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Want to give rooms on rent. What legal documents to check?
01-May-2023 (In Landlord/Tenant Law)
I have constructed a complex with three rooms with an intention of giving them on rent. Few people have approached me. What are the legal documents I should get from them before giving on rent. Is there any law prescribing the rent and security amount in an area.
PREPARATION OF LEASE AGREEMENT
A rent agreement is a legal document which binds the landlord and the tenant to comply with the mutually-agreed conditions. It is the most crucial document in case of a dispute between the two.
Therefore, utmost care should be taken in drafting the document. It should state all terms and conditions clearly to avoid any dispute in future. Take the help of a legal expert to draft the lease agreement. Try doing a reference check and, most important, ensure that a police verification done. FOR PURPOSE OF ASCERTAINING CORRECT RENT AMOUNT YOU CAN NOT ASK MORE THAN MARKET RATE.
A rent agreement is a legal document which binds the landlord and the tenant to comply with the mutually-agreed conditions. It is the most crucial document in case of a dispute between the two.
Therefore, utmost care should be taken in drafting the document. It should state all terms and conditions clearly to avoid any dispute in future. Take the help of a legal expert to draft the lease agreement. Try doing a reference check and, most important, ensure that a police verification done. FOR PURPOSE OF ASCERTAINING CORRECT RENT AMOUNT YOU CAN NOT ASK MORE THAN MARKET RATE.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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