Key Points
A landlord should ensure that the following clauses are added to the rent agreement.. 1. Obligation to pay rent, utility charges on time: The rent agreement should mention the obligation of the tenant to pay rent and utility charges on time..
Kaur says, "The rent agreement should have an undertaking from the landlord that such charges have been paid off or that the landlord will be liable for paying all charges for the property including charges for electricity, water, and maintenance before the agreement comes into effect.". 2. Security Deposit: Gupta says, "The tenant should ensure that on termination or expiry of rent agreement, how the refund of security deposit will happen.".
Deduction of expenses from rent: Suresh Palav, Partner, IndiaLaw LLP, says, "Tenants must get a clause added in the rent agreement that if the landlord neglects any repair work, the cost borne by the tenant in getting the repair done will be deducted from rent."..
The following clauses in the rent agreement can help both the landlord and tenants avoid future disagreements during the lease period as well as at the time of termination/expiry of rent agreement.. 1. Tenure of the lease: The tenure of the lease must be clearly specified in the rent agreement...
Palav says, "A good agreement should accord a balance of rights between both the landlord and the tenant which simultaneously protects the right of the landlord to recover his possession and also the right of the tenant for a fair rent and recovery of his deposit."..
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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.