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Q.

I'm staying on rent..so rent agreement will consider

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1

4 Year

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0 2021-12-06T17:10:51+00:00

Hi,

Signing up a rental agreement with your landlord is as crucial as a contract between you and the place you are working at. A rental agreement protects your rights as a tenant as you possess the property temporarily. The rental agreement contains all the details related to rent such as the name of the landlord, description of the property, amount of rent, due dates to pay the rent, mode of rent, terms and conditions to terminate the agreement if by change any rules are violated etc. 

Some of the important terms in rental agreement includes:

  • Duration

  • Rent

  • Deposits

  • Terms of Use

  • Utilities

  • Insurance

  • Repairs and maintenance charges

NoBroker provides rental agreement services to the tenants and makes sure that the rental agreements are created in a way that will benefit the tenants.

Visit this page to execute a rental agreement in a hassle-free manner.

You can claim exemption from income tax by producing the rent receipts as proof of rental payment and claiming HRA deduction.

Read more:

What is Lock-in Period in Rent Agreement?

Does HRA come under section 80C?

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