Tuesday, October 6, 2009

Tenancy Agreement


The tenancy agreement is signed between the tenant and the landlord and is mandatory if one does not wish to enter into a legal dispute. The agreement gives privileges to both the parties and is drafted in accordance to their needs.

The agreement should include the names of the individuals involved, the property address, the period for which the contract is valid, the appropriate rent and the ancillary services that come along with the apartment.

A written agreement is more reliable and safe than an oral agreement. It gives you a confirmation that can be presented as a proof. For implementing any changes, the contract can be amended if both parties agree to terms.

Paying of the bills generally fall into the owners shoulder but it is advisable to discuss it in advance. The Rental law defined by the government specifies all the clauses and draws the picture in transparent language. The Maharashtra Rent Control Bill, 1999 was passed with amendments by both the Legislative Council and the Legislative Assembly and discusses the above points.

www.corporatestaysolutions.co.in

No comments:

Post a Comment