Kanchan Khatana And Associates
Kanchan Khatana And Associate's
22 Years Exp
House Rental agreement (Show More)
Gurgaon , Chakkarpur
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Flat/Apartment Rental Agreement
Renting an apartment has pretty much the same formalities as renting an individual house. But the contract is where all the difference lies. As you may know, a rental agreement or lease is a contracted between the landlord and the tenant through which a landlord grants tenancy to the latter.
Flat rental deeds are not used in the case of individual houses. They are used when someone wishes to rent out a single unit in an apartment complex. Such rental agreements have to be drafted with care, with clauses for access rights to common amenities and the rules of the residents association. Ideally, draft the agreement a few weeks before you move in. That would give both the landlord and the tenant to make changes should they feel so.
Any person who wishes to take part in a rental transaction can use a rental agreement to lay down the rules and duties. As long as you are 18+ years old and of sane mind, you can be either tenant, landlord or witness in a contract.
You may want to take a look at some common terms used in a rental agreement-
Lessor: Often the landlord or the individual who is granting tenancy.
Lessee: The tenant or the person who receives tenancy.
Although rental agreements may be available online, they may not always be expert verified or comprehensive enough to cover all your needs. Hence, we strongly recommend that you use LegalDesk.com or any other professionally prepared document to make your agreement.
How to make it legally valid?
Like every other contract, a flat rental agreement too must have some basic clauses in place and some important entities to make it legally valid.
Names, signatures and addresses must be mentioned without errors
The deed must begin with the name and address of the tenant and landlord being stated.
The address of the apartment that is being rented out too must be mentioned clearly, without mistakes.
The signatures of the tenant, landlord and two witnesses must be placed clearly on the last page along with their full names.
To make the document legally valid, it must be printed on stamp paper of recommended value.
If you miss even one of the above, there could be consequences that are unpleasant. Irrespective of whether you are a landlord or a tenant, a good rental agreement is vital to protect both of you should a dispute happen.
We hope you are convinced about the need for a professionally verified rental agreement for a flat. Try to avoid reusing the same deed you prepared for your previous rental home.
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Name : Kanchan Khatana And Associate's
Law Firm Name : Kanchan Khatana And Associates
Country : India
City : Gurgaon
State : HARYANA
Practicing Since: 2003
About Your Firm : Kanchan Khatana and Associates is a full service law firm, headquartered in India, while offering cutting edge blend of capabilities to corporations, individuals and international entities across the globe. We are distinguished not only by the depth and scope of our legal advisory services, but also by unmatched experience and international exposure that enables us to handle deals and cases of any size and complexity. Over the years, we have built a reputation for high quality work, a positive outlook, and the highest standards of service and ethics. The Firm continues to expand and now, we have notably become the counsel of choice. At Kanchan Khatana and Associates, providing effective and efficient assistance to our clients is our foremost aim. The clients benefit from our approach of viewing issues from both a business as well as a legal perspective; focusing on problem avoidance, not just problem solving. With a sophisticated understanding of changing business environment intersecting with law, public policy and technology, the Firm is positioned to protect and advance its clients’ business interests in the present era of globalization. We have a highly qualified and responsive team comprising of young as well as senior legal professionals who have been recognised and honoured for their outstanding contributions in their respective areas of law. Our emphasis is on identifying the client’s needs down to the last detail, ensuring that our work is technically faultless and ultimately managing our projects to surpass our client’s expectations. Our Firm represents varied clients Multinationals, Indian and Foreign Corporate bodies, and individuals in an array of matters.
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