The rental agreement is a pact between the tenant and the landlord. Through this pact, the owner provides a legitimate license to the tenant to occupy residential premises. The rental agreement is either verbal or written form. However, the rental agreement plays primary role in sustaining a healthy relationship between the landlord and tenant so it should be in documentary form. The primary advantage of the document form of agreement is, it explains all the terms and conditions of before and after space occupation of the tenant agreed by both the persons. Once the tenant and the landlord complies and signs the document, it is not possible to modify again until both landlord and tenant agree.
The landlord must give the tenant few primary information such as the name and residence address of the landlord with the contact number. Name and contact number of the person who is responsible for the residential areas. The landlord has end to end rights to question regarding the names of the people who are occupying the premises. The rental agreement is performed for fixed duration of time, such as for few months or for few years period. Basically, the rental agreement is signed for eleven months after occupying the place. Both tenant and landlord are agreed by terms and conditions until the reach of eleven months or to the pre agreed period as per to the agreement. The tenant should receive the copy of rental agreement once the agreement is signed or within 21 days after signed.
In the agreement, it should be specifically mentioned about the services and the equipment that are added in the rent. According to the agreement the tenant must afford the rent on the 1st day or within 1st week of the month. Even the tenant can afford the rent in different date if both the persons agree. If the rent is not given by the tenant as per the agreement conditions, the landlord can issue the notice of termination to the tenant on the following day. The landlord is not responsible for any of the damages to the personal property of the tenant. If the tenant wishes for compensation for the losses or damages to their personal belongings the tenant must obtain the tenant insurance.
Are you heading towards Bangalore, Karnataka? This is the beautiful city with many tourist spots and top notch weather condition. This is the quick developing city in all the sectors especially the IT sector. There are huge job opportunities are being generated in Bangalore in the huge rate, this is one of the big reasons why people across the world are heading more towards Bangalore. So people are moving to Bangalore and as the result of the same on the other side the requirement for rental homes are exponentially increasing. Although the city generates place for all you must know the proper way about renting in this city.
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