Maintenance: The agreement must clearly specify who is to pay the monthly maintenance fee. The Registration Act of 1908 makes it compulsory to register a lease if the term of the lease is longer than 11 months. The pros and cons of each specific contract fall into different categories and depend on the landlord-tenant relationship you`re looking for. If the agreement includes a deposit, add more than Rs100 and Rs1,100 as a registration fee, bringing the total cost to Rs6,240. This does not apply to fees due to lawyers or other intermediaries for all documents. A tenant looking for a long-term lease may be put off by the flexibility of a monthly lease, which may allow them to be subject to frequent rent increases or indefinite rental periods. For landlords, the cost of more frequent tenant turnover should also be taken into account, including the costs of advertising, filtering and cleaning. If your rental unit is in an area with lower occupancy rates, you may have difficulty keeping your unit rented for long periods of time. Visitors: The agreement must include a clause on who is allowed to visit you at what time. Sometimes the risk of the thing being kept is reduced by the fact that it is a special model or that there are signs on it that cannot be easily removed, which clearly indicates that it is in the possession of the owner; This is especially effective for goods used in public places, but even if they are used at home, it can help due to social control. Under the provisions of the 2019 Draft Model Law on Tenancy, landlords cannot increase pre-tenancy for the entire period for which a lease has been signed. For example, if the lease expires after 11 months, the landlord cannot increase the monthly rent during that period. Only after this period and at the time of registration of the new rental agreement is the owner legally allowed to make an increase in the interest rate, which usually does not exceed 10% of the existing amount.
In addition, the landlord must give the tenant three months` notice before increasing the rent under the bill. Until a rental agreement is registered with the sub-registration office, it has no legal validity. It is up to both parties to draft and register an agreement with specific conditions. After concluding the rental agreement, the owner must print it on stamp paper. Once the tenant and landlord have signed the documents in the presence of two witnesses, they must register them with the Deputy Registrar after paying the required fee. Learn more about terminating your rental if you are sure that shorthold tenants are renting privately In the event of a dispute, unregistered leases will not be considered by the court as the main proof of repairs: the agreement must mention who bears the costs associated with wear and tear. As can be seen in the examples, some rental properties are used on site, but they are usually taken with you; To ensure that they will be returned, one or more of the following conditions apply: Now let`s look at the pros and cons of a rental agreement: For more information about your landlord`s repair obligations, check out our tips on performing repairs when you rent. .