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Rental Agreements: Key Factors to Review Before Signing for Fair Terms

By Lokmat English Desk | Updated: October 24, 2024 12:55 IST

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Rental agreements require careful review of several important factors before signing. These checks are crucial for both tenants and landlords to ensure a transparent and fair rental arrangement.
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The rent agreement should clearly specify the duration for which the rent hike will apply, whether it's a long-term contract of four to five years or a short-term contract of 11 months. Additionally, it should outline the rate at which the rent will increase over time.
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The notice period must be clearly stated in the rental agreement, as it is crucial for both the owner and the tenant when it comes to terminating the agreement. This helps avoid any misunderstandings or disputes regarding the timing of termination.
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Tenants are typically prohibited from subletting the property to others without the landlord's consent. Additionally, homeowners often do not offer parking facilities for tenants or may have restrictions on keeping pets within the premises. It’s important to discuss these aspects upfront to ensure clarity and avoid potential issues later on.
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Most rental agreements pertain to fully furnished or semi-furnished homes. In these cases, it is essential for the contract to include a detailed inventory of the furniture and fittings provided to avoid any disputes regarding their condition or ownership.
Tags: Rent Houses
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