Property Tips: While making a Rent Agreement, check these 4 things carefully..

There is a large section of people in the country who do not have their own house and they live in rented houses. At the same time, many people who leave their homes in small towns and go to other cities for jobs, also live in rented houses. While taking a house on rent, there is a rent agreement between the landlord and the tenant. This is a kind of written agreement in which important things related to rent and house-related arrangements are mentioned. If you are also a tenant, then while making a rent agreement, pay special attention to some things, so that you do not have to face any problems later.

Rent and Security
How much rent will you pay to the landlord every month and how much security you have deposited with him, make sure to mention these things in the rent agreement. Also, get the rules related to returning the security written. So that everything remains clear between you and the landlord. Keep in mind that the agreement is an agreement between the landlord and the tenant, if the landlord has written his rules in it, then you can also get yours written in it. After signing, keep a copy of the rent agreement with you because it can help you in all your work.

When will the rent increase
Decide beforehand with the landlord when he will increase the rent and by how much. Include this in your agreement as well. So that the landlord cannot increase the rent more than the fixed ratio. Usually, the rent of the house increases by 10 percent every year. If you want, you can agree to this or you can convince the landlord to increase the rent a little less.

Repair and maintenance
The house in which you are living needs repair, maintenance, and painting from time to time. In such a situation, who will bear this expense, this should be mentioned in the agreement. On the other hand, if any accident happens, then who will compensate for the damage caused to the house? This should also be written on the agreement.

Which bills are mentioned in the agreement
Many types of rules and conditions are written on the rent agreement. Read them very carefully. Check if the landlord has mentioned any penalty for paying the rent late. Apart from this, you should also check about the electricity, water bills, house tax and facilities like gym, swimming pool, parking, club, etc. and the payment for the same. This means that keep in mind that only those bills should be mentioned on the agreement, which you will pay to the landlord.

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