Key Points
When renting out their house, landlords must ensure that the rental lease agreement includes clauses that protect their rights..
These clauses would help the landlord in case of tenant damaging the property, not maintaining it, using it for illegal purposes, not vacating after expiry of lease agreement etc...
"While granting properties on rent, the landlord should ensure that they enter into a written agreement with the tenant mentioning the terms of the lease and ensure that certain essential clauses are covered," she says.. Here are some clauses that experts say landlords must add in a rent agreement to protect their rights:..
Duration of the rent agreement: The rent agreement must mention the duration for which the house property has been rented out along with the lock-in period, if any. Naik says, "If the tenant wants to leave the house before the expiry of the lock-in period, the rent agreement must mention the consequences that will entail."..
Jain says, "The rent agreement must contain a clause that the tenant will not sublet, assign or otherwise part with the possession of the premises to any third party and that he will not use the property for any purpose contrary to law."..
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Rent agreement clauses that landlord, tenant should add to avoid fights in future
15, Mar, 24Rent agreement clauses for landlord, tenant: It can happen that the landlord and tenant are unable to add all the clauses to protect their interests in the lease agreement. However, there are certain clauses that should be added in the rent agreement to avoid future disputes. These clauses will help both landlord and tenant as well as protecting their respective interests.