If you are someone who lives on rent. You will know that one of the most important documents for a tenant and the landlord is the rent agreement. One of the most asked questions about the topic is who will have original rental agreement. In this comment, i will be answering your queries about the same.
Who keeps the original rental agreement India ?
The rent agreement is used as legal proof for various reasons. The rent agreement will include details about the property owner and the tenant. It will also include details of the property including the location, agreed upon rent amount, tenancy period etc. You will have to submit identification proof ie PAN card , Aadhar Card, passport for the rental agreement verification.
Who should keep original rental agreement ?
In most cases, it is the landlord that keeps the original rental agreement. The tenant can always ask for a copy from the landlord. Both the parties involved ie the tenant and the landlord can sign the photocopy of the rental agreement.
Legally the rental agreement original copy will belong to the person who has paid for the stamp duty. The one who has purchased the agreement will get to keep the original agreement.
I hope your query about who will have original rental agreement has been cleared.
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As a new tenant, I was very concerned about who keeps the original rent agreement. I asked a few friends, and most suggested that the landlord usually keeps it. However, there is no hard and fast rule about it. This completely depends on the mutual understanding between the tenant and the landlord.
Who Should Keep the Original Rent Agreement?
Let me tell you who keeps original rent agreement. Both the original and the xerox copy of the agreement hold the same value. In my case, I have the original document. Usually, if you ask people who will keep the original rental agreement, they will say the landlord but there is no strict rule about it. If you want, you can take with you the original copy.
What does the rent agreement contain?
The rent agreement is an important document that states the terms and conditions that the tenant has to follow and mentions other aspects like
Rent amount
Tenure of the agreement
Yearly rental amount hike
security deposit amount
Maintenance and repair clauses
Termination and renewal rules and other aspects
This is a very important document so make sure as a tenant you have the original or a copy of it. I hope this answers the rent agreement original copy with whom is kept and the relevance of it.
Get Your Rent Agreement Drafted and Delivered on the Same or the Next Day via NoBrokerRead More:
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Authors Of The Question
Who Will have Original Rental Agreement?
Faiz
9580 Views
3 Answers
2 Year
2022-01-04T08:26:48+00:00 2024-03-19T17:38:00+00:00Comment
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