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SIGNING A RENT
IMPORTANT POINT
TO KNOW BEFORE
AGREEMENT
INTRODUCTION
Rakesh looked for a place to rent and found one
with a suitable rent. He then completed the
transaction and signed a rental agreement form
with the owner.
Rakesh later learned that the house's actual
condition isn't so great. He made the decision to
leave the residence and told the owner of this.
However, the owner challenges his decision,
claiming that Rakesh needs to give written notice
of two months' notice or pay rent for four months
in order to obtain a permit to vacate the
property.
WHAT DOES THE RENTAL
AGREEMENT'S "LOCK-IN
PERIOD" MEAN?
The locking period establishes the
window of time during which any
party can terminate the agreement
before the lock-in period is sent; if
this happens, the party will be
responsible for paying rent for the
balance of the lock-in period.
IMPORTANT THINGS YOU SHOULD
CHECK WHILE ENTERING INTO AN
AGREEMENT
Ownership ofOwner : Verify whether
the individual claiming to be the
owner of the property is, in fact, the
owner before signing the agreement.
Request the Ownership Proof from the
Individual, Check the Proof, and Keep
One Photocopy for Your Records.
RENTAL AGREEMENT TERMS & CONDITIONS
Before signing the rental agreement, briefly go over the terms and conditions
with the owner. As necessary, alter the terms and conditions. The terms and
conditions that the renter needs to review are
• Hike of Rent Clause
• Repairs and Maintenance
• Lock-in Period
• Duration of Agreement
• Sale of House
CHECK PREVIOUS
BILLS OF HOUSE
WHY DO YOU NEED TO
Examine all of the household's past
due invoices and determine
whether they were paid on time or
not to prevent any issues down the
road. The bills for gas, electricity,
water and house taxes need to be
checked before signing a rent
agreement.
THANK
YOU

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Important point to know before signing a rent agreement.pptx

  • 1. SIGNING A RENT IMPORTANT POINT TO KNOW BEFORE AGREEMENT
  • 2. INTRODUCTION Rakesh looked for a place to rent and found one with a suitable rent. He then completed the transaction and signed a rental agreement form with the owner. Rakesh later learned that the house's actual condition isn't so great. He made the decision to leave the residence and told the owner of this. However, the owner challenges his decision, claiming that Rakesh needs to give written notice of two months' notice or pay rent for four months in order to obtain a permit to vacate the property.
  • 3. WHAT DOES THE RENTAL AGREEMENT'S "LOCK-IN PERIOD" MEAN? The locking period establishes the window of time during which any party can terminate the agreement before the lock-in period is sent; if this happens, the party will be responsible for paying rent for the balance of the lock-in period.
  • 4. IMPORTANT THINGS YOU SHOULD CHECK WHILE ENTERING INTO AN AGREEMENT Ownership ofOwner : Verify whether the individual claiming to be the owner of the property is, in fact, the owner before signing the agreement. Request the Ownership Proof from the Individual, Check the Proof, and Keep One Photocopy for Your Records.
  • 5. RENTAL AGREEMENT TERMS & CONDITIONS Before signing the rental agreement, briefly go over the terms and conditions with the owner. As necessary, alter the terms and conditions. The terms and conditions that the renter needs to review are • Hike of Rent Clause • Repairs and Maintenance • Lock-in Period • Duration of Agreement • Sale of House
  • 6. CHECK PREVIOUS BILLS OF HOUSE WHY DO YOU NEED TO Examine all of the household's past due invoices and determine whether they were paid on time or not to prevent any issues down the road. The bills for gas, electricity, water and house taxes need to be checked before signing a rent agreement.