Essentials to know before you sign a Rent Agreement


Essentials to know before you sign a
Rent Agreement

Here are a few aspects and clauses you must not ignore and should be added at the time of the agreement.

  • Check the Landlord Details-The details of the landlord does not only mean checking the background of the landlord. Rather it is essential to check the details on the papers when you are about to sign the agreement. Ensure that the person you have been talking to as the landlord signs on the agreement as a landlord with you. A number of times situation occurs in which the landlord has handed over the property to a relative or a caretaker and they further lease it to third party without the knowledge of the actual owner of the property. So, verify each detail of the landlord including the title of documents.
  • Read the Agreement Carefully-It may sound too basic and evident but the truth is that most of the tenants either do not read the whole agreement carefully or unable to understand the legal language used in the agreement. There may be times when you are simply staring at the agreement to decipher the meaning of your legal rental agreement. It is certainly not wise to interpret that the things promised are mentioned in the agreement by the landlord and you can trustfully sign on the dotted line. If you are not able to interpret what exactly the clauses mean, it is recommended that you consult a lawyer instead.
  • Overhead Charges-All new projects by builders are facilitated with power backup, water tank and other utility services. However, occupant shouldn’t just be told about overhead charges verbally. These charges should be clearly mentioned in the agreement. So occupant must check these before signing the agreement.
  • Damage and Repair Costs-Specify the damage or repair costs in the rent agreement before you move in. This is extreme importance as this may cost you unpredictable amount if some major damages are seen when you vacate the property.

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