What is Rental Agreement and Its Types?
Real Estates / by chandru s / 24 views
A rental agreement contains all the terms related to the rent of a House. It is an official agreement between the tenant and owner of a property. It is a legally binding contract outlining the terms and conditions of renting a property.
It is drafted on stamp paper. It establishes perfect mutual expectations.
It can be called a rent deed, or lease deed. It is essential for both tenants and owners. This rental agreement is prepared with all the terms of the rent. The rent agreement is mandatory if the agreement is 12 months or more.
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