Important Clauses In A Rental Agreement

As a general rule, housing laws cover everything from physical property to the terms of the tenancy agreement. But that`s not all you need to know. It is also important to check future taxes, such as electricity taxes and the development of society. For example, Tinu Sharma, a manager`s employee who works in Gurgaon and lives on rent, recently received a notice from the Association for Social Assistance (RWA) for future taxes for two years against development costs. The main concern of a landlord is that the property can be adapted to a crazy tenant or that it can be inhabited illegally. That is why the lease should be registered. It is also important to sign the agreement in the presence of two known witnesses. Due to the deterioration of the legal and regulatory situation in the subways, the police often insist on checking tenants. Landlords can also request a copy of the work letter from the tenants` employer.

But this should not be a measure of anyone`s character. Landlords should insist that the police be able to check tenants who are foreign or who are not native to this city. You will probably find this clause in almost all leases. Although this may seem harsh, it is necessary for every landlord to know and control who the tenants occupy the premises are, and therefore you will find it in almost all rental contracts. No subletting means that the tenant of the premises should not rent part of the premises, whether it is a small part or the entire unit, to others or try to own it himself if he already rents the premises to the owner. This clause is important because each landlord wants to know exactly who the tenants are occupying the premises. The last thing the owner wants to know is that the occupants of the land use it for such important purposes that the insurance coverage acquired by the owner for the premises becomes invalid. Even if it requires clarification for the details of the lease, it will be a good idea to refer first to the lease, which is usually quite detailed and probably contains the details you are looking for.

In most cases, landlords require a deposit that usually corresponds to one or two months` rent. Mention the amount of the guarantee in the agreement and when it will be refunded. This clause is usually found in commercial and commercial leases, where the re-commissioning of the premises at the end of the lease is necessary and the premises must be returned in the original state.

Comments are closed.