Before renting a property (as a landlord or as a tenant), you need to be careful about certain points that guarantee you a secure transaction. Whether it`s repairs, checking the conditions of the house or for any other reason mentioned in your rental agreement, the landlord cannot enter your premises without a 24-hour written notification. If tenants refuse to pay for repairs, the amount can be deducted from their deposit and if the landlords refuse to pay, the amount can be deducted from the periodic rent. At the end of this article, we also provided links to municipal rent laws for the states of Maharashtra, Delhi, West Bengal, Tamil Nadu and Karnataka, which have some of India`s busiest cities. In many cases, the owners include the clause to deduct the cost of painting the apartment from the deposit. This is an open-ended clause and should be quantified by mentioning the absolute value (max). Normally, the cost of painting is limited to 20,000 Rs. It should therefore be clarified and mentioned in the lease. Owners usually keep the original copy of the lease, but you still need to keep a copy.
Also make sure the agreement clearly states what you need to pay, such as electricity, water, PNG, maintenance, etc. In addition, it should be made clear whether there is a separate meter for supply connections on which you must pay bills or if they have to pay a fixed amount each month. These laws are prescribed according to the project rental model by the Ministry of Housing and Planning, and serve as general rules to follow before entering or renting your place. Before renting a property (as a landlord or as a tenant), you need to be careful about certain points that guarantee you a secure transaction. As rental prices and other details vary from state to state, here are the guidelines you can follow, as ordered by the Ministry of Housing and Planning. Sign in and fill out an online form. Click here to register. Your draft contract will be drawn up automatically. You can add additional clauses if necessary. Many people leave their home cities and move to different cities to study, work, do business or for a better lifestyle. The first thing they need in the new city is housing.
Since it is not easy to buy a house where you can live as soon as you move to a new city, especially on the subways, most people tend to take a rental accommodation. But before taking a property on rent, it is advisable to know the terms and conditions and to execute a rental contract. 2. The rent is prepaid or postpaid: another grey area in the rental agreement. Recently, one of my clients evacuated the apartment and the landlord asked for rent for the last month. He felt that he was paying a down payment because he had paid a month`s rent before entering the house. Finally, after so much trouble and the withdrawal of all bank statements, he proved that the rent was paid in advance. The rental agreement usually mentions that the rent is paid on the 5th of each month or before. After a while, the tenants lose sight of the whole thing. You should always mention in the rental agreement if the rent is paid in advance or after the end of the month. However, the fixed percentage of this market value, which can be billed as rent, varies depending on the state of residence. Please note the links below to check.
Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do, on or on the land of the funder, something that, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property.” It is important to have a written agreement between tenants and landlords for the law in order to protect the interests of both parties.