Checklist for Rent Agreement

In order to safeguard the rights of both tenants/licensee and landlords/licensor, you must ensure that you have a written rent agreement. While finalising this agreement, it is very important to read all the terms mentioned in it.

These terms not only decide your rent amount and security deposit but also covers many other important aspects such as maintenance of the house/property you are leasing, payment of relevant bills, notice period of leaving, etc.

Ensure that the following provisions are present in your agreement (lease or leave and license agreement):

•  Names of Tenant/Licensee and Landlord/Licensor
•  Purpose of Agreement
•  Duration of Agreement
•  Rent Amount
•  Date of Payment of Rent
•  Security Deposit Amount
•  Maintenance Amount
•  Assignment of Responsibility of Repairs
•  List of Furniture/Fittings/Other items
•  Notice for Termination of Agreement
•  Notice for Landlord’s Entry into Premises
•  Declaration to Abide by All Bye-laws of the Society/RWA
•  Declaration to Not do Illegal Activities
•  Declaration to Sub-let Only With the Permission of the Landlord/Licensor
•  Courts to Approach for Dispute Resolution
•  Rate of Increment of Rent After a Certain Period, if any.
•  Signatures of Landlord/Licensor or Tenant/Licensee
•  Signatures of Two Witnesses