Kanchan Khatana And Associates
Kanchan Khatana And Associate's
22 Years Exp
Room Rental Agreement (Show More)
Gurgaon , Chakkarpur
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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 : 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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Legal & Drafting
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