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Rental Agreement

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    Rental Agreement

    Rental Agreements are documents signed between a tenant and a landlord agreeing upon certain terms and conditions acceptable to both parties. Getting involved during a rental transaction without an agreement is dangerous and leaves room for legal disputes. We cannot stress enough on the importance of a rental agreement which is why we provide the power to make one within the quickest way possible.

    Rental Agreements – Types

    1. Regular Rental Agreements
    2. Quick Rental Agreements

    Regular Rental Agreements

    A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property may be referred to as the lessor and the renter as the lessee.

    Documents needed for Rental Agreement Registration

    Landlord

    • Two passport-sized photos.
    • Aadhaar card.
    • Identity proof (driving licence, voter card or passport).

    Tenant

    • Two passport-sized photos.
    • Aadhaar card.
    • Voter ID card.
    • Passport for people from outside India.
    Rental Agreement Online

    How to Create A Quick Rental Agreement?

    The conventional way to draft a rental agreement would begin with the tenant and the landlord discussing and arriving at clauses they both require. This would be followed by both parties approaching a lawyer to draft an agreement for them and then printing it on stamp paper. However, this process would take weeks in some cases.

    With the onset of technology and the widespread use of the Internet, even the process of legal drafting has been made electronic. Several rental agreement templates are available online. That said, such agreements may not be drafted by experts in the field of law and may not cover all possible contingencies. This is why we recommend the use of only a lawyer verified and comprehensive rental agreement.

    Things To Be Included In A Quick Rental Agreement:

    Rental agreements are contracts that are in situ to avoid potential legal spats and also as a cautionary step against people going back on their words. it’s always recommended that you simply make the strictest ever rental agreement but you’ll be relaxed sometimes, especially if parties involved know each well. Quick rental agreements are often said to be the foremost basic kind. It covers only the foremost essential clauses and is kept concise although legally comprehensive.

    A basic rental agreement requires the subsequent details –

    1. Full name, address and get in touch with details of landlord and tenant.
    2. Monthly rent, margin and maintenance charges (if any).
    3. Full address and details of the premises being considered for tenancy.
    4. Term of the lease.
    5. Specific clauses requested by both parties.
    6. Nature of resolving disputes, if any arise.
    7. Incidents that would cause termination of the agreement.

    This is only an overview of what a fast rental agreement is. If you would like something stricter, we recommend that you simply accompany the flowery rental agreement which is simply as easy to organize.

    Requirements To Make Rental Agreements Legally Valid

    Quick rental agreements aren’t very different from regular rental agreements except that such contracts are kept more concise. However, the wants to form it legally valid are precisely the same as that of a daily rental agreement.

    To make it valid:

    • The rental agreement must be printed on Stamp paper State Govt. recommended value
    • The tenant and landlord must place their signatures at designated places
    • The agreement must then be signed within the presence of two witnesses whose signatures must even be placed within the agreement
    • Register the document at an area Sub-Registrar office

    A Real Estate Lawyer could give a great assistance and can help you to draft and review a rental agreement that suits your needs.

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