Want to stay peacefully in rented property? You must include these 10 things in your rent agreement
Learn the 10 essential clauses every tenant must include in their rent agreement to avoid disputes and ensure a hassle-free renting experience, covering rent amount, security deposit, termination clauses and more.
Accurate Rent Amount
![Accurate Rent Amount Accurate Rent Amount](https://cdn.zeebiz.com/sites/default/files/2024/10/07/324373-rent-5.jpg)
Security Deposit
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Landlords take a security deposit to cover any potential damages or unpaid rent. The rent agreement should specify the amount and the conditions for its return. Ensure it mentions that the deposit will be refunded when the tenant vacates the property, deducting any necessary repairs for damages, if applicable.
Lock-in Period and Termination Clause
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The notice period for vacating the property should be mutually agreed upon. Some agreements have a lock-in period, which prevents termination before a specific time. Ensure this clause aligns with your requirements. For residential properties, it’s better to avoid a lock-in period unless absolutely necessary.
Normal Wear and Tear
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List of Amenities
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No Outstanding Dues
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Renewal and Rent Increase
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Agreement Costs
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Purpose of Property Use
![Purpose of Property Use Purpose of Property Use](https://cdn.zeebiz.com/ads/placeholder_image-zeebiz.jpg)