Saturday , November 23 2024

Do not make these mistakes while signing the rental agreement, know what things to keep in mind | News India


598655 Rent Agreement

New Delhi: There are many people who do not have their own house. Such people have to live in rented houses. Apart from this, there are some people who go to other cities for work or studies. Such people also have to live in rented houses. Whenever you rent a house, make sure to get a rent agreement made. The rent agreement contains all the facilities, rent and all the information about the house.

Before renting a house, the tenant has to sign a rent agreement. In such a situation, if you take a house on rent then you should get a rent agreement made. There are a few things to keep in mind before signing the rent agreement. Let us know what things should be kept in mind before signing the rent agreement.

How much will the fare increase?
Before signing the rent agreement, it is important to check how much the rent will increase every year. Generally, house rent increases by 10 percent every year. It is also necessary to renew the rent agreement after every 10 months. You should also check what the removal process is before you sign.

Penalty for not paying rent on time
You should also write about the penalty for late payment of rent in the rent agreement. Apart from this, you should also read carefully about the payments like light, water, house tax and gym, swimming pool, parking, club etc. in the rent agreement.

Tenant inspects home
Before signing the rental agreement, you should carefully inspect the house. Such as moisture on walls, pants, kitchen and bathroom fittings etc. If there is any problem in your house then you should inform the landlord so that there is no confusion later.

Be careful not to sign the rent agreement without reading the terms. Even if you take time to read the rent agreement, don't sign it hastily. Make sure that all the rules of the building are written on the rent agreement.