In India, a rent agreement is governed by the provisions of the Indian Contract Act, 1872, and the respective state’s Rent Control Act, if applicable. Here is the format, components, and legal significance of a rent agreement in India:
Category Archives: Rental
Unrealized Rent: Managing Cash Flow in the Rental Market!
Tags: Rental
Unrealized rent refers to rental income that has been earned but not yet received by the landlord. It occurs when tenants owe rent that is due but have not yet paid it. The landlord recognizes the rental income as earned because the tenants have occupied the property and are obligated to pay rent according to […]
How will Rent Courts Resolve Tenant-Landlord Disagreements?
Tags: Real EstateRental Guide
Rent Courts, also known as Rental Dispute Redressal Courts, are a new initiative introduced by the Indian government to resolve landlord-tenant disputes in a timely and efficient manner. These courts are designed to provide a platform for landlords and tenants to resolve their issues without the need for lengthy legal battles.
What Kinds of Tenancy Agreements are There in India?
Tags: Real EstateRental Guide
Tenancy agreements are a vital aspect of the rental market in India. These agreements outline the terms and conditions of the tenancy and help to protect the interests of both the landlord and the tenant. There are several types of tenancy agreements in India, each with its own set of features and legal implications.
Rental Guide: Refund policies and security deposits?
Tags: Rental Guide
While renting a home, a tenant must pay additional security money to cover any unanticipated or unavoidable expenditures that the landlord may have to incur at the tenant’s request. This sum, known as a security deposit, varies by city; for example, in Delhi, it is normally 1-2 months’ rent, although in some major cities, it […]
Not Signing a Rent Agreement?: The Potential Pitfalls and Disadvantages!
A rent agreement is a legal contract that specifies all of the mutually agreed-upon terms and conditions between the landlord and the renter. They must pay a registration fee and appear in person at the sub-office registrar’s to complete papers and register the agreement. To save money and save paperwork, two parties may opt to […]
Why Landlord Insurance is a Must-Have for Renters in India?
Tags: Realty GuideRental
If you’re a renter in India, you may be wondering if landlord insurance is something you need to consider. Landlord insurance can provide peace of mind to both landlords and tenants by protecting the property and the occupants. In this guide, we’ll discuss what landlord insurance is, what it covers, and why it’s important for […]
10 reasons why renting a home in India might not be a wise choice?
Tags: Rental
India’s real estate market has expanded significantly over the years, with several new projects and developments popping up in different locations. Although renting a home could seem like a practical choice for many, there are some reasons why it might not be a wise choice in the long run. This essay will go over 10 […]
How do you calculate the rental value of your property?
Tags: Rental Guide
Do you intend to rent out your home to supplement your income? Renting not only necessitates the required repairs and upgrades to make the home appealing to tenants, but it also assists you in determining an appropriate rental value based on market sentiment. Knowing how to estimate the property’s rental value can help you as […]
What are the disadvantages of not signing a lease?
Tags: Rental
A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may […]
