A rental agreement is a legal document which lays out the terms and conditions under which the rented property is rented by the property owner to the tenant. The rent agreement lays down the manner in which the relationship between the landlord (owner) and the tenant would be regulated.
The agreement is a crucial piece of document as it enumerates the period for which the property is given on rent, the rent amount to be paid, security amount to be submitted, the conditions in which the agreement can be terminated and tenant can be evicted, dispute resolution and the law applicable.
After the relevant documents are submitted, the lawyer prepares a draft rental agreement and sends it for approval. The agreement is finalised after any changes, if required and notarised by the lawyer. The document is ready to be signed by the landlord and tenant after notarisation.
- ID proof of landlord and tenant like Voter ID card, Aadhar Card, driving license, passport, etc.
- Residential proof such as electricity bill, telephone bill or mobile phone bill registered to the address.
- Details pertaining to the clauses of rental agreement.