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IMPORTANCE OF
E-RENT AGREEMENT
BEFORE YOU RENT
Rent agreement is a document that states the deal of renting
a flat at mutual consent by homeowner and tenant. It will help
you living easily at no worries. There will be transparency
maintained between tenants and homeowner by having an
authentic rent agreement.
BivocalBirds.com
BivocalBirds.com
What does a
RENT AGREEMENT INCLUDE?
A RENT AGREEMENT CONSISTS OF FOLLOWING IMPORTANT DETAILS:
We have plenty of prospective tenants for you based on your set of choices. Our
relationship manager will call you asking for your requirements regarding a
suitable tenant.
· Rent duration:
This states that how long you are going to stay in the rental flat. Generally the
duration of rent agreement is of 11 months. But it can be flexible as per mutual
consent.
· Address of the homeowner:
The address proof of homeowner is attached with the rent agreement and
address is mentioned.
· Address of tenant:
The address of the tenant is also mentioned in the rent agreement to know about
the permanent location of the tenant.
· Refundable security:
The refundable security amount is also mentioned in the rent agreement which is
considered as a compensation to any damages made by tenant.
· Amount of rent:
The most important thing is the rent amount that is needed to be mentioned.
The rent amount will be paid in advance this is also stated in the rent agreement.
COMMON ISSUES
Some common issues that turn into friction and sometimes
into legal troubles later:
1. Excessive rent increases by the landlord.
2. Failure to clearly define responsibilities for major and minor maintenance charges
between landlord and tenant.
3. Frequent inspections/interruptions by the landlord, which may irritate the tenant.
4. Tenant (e.g., students, bachelors) causing a nuisance in the premises and this
upsetting neighbours.
5. Tenant does not pay rent on time.
6. There were more people staying in the rented premises than had been agreed upon.
7. Tenant refuses to vacate the premises even after the lease period has expired.
8. Landlord fails to pay property taxes, loan EMIs, and other obligations on time.
Unnecessary notifications from municipal corporations, banks, and other
institutions are being received by the tenant.
9. False representation by landlord about available facilities (eg. Parking,
power back-up, furnishings etc.).
10. Tenant conducting commercial or illegal activities from a residential property.
BENEFITS OF RENT AGREEMENT
• A rent agreement builds stronger relationship between tenant and homeowner.
• The tenant won’t be able to leave the rented premises without prior information.
• Your homeowner cannot enter anytime in the rental premises. This has come
up from the time Model Tenancy Act has been enacted.
• Security deposit will be on time and the tenant will receive security amount later
on vacating the rental premises.
• Tenant cannot leave the premises without giving prior notice period.
• The property won’t be sub-let to anyone.
• The property will not be used for commercial purposes.
A rent agreement is so important for your rental house deals. This helps in building
long lasting relationship between tenant and homeowner. BivocalBirds provide
instant rent agreement that you can sign digitally from anywhere.
www.bivocalbirds.com
CHECK OUT OUR WEBSITE
9311592231

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importance of e-rent agreement before you rent pdf

  • 1. IMPORTANCE OF E-RENT AGREEMENT BEFORE YOU RENT Rent agreement is a document that states the deal of renting a flat at mutual consent by homeowner and tenant. It will help you living easily at no worries. There will be transparency maintained between tenants and homeowner by having an authentic rent agreement. BivocalBirds.com BivocalBirds.com
  • 2. What does a RENT AGREEMENT INCLUDE? A RENT AGREEMENT CONSISTS OF FOLLOWING IMPORTANT DETAILS: We have plenty of prospective tenants for you based on your set of choices. Our relationship manager will call you asking for your requirements regarding a suitable tenant. · Rent duration: This states that how long you are going to stay in the rental flat. Generally the duration of rent agreement is of 11 months. But it can be flexible as per mutual consent.
  • 3. · Address of the homeowner: The address proof of homeowner is attached with the rent agreement and address is mentioned. · Address of tenant: The address of the tenant is also mentioned in the rent agreement to know about the permanent location of the tenant. · Refundable security: The refundable security amount is also mentioned in the rent agreement which is considered as a compensation to any damages made by tenant. · Amount of rent: The most important thing is the rent amount that is needed to be mentioned. The rent amount will be paid in advance this is also stated in the rent agreement.
  • 4. COMMON ISSUES Some common issues that turn into friction and sometimes into legal troubles later: 1. Excessive rent increases by the landlord. 2. Failure to clearly define responsibilities for major and minor maintenance charges between landlord and tenant. 3. Frequent inspections/interruptions by the landlord, which may irritate the tenant. 4. Tenant (e.g., students, bachelors) causing a nuisance in the premises and this upsetting neighbours. 5. Tenant does not pay rent on time.
  • 5. 6. There were more people staying in the rented premises than had been agreed upon. 7. Tenant refuses to vacate the premises even after the lease period has expired. 8. Landlord fails to pay property taxes, loan EMIs, and other obligations on time. Unnecessary notifications from municipal corporations, banks, and other institutions are being received by the tenant. 9. False representation by landlord about available facilities (eg. Parking, power back-up, furnishings etc.). 10. Tenant conducting commercial or illegal activities from a residential property.
  • 6. BENEFITS OF RENT AGREEMENT • A rent agreement builds stronger relationship between tenant and homeowner. • The tenant won’t be able to leave the rented premises without prior information. • Your homeowner cannot enter anytime in the rental premises. This has come up from the time Model Tenancy Act has been enacted. • Security deposit will be on time and the tenant will receive security amount later on vacating the rental premises. • Tenant cannot leave the premises without giving prior notice period. • The property won’t be sub-let to anyone. • The property will not be used for commercial purposes.
  • 7. A rent agreement is so important for your rental house deals. This helps in building long lasting relationship between tenant and homeowner. BivocalBirds provide instant rent agreement that you can sign digitally from anywhere. www.bivocalbirds.com CHECK OUT OUR WEBSITE 9311592231