The agreement should also have the description of the house you are renting, such as the floor or apartment number, the surface of the house, the number of bedrooms, bathroom, living room, kitchen and so on. If it is a furnished house, make sure there is a list of all faucets and faucets like beds, sofas, tables, chairs, cabinets, number of fans, air conditioning, lights, etc. When Srivastava started the problems with his owner, the owner refused any help and asked him to pay out of pocket for sanitary and cable repairs. Srivastava had failed to read the fine print of the agreement, which contained a slightly adjusted clause in favor of the owner. A lease guarantees that you will have recourse later in the event of a problem between you and your landlord, hence the importance of being careful with the terms of the contract. Here are some must-have clauses for the lease. 2. Rent is prepaid or postpaid: Another gray area in the lease. Recently, one of my clients evacuated the apartment and the landlord asked for rent for last month. He felt like he was paying rent early since he paid a month`s rent before moving home. Finally, after so much effort and withdrawal of all bank statements, he proved that the rent was paid in advance.

The rental agreement usually mentions that the rent is paid on or before the 5th of each month. After a while, tenants lose sight of the whole picture. You must always indicate in the rental agreement whether the rent is paid in advance or at the end of the month. Each lease must indicate between whom the contract exists. In the case of a lease for a leased property, this agreement exists between the lessor and / or the lessor`s representative and the tenants who will occupy the property. All tenants over the age of 18 must be mentioned on the lease. The address of each party should also be included. As long as you have these terms in your rental agreement, protect yourself if your tenant is someone you no longer want to rent to. The lease offers you a simple way to entice them to move and show what they are responsible for if they do not leave voluntarily.

As a rule, rental contracts are concluded for a period of 11 months. However, you can also enter into a contract for a longer period. Make sure the mandate is clearly stated. « Ideally, you have to register the lease, » Malhotra said. In the event of a dispute, unregistered leases are not considered by the court as the main evidence and you may need to provide other supporting documents to prove your progress, he added. It is worth mentioning when and how the contract can be renewed, how much the rent will increase at the time of the extension, whether or not there are provisions to renegotiate the rent. Even in cities like Mumbai, real estate agents added clauses in the original agreement regarding the payment of brokers at the time of the extension. Discuss this clause and find out in advance what the brokerage amount will be for the extension and who will pay it..

. .