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