Rental Agreement In 5 Minutes

This agreement lays down the details such as the duration, the rental amount, terms and conditions and responsibilities of both landlord and the tenant. Having a rent agreement in place can save time and trouble for both landlord and the tenant. For landlord, the agreement ensures that the rent is being paid on time and the property is being maintained my the tenant. For tenant, it ensures that the landlord does not change the terms of the rent according to his/her will or ask you to vacate the property.

To make this agreement legally enforceable, print it on a non-judicial stamp paper duly signed by both the concerned parties. Use this agreement if You as an owner of a property are looking to rent it out to an individual or a company. You as an individual or a company wish to rent a place.

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Frequently Asked Questions

This agreement lays down the details such as the duration, the rental amount, terms and conditions and responsibilities of both landlord and the tenant. Having a rent agreement in place can save time and trouble for both landlord and the tenant. For landlord, the agreement ensures that the rent is being paid on time and the property is being maintained my the tenant. For tenant, it ensures that the landlord does not change the terms of the rent according to his/her will or ask you to vacate the property.
Who needs this agreement and why?
To make this agreement legally enforceable, print it on a non-judicial stamp paper duly signed by both the concerned parties. Use this agreement if You as an owner of a property are looking to rent it out to an individual or a company. You as an individual or a company wish to rent a place.
What is the use of Annexure?
The following are all the major clauses included in this agreement:
  1. Term- states the particular timeline including the commencement date.
  2. Rent and Deposit- contains information regarding rent amount, late payment charges and bill payment.
  3. Details of the said Premises- describes the ownership, location, and details of the property.
  4. Electricity and Water Charges- defines who shall be liable to pay for the aforesaid charges.
  5. Damages, Repairs and Alterations- mentions the duty of the lessee to develop, improve and repair the premises of the leased property, and the sub-clause deals with the prospect of remodeling and structural improvements.
  6. Tenant's Responsibilities-assigns and explains the duties and expected actions of the Tenant.
  7. Landlord Responsibilities- states the roles and responsibiLities of the landlord.
  8. Lease Termination and Extension- states condition for termination and extention of lease.
These are a few terms which might be useful to read about for a better understanding of this agreement:
  1. Landlord-the person or company who leases a property to another.
  2. Tenant-the person to whom a property is leased or let out.
  3. Demised Premises-refers to the property that has been leased out.
  4. Waiver-defined as the voluntary surrender of a right or privilege.
  5. Force Majeure-refers to events commonly called the 'Acts of God', these are unavoidable and unforeseen events beyond the control of either party. Examples are earthquakes, hurricanes, floods, wear and tear, wear and tear due to fire, terrorist attacks, wars, riots, and raids, among other things.
What are the legal jargons used in this agreement?
Kindly note that for making this agreement even more user friendly, we have provided an additional Appendix section in the end. There is one appendix section in this particular agreement which is to be filled by the user. Appendix I contains details about the equipment that would already be installed in the rented premises.
How to use this agreement?
The following are all the major clauses included in this agreement:
  1. Term- states the particular timeline including the commencement date.
  2. Rent and Deposit- contains information regarding rent amount, late payment charges and bill payment.
  3. Details of the said Premises- describes the ownership, location, and details of the property.
  4. Electricity and Water Charges- defines who shall be liable to pay for the aforesaid charges.
  5. Damages, Repairs and Alterations- mentions the duty of the lessee to develop, improve and repair the premises of the leased property, and the sub-clause deals with the prospect of remodeling and structural improvements.
  6. Tenant's Responsibilities-assigns and explains the duties and expected actions of the Tenant.
  7. Landlord Responsibilities- states the roles and responsibiLities of the landlord.
  8. Lease Termination and Extension- states condition for termination and extention of lease.

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