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Landlord Tenant Agreement

After preparing a valid Landlord Tenant Agreement the landlord needs to do the following:

•  Get it signed by the tenant and thereafter sign, himself;

•  Attach the money receipt of the security deposit and the updated inventory list;

•  Give the original copy of the Landlord Tenant Agreement with the attachments to the rent payer;

•  File the second copy for future use.

Points included in a valid Landlord Tenant Agreement

Before signing the contract make sure that the following points are made clear:

•  The period of possession of the property;

•  Whether the property is rented on monthly basis or its leased out;

•  The exact rent amount payable by the rentor and provisions for rent hike (if any);

•  Name, mailing address, phone no. etc. of the person authorized to collect the rent and to be contacted during urgency;

•  Clauses for untimely termination of the Landlord Tenant Agreement by either of the two parties involved.

Guidelines for the Landlord and the tenant in Landlord Tenant Agreement

The Landlord Tenant Agreement clearly states the "dos" and "don'ts" of the property owner as well as the rent payer, to safe guard them from getting into legal hazards. The responsibilities for time to time maintenance and renovations of the rented module is shared amongst both the parties by the state Landlord Tenant Act, after weighing the pros and cons of different situations. As per the statutory laws, the Landlord Tenant Agreement should include the distributed duties of the landlord and tenant.

 

 

 

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