How to valid a Rent or Tenancy Agreement?

Tenancy or Rent agreement can be made for any period agreed between the parties. However, if such an agreement is for a year or exceeding one year, it must be registered under the Registration Act, 1908, section 17.

In order to prepare a valid rent agreement, keep the following pointers in view:

  • Complete contact details of landlord and tenant.
  • Description of the premises.
  • Period of tenancy.
  • Due date and mode of rent payment.
  • Rate of rent enhancement on per annum basis.
  • Purpose to rent out the premises.
  • Amount of total advanced rent payment & Security.
  • Bank account details, if rent is to be paid through bank.

 

This FAQ is prepared by Sadia Saman Advocate