A rental lease agreement is essential prior to renting a home, or to avoid nasty surprises about hikes in rent, non-payments, hidden charges and more. Here are 3 important rent agreement checkpoints that you should do prior to signing this type of contract.
Rent clause
First of all, you have to check the amount of rent that is to be paid and the clause of increment. In case the agreement does not mention about any hike, and a landlord decides to raise the amount after every few months, his tenant can confront him with full confidence. Basically, the purpose of such a document is to outline all the terms and conditions of rent as well as to reduce the risks of the rental terms being flouted. For more information about getting a free rental agreement pdf, please visit this website.
Terms about damages & repairs
This type of contract should make a clear mention about who will be responsible for paying for regular maintenance, paint job or whitewashing that is needed in the home after the shift. These might include replacing old plumbing or electrical wiring, as well as other wear and tear inside homes. Also check whether the property owner would be responsible for the repairs, if there is any damage due to natural disasters or accidents. The rental lease agreement has to clearly mention who would pay for which type of maintenance and repair.
Charges and fees for facilities
Find out whether the agreement mentions about any penalty being imposed for delay in rent payment. It needs to state clearly by which date rent payment is expected, as well as the charges incurred in case the payment is not made within the due date. Tenants might also be expected to make payments for various types of facilities, such as swimming pool, club, parking and gym, irrespective of whether or not they avail these.
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