How to make rent agreement format?

It is well said that once you have invested in a property it will always pay you in return. Buying and then renting the property has become the new trend of real estate, especially in metropolitan cities. If you are becoming a landlord for the first time, then you need to understand the concept of

house rent agreement format:

Rent agreement is a legal document that proves the contract between the landlord and the tenant of the house. This document is proof for the tenant that they are legally living in that property. The rent agreement holds the information such as: agreed rent, security deposit amount, notice period before leaving the property, address of the property, contact details, area of the property etc.

• Notarized rent agreement

• Registered rent agreement 

Before knowing the house rent agreement format you need to understand what are the essential details needed to mention in the rent agreement. 

• Occupants details: 

It is advisable to mention the details of all the occupants , who are going to stay in the property.

• Duration of stay:

It is mandatory to mention the duration of stay. So that the landlord will set an alarm to search for new tenants for his/her property. Also if the duration date is mentioned in the agreement it will keep the landlord and the occupant on the safer side.

• Rent amount:

Rent amount is one of the important elements of the rent agreement. The amount mentioned in the rent agreement is the mandatory amount that the tenant has to pay every month on the date  mentioned in the agreement.

• Maintenance costs:

The maintenance cost depends on the owner and the tenant agreement. In some cases maintenance is paid by the owner. Whereas in case it is taken care by the tenant itself for any kind of damages done in the property. 

• Exit rules:

The tenant has to serve the notice period before vacating the property. If the tenant fails to do so then the owner has the right to deduct the security deposit amount.

These are the mandatory details that need to be mentioned in the rent agreement format in word.

1. Original proof of the property can be sale deed, registered deed.

2. Tax receipt of a property that be will leased on that rent agreement.

3. Both parties need to provide passport size photographs

4. The landlord and tenant need to provide passport size photos of the witnesses from each side.

5. A copy of the address proof of both parties and witnesses. 

6. Any government address proof such as aadhar card, driving license, ration card etc.

This is all about rent

agreement format. Hope you have understood how to draft the rent agreement format in word by reading this answer.

Creating a rent

agreement sample India

involves specifying the terms and conditions agreed upon by the landlord and the tenant.

Here is a general

rental agreement format India

:

This Rent Agreement ("Agreement") is made and entered into on this _______ day of ______

, by and between:

Name: [Landlord's Full Name] Address: [Landlord's Full Address]

Name: [Tenant's Full Name] Address: [Tenant's Full Address]

Description of the property: [Detailed description of the rented property]

Monthly Rent: INR ________

Security Deposit: INR ________

This agreement is valid for a period of ____________ months, commencing from ____________ to ____________. The tenant shall vacate the premises on or before the expiry of this term, unless otherwise agreed upon in writing by both parties.

1. Rent Payment:

   The tenant agrees to pay the monthly rent on or before the ____________ day of every month directly to the landlord.

2. Security Deposit:

   The security deposit will be refunded to the tenant within ____________ days of the termination of this agreement, after deducting any dues or damages.

3. Utilities:

   The tenant is responsible for paying all utility bills, including electricity, water, and gas, unless otherwise specified in writing.

4. Maintenance:

   The tenant shall maintain the property in good condition and promptly inform the landlord of any damages or necessary repairs.

5. Termination:

   Either party may terminate this agreement by giving ____________ days' written notice to the other party.

6. Jurisdiction:

   Any disputes arising out of this agreement shall be subject to the jurisdiction of the courts in [City/District].

[Landlord's Signature]

[Date]

[Tenant's Signature]

[Date]

This is a general

rent agreement sample India

.

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