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What is a Rental Agreement

A Rental Agreement is an agreement or a contract between an owner and the one who is taking temporary possession of the property of the owner, also known as a tenant and owner(lessee and lessor). A rental agreement is made for various purposes ranging from property, boxes, personal belongings, DVDs, appliances, etc. Most commonly used for real estate properties in and around India. Rent under a Rental Agreement is calculated on a monthly basis and usually lasts for 11 months after which it can be extended depending on the owner and tenant. In most cases, a security deposit is to be paid on a rental agreement by the tenant to the landlord and can range from anywhere between 3-10 months of the rental value. A Rental Agreement secures not only the rights of the owner but also protects the tenants from any unwanted claims. Both sides' rights are safeguarded before entering into the rental contract.

Why do you need a Rental Agreement ?

Reduces Legal Liabilities and provides protection
A tight-knit Rental Agreement provides proper protection to both the parties to the agreement, not leaving any loose ends.
Good Relationship between the parties involved
A rental agreement helps reduce confusion between the landlord and tenant and ensures a good relationship between them as their obligations, roles are weighed out in an equal manner.

Documents we need

Identity proof, such as Aadhaar Card, driving licence, passport, etc., of the landlord and tenant.
Address proof of the authorised signatory, from both the parties.
Company PAN card and company seal/stamp, if it is a commercial property.
The original proof/evidence of ownership or title of the property.
Property documents, such as Index II or tax receipt of the property to be leased.
Route map of the property rented out.

Important Clauses

Details of the parties
Names, Id Proof, and other relevant information of the parties like contact info, etc.
Description of the property
This clause gives a description of the property with regards to size, dimensions, etc.
Mode of rent payment
This clause talks about the method of payment and the date on which it must be paid each month.
Security Deposit
This Clause speaks about the amount of the security deposit and the account where it is held.
Amenities
This clause will speak of the amenities and facilities on the premises which the tenant is entitled to use.
Rules and regulations
This clause speaks about things such as rules, noise rules, and penalties for violation.
Car Park
This clause speaks about the identification of parking available, including designated parking spaces, if provided.
Repairs and Maintenance
This clause speaks about how tenant repair requests are handled and procedures for emergency requests.

What's the process ?

1. ASSESSMENT
Our team will reach out to you to obtain the necessary information to assess the details of the nature of the Rental, the reason for such rental, and all other necessary information.
3. FIRST READY DRAFT
We will complete the first draft of the Rental Agreement and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
2. DUE DILIGENCE AND DRAFTING
Once we receive the information, we will begin drafting the agreement from scratch and mention all the important clauses to the Agreement
4. FINAL AGREEMENT
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Rental Agreement as per your needs will be accomplished in 72 working hours.
1. ASSESSMENT
Our team will reach out to you to obtain the necessary information to assess the details of the nature of the Rental, the reason for such rental, and all other necessary information.
2. DUE DILIGENCE AND DRAFTING
Once we receive the information, we will begin drafting the agreement from scratch and mention all the important clauses to the Agreement
3. FIRST READY DRAFT
We will complete the first draft of the Rental Agreement and email it to you for approval within 48 hours. Following approval, any necessary adjustments will be made and submitted to you on the agreed next date.
4. FINAL AGREEMENT
With a high-quality team of professionals, the entire process of creating the draft and delivering the final copy of the Rental Agreement as per your needs will be accomplished in 72 working hours.

Why choose us

PERSONALISED SERVICE

A dedicated Case Manager ensures quick turnout to all your queries and tailored solutions that fit perfectly for your requirements.

72 HOURS DELIVERY

All your drafting queries are addressed, understood, and delivered with quality under 72 Hours.

EXPERIENCED TEAM

Our team of dynamic professionals is well experienced and extremely proficient to cater to your needs, ensuring the best service.

24/7 HELPLINE

We are available to address and clarify all your queries round the clock. So you can worry less and focus more on the business.

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