Key Points
When residential properties are given out on rent, landlords put in many clauses in the lease agreement to ensure they are not cheated..
Nitin Jain, Partner of Agama Law Associates, says, "While tenants do not have much bargaining power to negotiate rent agreements, there are some significant clauses they must check or add to the agreement to protect their interests."..
Mitali Naik, Partner, DSK Legal, says, "The agreement should clearly specify the amount to be retained from the security deposit to pay utility bill dues or to cover any damage to the premises or the furniture and fixtures..
Natural wear & tear: The rent agreement should mention what kind of damage the tenant can be liable for. Kaur says, "A clause must be added in the lease agreement clarifying that the tenant will only be liable for substantial loss or damage and not for normal wear and tear of the utilities and fixtures."..
Naik says, "In the event the tenant is required to pay only the rent and the charges towards utilities, then the agreement should state that any amounts other than the aforesaid will be borne by the landlord.".
You might be interested in
Want a conflict-free rent agreement? Know these clauses for landlords and tenants
18, Mar, 24India Business News: Rent agreement clauses for landlord, tenant: Both parties aim to include clauses to protect their interests, though they may not include all desired c
Rent agreements must have these clauses to protect landlord's rights
20, Oct, 23To avoid facing a situation of errant tenant, it is important for a landlord to mention these clauses in the rent agreement. These clauses will help to have his/her rights on the ownership of property protected. Along with this, these clauses in lease agreement helps a landlord in ensuring to define responsibility and obligation of both landlord and tenants.
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.