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A well-drafted lease agreement should include key clauses like Rent and Payment Terms, detailing rent amount and due dates, and Security Deposit, covering deposit rules and refunds. Lease Duration and Renewal defines the contract term, while Maintenance and Repairs outlines responsibilities. Lastly, the Use of Premises clause ensures proper usage. Goel Ganga Developments emphasizes these clauses to maintain transparency and smooth tenant-landlord relations.
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IMPORTANT CLAUSES TO INCLUDE IN A LEASE AGREEMENT Rent and Payment Terms: Specify the rent amount, due date, and acceptable payment methods. 01 Security Deposit: Outline the security deposit amount, conditions for its return, and potential deductions. 02 Lease Duration and Renewal: Clearly state the start & end date, along with renewal or termination conditions. 03 Maintenance & Repairs: Define responsibilities for repairs & maintenance between the landlord & tenant. 04 Use of Premises: Indicate the approved use of the property and restrictions on activities or alterations. 05 https://goelgangadevelopments.com/