RAMAKANT MISHRA & ASSOCIATES
Sharad Mishra, Advocate
11 Years Exp
Office Sharing Agreement (Show More)
Raipur , Raipur
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For most bachelors (and spinsters for that matter), moving to a different town is a common part of adult life. Most of them, while independent, may not be able to afford having to rent a whole home for their own. That’s where the provision to rent only a room or portions of a house already occupied by someone else seems like a blessing.
The best choice for young and single people, many families living in the metros have opted to open their homes for such people. The additional income from such an arrangement is also another benefit for the average families.
Even though in this arrangement the landlord gets to keep a closer eye on his tenant(s), it is still a wise choice to have a rental agreement in place. This agreement too is pretty much like the conventional rental agreement, but it has slight differences as some facts are different.
A primary difference would be that the fact that only certain parts of the home is accessible to the tenant is clearly mentioned. The contract needs to spell out exactly which parts the tenant can occupy along with other factors like terms of using the common regions.
Types of Commercial Lease
A lot of attention has to be paid to the clauses that go into a room rental agreement. Since the landlord and tenant may co-occupy the same property, clear restrictions must be drawn up so that either party remains undisturbed.
Following are some of the clauses that must never be omitted from a room rental agreement-
Monthly rent, security deposit and term of the contract
Terms and conditions of contract renewal
Portions of the home the tenant will have access to
Consequences of breaching the contract
Right to sublet
Maintenance responsibilities and duties of owner/tenant
How To Make It Legally Valid And Enforceable?
To make any rental agreement legally valid, following are the steps one needs to follow-
Prepare the contract carefully. Ensure that all clauses and terms required by both owner and tenant are included.
Print the prepared agreement on stamp paper of recommended value. Every state has different rules on the stamp duty to be paid. Pay attention to this.
Owner and tenant should then place their signatures on designated places on the contract in the presence of two witnesses, who must also sign the contract.
Tenant then pays required stamp duty and lets the owner keep the original contract while the tenant keeps a copy of the same
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Name : Sharad Mishra, Advocate
Law Firm Name : RAMAKANT MISHRA & ASSOCIATES
Country : India
City : Raipur
State : CHATTISGARH
Practicing Since: 2014
About Your Firm : Ours is a law firm having its head office at Raipur and its branches at Durg and Bilaspur. We have more than years of experience in the legal field. We have advised and litigated for various individual clients, companies, private, public as well as statutory corporations, regarding a wide range of legal issues including (but not limited to):- • Arbitration and ADR; • Banking and Finance; • Civil Litigation; • Criminal Defense & Litigation; • Corporate Litigation; • Consumer Matters; • Constitutional & Administrative Matters; • Cyber and IT law; • Debt Recovery Laws; • Due Diligence; • Electricity Laws related matters; • Employment Laws; • Human Rights; • Intellectual Property; • Injury Compensation Laws; •Labour& Industrial Matters; • Matrimonial & Family Matters; • Property and Land Laws related matters; • RTI Laws; • Revenue Matters; • Tenancy Laws; • Trusts & Estates Related Litigations; • Other core areas of Law.
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Legal & Drafting
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