Rental Agreement
A rental agreement is a legal document which lays out the terms and conditions under which the rented property is rented by the property owner to the tenant. The rent agreement lays down the manner in which the relationship between the landlord (owner) and the tenant would be regulated.
The agreement is a crucial piece of document as it enumerates the period for which the property is given on rent, the rent amount to be paid, security amount to be submitted, the conditions in which the agreement can be terminated and tenant can be evicted, dispute resolution and the law applicable.
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