avoid in Rental Agreements To-Let your Apartments Safe and Sound.

How often do gullible people get duped due to faulty contracts or due to those clauses written in words smaller than the size of ants?

Buyers have to become smart as they cannot let themselves get swayed by fraudulent schemes and practices. However, legitimate sellers need to caution themselves to certain business ploys themselves.

The golden rule to avoid yourself from being caught in this vicious trap is to prevent yourselves from getting involved in shady deals, which requires due diligence and meticulousness to peruse through every clause of that legally binding contract and get it double checked from your business advisor or lawyer.

Consequently, the relationship between landlords and tenants, our society has culminated is of mutual understanding and trust and just like that, the house rental agreements get broken or bent by the will of the landlords or tenants, as and when they please. Ergo, it becomes the need of the hour to make house rental agreement contracts airtight, deprived of loopholes and their formats being standardized.

The following are the primary six mistakes which should be avoided in house rent agreement formats.

The format of a rental agreement must always mention the security deposit explicitly. Numerous tenants have been ruled against in cases related to errors in the figures of the safety deposit.

The names as mentioned in the contract must be true and hence should be supported by credentials as issued by the government, i.e. Aadhaar cards, Voter ids or Passports.

An important clause of subletting often gets skipped while drawing up the rental agreement format. The landlords are often extorted as the tenants sublet their property, making profits off their apartments eventually.

In order to make the agreement ironclad, make sure the responsibility of repairs is implicitly stated. Whether it is the landlord or the tenant, a house rent agreement format must consist of everything.

Also, the terms for eviction have its own significance. Generally, the law states that the tenant cannot be evicted without two months’ prior notice. However, the contract if signed carelessly can state, otherwise. Therefore, it becomes prudent to have clear lines drawn beforehand.

Tenants can be a mess and can leave your apartment within two months or never leave at all. Therefore, one needs a consistent rental agreement format to rely upon. Clarify the number of months or years a tenant has to necessarily occupy the apartment, in advance and also the term for his eviction to make the process painlessly easy and law-abiding.

Do not let yourselves be fooled by something as trivial as rental agreements. Make them ironclad as it will ensure that your tenant is understandable and adherent to the rules. A cordial relationship among the two parties can lead to absolutely zero fraud but make sure you never stop being cautious again.

Is it mandatory to register a rental agreement?

If a House rent agreement is there for a period of 12 months or more then it needs to be registered as per the Registration Act of India in the local sub-registrar office.

But if it is for a period of less than 12 months then it does not require to get it registered. Also, it is not mandatory to get this House Rent Agreement notarized as long as it is printed on stamp paper and duly signed by both the parties

If it helped you to go for one Rental Agreement customized as per your need then you can try creating one with us. All you need is to have a few important details of both the parties involved in the agreement and you are all set to draft one for you. Once reviewed and paid the same will be delivered at your doorstep!

Save time, save money! Get the rental agreement at your doorstep in a few easy steps.

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What is the Difference between Registered and Non-Registered Rent/Lease Agreement?

What is the Difference between Registered and Non-Registered Rent/Lease Agreement?

A normal practice is to have a rent agreement for 11 months and most of the people prefer for it

As per Registration act of India if a rent agreement has been made for a period of 12 months or more then it needs to be registered by visiting the sub-registrar office and paying the valid stamp duty as required.

But if the rent agreement is a period of less than 11 months then one does not need to get it registered with the authorities

Now that your doubts are clear and if you need a Rental Agreement you can try creating one with us. All you need is to have few important details of both the parties involved in the agreement and you are all set to draft one for you. Once reviewed and paid the same will be delivered at your doorstep!

Save time, save money! Get the rental agreement at your doorstep in few easy steps

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URL:www.rentalagreement.in

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What is a Rental Agreement?

What is a Rental Agreement?

In a simple term it is an agreement between owner/landlord and tenant/occupant having all the necessary clauses, which both parties agreed together for a residential house/flat/room.

It is made for 11 months duration wherein landlord gives right to premise use to the tenant with certain mutually agreed condition mentioned as clauses of the agreement

The format of the agreement should include all the important clauses, which can serve the purpose of a legally binding contract document as well as protect the interest of all the parties involved

If you are a landlord/owner or tenant/occupant and looking for a rental agreement then the service is easily available a few clicks away

Visit https://www.rentalagreement.in and fill the necessary details. It’s a broker/tout free service at your convenience.

Fill it, submit and get it at your doorstep – It’s that simple!

Uraan Rental Agreement And Notary Associate
U.R.A.A.N. Associates

URL:www.rentalagreement.in

E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM):+91 81235 91446

Why do you Need a Rent Agreement Payslip | Considerations for Tenants?

If you want to rent a property, then you must go through several procedures. It is evident that when you think of renting a flat, you are liable to first go through a rent agreement sample. Once you see the sample, you can have an idea of how does an agreement looks like and what are the requirements you need to fulfill. If you seeking to apply for your rental property, an efficient rental ledger or rent agreement payslip is essential to make sure your payments are justified.

In the recent scenario, many property owners use software for rental ledgers. These software helps to keep the record in an organized manner. If you happen to be a tenant, you can keep a copy for yourself.

How can you read the rental payslip?

Your rental ledger comprises of your name, address information, amount of your payment, and important dates. Each and every line has all the information provided by the owner. At times, the owner categorizes the type of payments or adds comments on late payment, or about any other issues. The owner must offer you the receipt and that paper acts as a protection for both the parties. In such a case, you can compare your statements and records with that receipt. At times, the ledger prepared by the owner can also act as claim disapproval if you have been charged double for anything.

What is the necessity to maintain a rent agreement payslip?

As a tenant, it is essential to keep a copy of the payslip as it has all the important details regarding your payments. Also, you will have the opportunity to compare your records with that of the owner’s slip. If you see any discrepancy, you can go ahead and solve it with proof.

The payslip will be highly beneficial when your tenancy period is over. When you seeking for new properties, you can show the payslip to the prospective property owner to prove that as a tenant you have been regular and paid rents on time.

Showing your payslip with your statement of application

Along with your rental application, it is imperative that you possess all the demanded and necessary approving documentation. If you want to portray yourself as a well-prepared applicant, you must have the photocopy of your photo identities like the passport, driver’s permit, and all of them should be up-to-date along with your rental payslip.

Essential requirements for tenants

Prerequisites associating to your period of stay (tenancy period), the incidence and duration of rent amounts, the renewal period of your lease and the requirements for restoration and sustenance, must be distinctly stated in the contract.

In addition to the above-mentioned prerequisites, the functions and liabilities of the occupant and the landowner must have clear definitions.nIt is desirable to consider the premises on rent, after all the improvements and maintenance. Tenants must further investigate the electrification and pipe, before entering the apartment. This way, the resident can easily safeguard himself from additional fees that may appear in future.

It is further imperative to monitor pending payments, like power and extension prices of the society. For instance, Tinu Sharma, an official operating in Gurgaon and surviving on rent, lately got a warning from the society’s citizens’ well-being association over pending rent and maintenance for the last 2 years facing community development costs.

Uraan Rental Agreement And Notary Associate
U.R.A.A.N. Associates
URL:www.rentalagreement.in

E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM):+91 81235 91446

Rental Agreement Format | Rental Agreement Payslip | Rent Agreement Sample | Online Rent Agreement | Registered Rent Agreement