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The Do's and Don'ts of Rent Agreement Drafting

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The Do's and Don'ts of Rent Agreement Drafting

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  1. THE DO'S AND DON'TSOFRENT AGREEMENT DRAFTING

  2. INTRODUCTION TheRentAgreementisahighlyessentialcontractthat grants several liberties to both parties. The owner's property is secured, while the renter receives evidenceofaddress. To legalise the house leasing procedure, the tenant andlandlordmustputtheirverbalagreementinpaper andhavethedocumentregistered.

  3. Before Drafting The Rental Agreement,ThereIsAnImportant Clause Before drafting a rental agreement, you should be informedofthemanytypesofrentalagreementsand their clauses. Some of the important do's and don'ts whiledraftingarentagreementarelistedhere. Theagreementshouldincludespecificsabout yourstayduration(tenancyperiod). Rentpayments'frequencyanddate. Whenyourlease willberenewed. Alsoincludedareprovisionsforrepairsand upkeep.

  4. Why are most rental agreementfor11months? Landlords typically avoid making 12-monthleasessincetheRental Control Act mandates the registration of documents and imposesheavypenalties.

  5. Conclusion Beforesigningthetenancyagreement,makesuretoread the paragraph carefully. If there are any missing terms and conditions, it will be difficult for both parties to resolve any conflicts without referring to the rental agreementthatthetwopartiessigned.

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