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What is Rent Agreement and How to Apply

A rental agreement is a contract that is set up between the landlord and the tenant whereby the landlord gives the tenant the right to occupy the residential premises. It is always better to have a rental agreement in case a dispute comes up in the future. Below is the procedure to create rent agreement online.<br><br>Call Now:- 91 81235 91446<br>Apply Now:- https://rentalagreement.in

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What is Rent Agreement and How to Apply

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  1. Rental Agreement

  2. Vocab • Lease • Contract between a tenant and a landlord • Lessee • Tenant • Lessor • Landlord • Tenancy • Possession of land or property as a tenant

  3. Types of Tenacities • Tenancy for Years • Periodic Tenancy • Tenancy at Will • Tenancy at Sufferance

  4. Tenancy for Years • The right to occupy property for a definite or fixed period of time. • 6 months • 1 year • 5 years • 99 years • Any amount of years, as long as the amount is definite • Some states require every tenancy to be in writing, some require it to be in writing only if it is over 1 year.

  5. Periodic Tenancy • Tenancy that continues for successive, fixed periods of time. • Year to Year • Month to Month • Week to Week • Either party can terminate this tenancy by giving advanced noticeto the other party. • If notice is not given, tenancy continues for the same period of time.

  6. Tenancy at Will • Interest in real estate property that continues for an indefinite period of time. • No writing is necessary to create this tenancy. • It ends when the landlords or tenant gives notice required by law. • Usually 30 days noticed required

  7. Tenancy at Sufferance • Occurs when a tenant does not leave the premises when the tenancy expires. • AKA: holdover tenants- they are wrongdoers. • They no longer have legal rights to the property. • They must pay rent for the illegal occupancy.

  8. Lease Agreement • Terms • Rights and duties of the landlord and tenant. • Tenant Rights: possession and continued occupancy (free from intrusion). • Landlord Rights: rent and possession of property in good condition at end of lease • Security deposit • Amount of money a tenant will pay at the beginning of a lease in addition to first months rent. Landlord uses it to cover damage done to property upon moving out.

  9. Lease Agreement • Assignment and Subletting • Assignment: transferring remainingperiod of lease to someone else. • Sublease: transferring of part of the term of a lease, but not the remainder of it, to someone else. • Options to renew • Lease may contain provisions allowing renter the option to renew the lease for one or more additional periods.

  10. Responsibilities of Landlord • Refrain from Discrimination • You can’t refuse to rent property to any person because of race, religion, color, national origin, gender, age, ancestry, or marital status based on the Federal Civil Right Act • Maintain the Premise • Must be fit for human habitation • Must be relatively clean, properly heated, furnished with utilities, and safe. • Transfer peaceful possession • Tenant are entitled to peaceful possession and quiet enjoyment of premise

  11. Tenants Duties and Obligations • Abide by the terms of the lease • Pay rent when it is due • Observe the valid restrictions of the lease, failure to abide by the terms can result in eviction • Avoid Waste • Cant damage or destroy property- decreases property value • Property must be in same condition it was when they moved in • Return fixtures • Tenant must return Fixtures: built-in stoves, kitchen cabinets, and ceiling light fixtures To determine if an items is a fixture courts consider the following: • Has there been temporary or permanent installation of the fixture? • Can it be removed without damage? • What was the intent of the parties at the time the attachment was made?

  12. Eviction • Occurs when a landlord deprives a tenant of the possession of the premise. • Reasons for eviction: • Not paying rent • Staying after lease has expired • Damaging the premise • Violating provisions in lease • Landlord CANNOT use force to evict a tenant. • Landlord must obtain court order, officer carries out eviction.

  13. Tort Liability • When someone is injured on rented or leased property, both the landlord and the tenant may be liable. • Whoever is in control of the area where the injury occurs determines liability. • Landlordscan be held liable for defects in common areas: hallways, stairs, etc. • Tenantscan be held liable for defects in private areas.

  14. Uraan Rental Agreement And Notary AssociateU.R.A.A.N. AssociatesURL:www.rentalagreement.in E (24 X 7): support@rentalagreement.in P (8AM to 11AM, 6PM to 9PM):+91 81235 91446

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