Rent Agreement: From small towns to big cities, there are many people who do not have their own house. They live by renting a house. When a landlord gives a house on rent, he gets a rent agreement made. Rent agreement is a kind of written agreement in which important things related to rent and house arrangements are mentioned. If you are also taking a house on rent, then before signing the rent agreement, definitely check 5 things, so that there is no dispute later.
How much rent will you pay and how much security?
How much rent will you pay to the landlord every month and how much security have you 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 is 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.
When will you increase the rent and by how much?
Take a decision with the landlord beforehand about when he will increase the rent and by how much. 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 percent every year. If you want, you can agree to this or you can convince the landlord to increase the rent by a little less.
Who will take the responsibility of repair and maintenance?
The house in which you are living needs repair, maintenance and painting from time to time. In such a situation, who will bear this expense, this should be mentioned in clear words in the agreement. At the same time, if any accident happens, then who will compensate for the damage caused to the house in that situation? This should also be written on the agreement.
Which bills are mentioned on the agreement?
Many types of rules and conditions are written on the rent agreement. Read them very carefully. Check if the landlord has mentioned any penalty for late payment of rent. Apart from this, you should also check about electricity, water bills, house tax and facilities like gym, swimming pool, parking, club etc. and the payment for the same. This means that keep in mind that only those bills should be mentioned in the agreement which you will pay to the landlord.
Keep a copy with you after signing
After signing the rent agreement, keep a copy of it with you because it can help you in all your work. Also, you will have proof of all the conditions.
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