What are some points to remember while drafting a rental agreement?

 Here are the few points to remember while drafting a rental agreement.

  1. Rental agreement made and execution date
  2. Landlord’s name, age, residential address and pan number
  3. Tenant’s name, age, permanent residential and pan number
  4. Complete address of rental premise address
  5. Rental duration or rental cycle
  6. Year on year rent appreciation value or percentage
  7. Rent commencement date
  8. Monthly rent
  9. Monthly maintenance cost
  10. Refundable security deposit
  11. Any other additional cost like electricity, water, gas, parking charge etc..
  12. Bank account to transfer monthly rent
  13. Date of rent payment
  14. Is sub-letting or re-letting allowed or only for said tenant possession
  15. Purpose of accommodation (Residental or commercial)
  16. Renovation cost (Painting & cleaning)
  17. Responsibility for damages & repairs
  18. Rules & regulation of owner’s association, society or maintenance office
  19. Details of periodic property inspection
  20. What if rent is not paid on time? Maybe penalty or late payment fee?
  21. Taxation
  22. Notice period
  23. Complete schedule of the property with fixtures, fittings and furniture details with brand name & quantity
  24. Section or space for signature of landlord, tenant, and witness

Below we attached the image of mock draft for your consideration.

Image for post
Image for post
Image for post

Please write to us if you looking for mock agreement in word format. We share draft at no cost.

In Karnataka, we provide rental agreement service with notary and home delivery. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91–9742479020.

Thank you for reading…

Location: Karnataka, India

Comments

Post a Comment

Popular posts from this blog

Who provides a good service on exterior cleaning in Bangalore?

Image
  When it’s time to give your home’s exterior a good cleaning, Whatsapp to +91 - 9 7 4 2 4 7 9 0 2 0. Your home will love you! When it comes to the inside of your home, you usually stick to a pretty regular cleaning schedule. But it’s easy to forget that the outside of your home needs some attention too! But after a long winter, all sorts of dirt, grime, mold, mildew, and other nasty substances can collect on your siding, windows, walkways, patios, and more. Cleaning your siding regularly extends its life and adds instant curb appeal to your home. Virtually every surface of your home can be “detailed” by us. Our friendly, janitors have the knowledge and equipment to clean your siding, windows, trim, flashing, gutters, decks, patios, and driveways. One phone call or Whatsapp and you can schedule your visit from us. House Washing Services We use two methods to wash your home soft wash or hand wash and pressure washing. Both methods are effective. For vinyl, wood, and delicate surfaces, h
Read more

What is the format for an affidavit for a joint Khata transfer BBMP SAKA online service?

Image
When we apply for BBMP khata transfer through online (Sakala online service), Just one e-sign is accepted. As of now, no provision for multiple e-sign for one application It means, among the co-owners, only one owner can able to represent the khata transfer application. Hence it is mandatory to submit an affidavit for joint Khata transfer, to represent an applicant. Below is the format of an Affidavit for Joint Khata transfer. AFFIDAVIT FOR JOINT KHATA TRANSFER (Title should come at center) We, OWNER NAME 1 aged about __ Years, S/o __________________ and OWNER NAME 2, aged about __ Years, S/o ________________ both residing at _____________________, are applying for the joint Khata transfer for property, which is situated at No. ________________, In the ward No. ___ and zone _______________ of BBMP. PID Number/ Old Khata No/ Survey No is _____________, We both are the joint applicants for Khata Transfer, and we authorize OWNER NAME 1 for e-signing the application for Khata transfer on o
Read more

NRI (Indian): Can my parents prepare and send a power of attorney from India, for purchasing a property in my name? For me to sign and send back to them? I live in the UK. And PoA is for loan purpose or for registration purpose?

Image
  No, that will not be a valid Power of Attorney (POA) Prepare a POA in India, send it to UK for your sign, and send it back to India for a home loan and deed registration is not a valid procedure to execute a POA. Because when your parents prepare POA in India, your presence requires in sub-registrar office in India for your fingerprint verification and webcam photo, therefore your parents may not able to send a registered POA to UK Instead of your parents prepare a POA for you, you can prepare a POA in UK and send it to India for registration. Below is the step-by-step procedure that how we prepared the POA in UK and sent it to India for property deed registration and home loan clearance. Step 1:  Prepare a POA draft in word format, if you don’t have a draft, please write to us. we help you with the draft Step 2:  Print the draft on normal A4 size paper. Step 3:  Attach your passport size photo at the last page of your POA Step 4:  Take an appointment from an Indian consulate in UK o
Read more