RENT DEED AGREEMENT
Why Choose Dastawezz ?
INTRODUCTION
A Rental Deed or Rental Agreement is a contract between a landlord and tenant, where the former gives the latter the right to occupy a home or residential premises for a certain period. A rental agreement can be verbal, written or implied but a written agreement serves as evidence and also includes the terms and conditions which are mutually-accepted by both parties. It is one of the most vital documents for both parties to avoid any future disputes.
PROCESS
The following are the main clauses found in a rental agreement:
- Details of the landlord, tenant and the rental property
- Rental Period and conditions of renewal of rent deed
- Lock- in clause, barring the termination of the agreement for a stipulated period of time by both parties
- The monthly rent and other charges including taxes to be paid
- Fittings, fixtures, repairs and alterations to be made
- Permitted manner of usage of premises and visiting clause
- Registration clause stating legal enforceability of registered agreements only
Upon drafting the rental agreement/deed on stamp paper, it must be signed by the landlord and tenant in the presence of two witnesses. After that, it must be registered at the sub registrar’s office.
![Rental agreement](https://dastawezz.com/wp-content/uploads/2021/10/rental-deed-300x169.png)
Rental deed agreement
ADVANTAGES / FEATURES
- A registered rental agreement is vital for avoiding any disputes in the landlord-tenant relationship which also protects their rights.
- The landlord/tenant should never settle for an oral agreement since it is not bound by law and therefore, should always insist on executing and registering a written rental agreement.
- It acts as legal evidence and can protect the landlord from any legal dispute in the future.
![Rent deed agreement](https://dastawezz.com/wp-content/uploads/2021/10/advantages-of-rent-deed-300x169.png)
Advantages of rent deed
DOCUMENTS REQUIRED
- The original proof of ownership or title of the property
- Property documents or tax receipt of the property to be leased
- Two photographs of each of the parties and one of each of the witnesses
- Copy of the address proof of both the parties and witnesses (Passport, Aadhar Card, Ration Card, Bank Passbook or Driving License)
- Route map of the property leased out
![Rent deed](https://dastawezz.com/wp-content/uploads/2021/10/documents-300x169.png)
Documents required for rent deed