What is a rental agreement?

If you own a property and you are planning to put it on rent. Then you should know about the rental agreement and make sure that you follow the complete legal process for the rent agreement. Understand as per law what is a rental agreement What to include in a rental agreement Rent agreement is a legal document that clarifies that the person living in property is staying legally. Rent agreement holds the agreed monthly rent paid by the tenant to the owner. As per the Tenancy law the owner can only increase the rent upto 10% after the 1 year of stay in a property. Things mentioned in the rent agreement

• Duration of stay in the property.
• Amount of rent
• Things are property in the property by the owner such as Furnishing, electronic appliances etc.
• Additional conditions if any are asked by the owner to follow.

What is a long term rental agreement Long term agreement is also known as the lease. When a person occupies a property for more than a year then that property is taken on lease from the owner, Lease is called a long term agreement. This is all about rental agreement hope your query is resolved about what is a rental agreement? Avail rent agreement at your doorstep From NoBroker