Landlord Tenant Act

The most important section of Landlord Tenant Act is the written documentation of all the terms and conditions agreed upon by the Lessor and the Lessee. Keeping in mind the fraudulent activities associated with verbal agreement, Landlord Tenant Act recommends written agreement. Normally rental agreements are of the following two types:

• Lease: According to the Landlord Tenant Act, Lease allows renting for a fixed span of time. During the time frame of occupancy, the Landlord can't alter the terms agreed initially and increase rent without the consent of the tenant.

• Month wise Agreement: This agreement offers the flexibility of longer period of stay, according to the Landlord Tenant Act. The agreement needs to be renewed regularly and allows the property owner to make addition alterations to the basic terms and conditions with prior notification.

An authentic Rental agreement should mention the following, according to the Landlord Tenant Act :

•  Mention of the kind of rental contract;

•  Full name and address of the tenant and the proprietor or his agent;

•  Exact number of humans and pets to stay in the rental unit;

•  Full name of the person taking the security deposit;

•  Justifications of the landlord in case he wants to keep the deposit with him;

•  Sum of money paid as rent and the payment mode;

•  Forfeit amount for delayed payment;

•  Specifications of the maintenance duties and how the payment shall be made;

•  For abodes built before 1978, a listing of lead based paints should be made;

•  Criteria other than the above mentioned ones.

Landlord Tenant Act also underlines the wrong methods and statements often made rental contracts.

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