A rental agreement is made while renting a property and it contains terms and conditions to be followed. It protects the interests of both the landlord and tenant.
It includes consideration, rights and obligations of both parties, and also the rental terms are established in the agreement. In most part of India such an agreement last only 11 months to protect against rental control laws. Agreements with a longer term need to be registered. A rent agreement should include the cost of the rent, amount of security deposit, date of depositing the rent, mode of payment, and other conditions of using the premises. In case of violation of the rental agreement, the aggrieved party can apply for relief in the civil court.
In India each states has its own rent control Act which governs the rental agreements in India. These state legislations settle disputes between the landlords and the tenants in their respective states.
Rental agreements can also be renewed when expired.
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