A house rent agreement is merely a legal contract between the landlord and the tenant for a specific length of time. It is a collection of terms and conditions that both parties must abide to. The rent agreement is renewable every 11 months or longer, or according to the contract’s period.
- Duration of the rent period
- Monthly rent
- Security deposit
- Penalty for late payment of rent
- Additional charges like maintenance, society, water, gas, etc to be borne by the tenant or landlord
- Provision of parking, if applicable
- Any damage or repair charges
- Rights of tenantRights of landlord