How do I extend a rental agreement in India?
Extending the rental agreement is very simple. We just need to make few amendments to the existing terms & conditions. Below is the list of few amendments to be incorporated in renewal agreement or agreement extension. Add the word “renewal” or “extension” in the title of an agreement Agreement execution date changes to current date Landlord and tenant age might change by one year (This is applicable only if age details mentioned in agreement) Renewal agreement commencement and end date changes. Generally, renewal agreement commences from very next day of the current agreement end date. Rent might increase by around 5% Security deposit remains same Monthly maintenance of a flat in apartment society may have an impact if apartment society increases or decrease maintenance cost. Water, electricity, gas and parking charge may have an impact Consider removing lock-in period if mentioned in 1st-time agreement. Notice period remains same. However, we may modify notice period under the mu
