If you are also going to take home on rent, then you should take special care of some things while signing a rental agreement. To rent or rent a house or building, you have to get a rental agreement. If you do not compromise, you may get into trouble in future. This agreement explains the conditions of the tenant and the landlord. After the agreement, both sides have to sign.
This includes information about fare hike, repair and maintenance and other payments. Let us tell you which 8 mistakes should not be made while signing the rental agreement.
Avoid the wrong tenant – Before renting the house or any property, check about the tenant thoroughly. You can get into trouble in future by renting wrong tenant.
Consider fare carefully-If you have a house, you must have spent it on its maintenance. In such a situation, you should see that your tenant should also keep these things properly and decide the rent accordingly.
Install the tenancy in a professional manner – the tenancy is not a hobby, it is a business. Therefore, you should do it correctly. For this, hand over the property to the tenant only after executing the rental agreement properly.
Tribal period – legally, the general tenancy is 11 months. You should decide timely.
Expiry and notice – If the tenant does not follow the terms and conditions of the agreement, the landlord may ask him to vacate the property and abolish the agreement. At the same time, the tenant and the landlord will have to give a month notice to vacate the campus.
Lock-in period- Under this condition, the landlord cannot allow the property to go out of the city without informing the tenant. That is, if the tenant wants to vacate the house and go to another city, then the landlord will have to inform him in advance.
Payment – The landlord has to fix a certain date to pay the rent. The tenant will have to pay rent to the landlord on the same date.
Default Claus- Under this rule, the landlord can fix his own terms and fine.
