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shaik   07 June 2016

House rent agreement

Dear Sirs, I am little confused for lease and rental agreements, I just want to give rent my house on yearly contractual basis located in Kurnool, Andhara Pradesh.

Can I get a good format for 12 months rental agreement which covers most of the points when letting it out to a tenant.

Also, pls let me know how to renew the rental agreement after 12 months. Do we need to make again a new agreement in the same format or is there any automatic renewal?

Thanks in advance



Learning

 3 Replies

KS Johal   07 June 2016

Generally all house rental agreement formats are the same with the exception of certain terms of the agreement. You can include a term which automatically renews every year. My advice is that you renew every year. You should engage an able lawyer to do this unless you know about the state laws. Sometimes saving some money now may become a heavy penalty later on. What I mean is that if you are confronted by a tenant who may not want to leave your property (or pay rent) at the end of the term. Then you may end up taking the tenant to court, which will cost heavy legal expenses.

KS Johal   07 June 2016

Generally all house rental agreement formats are the same with the exception of certain terms of the agreement. You can include a term which automatically renews every year. My advice is that you renew every year. You should engage an able lawyer to do this unless you know about the state laws. Sometimes saving some money now may become a heavy penalty later on. What I mean is that if you are confronted by a tenant who may not want to leave your property (or pay rent) at the end of the term. Then you may end up taking the tenant to court, which will cost heavy legal expenses.

adv.bharat @ PUNE (Lawyer)     07 June 2016

Plz fidn format for L & L agreement in maharashtra.


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