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What are the main terms that a rent agreement includes?

Submitted by asandil on Sat, 05/24/2014 - 16:02

The main terms of a rent agreement include:

  • Amount of rent to be paid every month
  • The amount of safety deposit to be paid to the owner on a return basis
  • Period of rental agreement
  • Number of people occupying the property
  • Type of lease – residential or commercial
  • Maintenance issues – who will pay the monthly maintenance bills (in case of a property in a housing society), minor repair work charges, major repair work charges and so on
  • Termination of lease rules