Rent

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Clearly defined, dispute free rental agreements. Fill in the blanks to create, eSign and git it done. Legal way for renting. LawDocs services for the home delivery of your rent agreement. Drafts for rent agreement, receipt of payment, notice for repair etc.

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Agreement for Paying Guest

Compromise between Landlord and Tenant

Notice by Tenant

rent to own contract 01

Rental-Agreement-Sample-and-all-you-need-to-know-Google-Docs

Rental-Agreement-Sample

roommate agreement template 06-converted

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List Of Documents Required

property2, Agreement with Advertisement Agent, Advertisement & Media, Partnership and Founders, Trusts and Wakfs, Hire-Purchase, Sale of Goods, Receipts, Hypothecation and Pledge, Cancellation of Instrument,Will, Family Agreement And Settlement, Exchange of Property​, Indemnity Bond, Bonds, Indemnity and Guarantee

General Agreement

  • Proof of right of title/interest
  • e-Stamp paper
  • Two Passport Size Photographs
  • e-Registration fee Receipt of Registration fee
  • Original ID Proof of concerned Parties

Frequent questions, quickly answered.

Concept of Rent Regulation:

In simple words “Rent” is used as a part of produce. Which is paid to the owner of the land for the use of his property, goods or services. Rent is a return made by a tenant or occupant of real property to the owner for possession. And use thereof especially a sum of money agreed upon between a landlord and a tenant for the use of real property. Hence, it is the income from the ownership of land, property or other free gifts of nature.

Following can be pointed out as the differences between lease and rent regulation:

Sr. No.

Lease

Rent

1.

Lease is entering into a contract with the lease for a long period of use an assets/property

Rent is entering into an agreement with tenant for a certain period to let him use an asset/property

2.

Usually leasing contract is signed for long term

Rental agreement is signed for short duration

3.

Leasing contracts are based on accounting standard 19 as per Indian accounting standards

No particular accounting standards is followed or applied in rental agreements

4.

Parties to lease are lessor and lesee

Parties to rent are landlord and tenant

5.

Monthly instalments are paid for the lease property

A rent is paid monthly/quarterly for using such rental property

6.

In lease responsibility of maintenance of the assets lies with the lesee

the responsibility of maintenance of the property lies on the tenant

7.

Once the contract is sign there is no change in contract for the fix period of time

The landlord can change the terms of agreement any time he chooses to in rental agreement

8.

Once the term is over the lessee is asked to purchase the asset or property

No such offer of purchase is given to a tenant in the case of rent agreement.

Following can be considered as various types of rents regulation:

  1. Economic rent:

It refers to the payment made for the use of land along. But in economics the term rent is used in the sense of economic rent itself.

  1. Gross rent:

is the rent which is paid for the services of land the capital invested on a particular property.

  1. Scarcity rent:

This type of rent refers to the price paid for the use of homogeneous land, when its supply is limited in relation to demand. If whole land is homogeneous but demand for land exceeds its supplied the entire land will earn economic rent by virtue of its “scarcity”.

  1. Differential rent:

refers to the rent which arises due to the differences in the fertility of land. T he surplus which arises due to the difference in fertility and productivity of the land is called differential rent of the land.

  1. Contract rent:

Contract rent refers to that rent which is agreed upon between the land owner and the user of the land on the basis of the contract which may be verbal or written contract. Such contract rent may be more or less then the economic rent.

A Rental Agreement document

The amount of rent decided by the parties and mode of payment; cash, cheque or demand draft is usually used. Also, the document must include the duration for which the rent has to be paid. Paying guest, serviced apartments and other short-term accommodation require payment on the daily or weekly basis. While long terms payments are paid monthly.

Essential utilities

Essential utilities and their connections such as; gas, electricity, phone, television, internet, and water must be included in the rental agreement. Also, include if the rates for the same are included in the rent or paid separately.

Sometimes a landlord may choose to add lifestyle restrictions. This is very common in South India where most rental accommodations restrict its tenants from the preparation of non-vegetarian food in the premises. Other restrictions, such as’ marital status, gender are also considered.

  • The consistency of license fee to be paid in the entire period
  • Clarity of costs associated, such as; municipal taxes, society fees, and other charges.
  • Return of deposits when the lease is terminated.
  • Clauses defining what happens in case the expectation is not met.
You can create a rental agreement by using our easy and error-free rent agreement format in the following scenarios:
  • While letting out or renting a house, apartment or commercial space for rent.
  • To have a formal written agreement with your landlord or tenant.
  • document & enforce general and specific clauses
  • register the agreement with local authorities
The important points to be covered in a rental agreement are as below:
  • Rent and Deposit
  • Maintenance, Electricity and Water Charges
  • Damages, Repairs and Alterations
  • Tenant’s Responsibilities
  • Owner’s Responsibilities
  • Lease Termination & Extension
  • Miscellaneous Clauses
Once you’re ready to print the document, follow the checklist below for an error-free agreement.
  • The document needs to be printed on Stamp Paper of a recommended value.
  • Ensure both the parties (landowner and tenant) sign at the bottom of each page and at the end.
  • Signature of the witnesses along with name and address.
  • Include details of fixtures and schedule of the property as an attachment.
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