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Home >Money >Personal-finance >5 clauses you must have in your rent agreement
Photo: iStock
Photo: iStock
5 clauses you must have in your rent agreement
4 min read . 20 Sep 2018
Ashwini Kumar Sharma
In case of disputes, unregistered rent agreements are not considered as primary evidence by the court
Topics
mint-india-wireRent agreementTenantLandlordRentRent agreement renewal
Many people leave their home towns and move to different cities to study, for work, for business or for better lifestyle. The first thing they need in the new city is a place to stay. Given that it’s not easy to buy a home to live in as soon as you move to a new city, especially in metros, most people tend to take a flat on rent. But before you take a property on rent, it is prudent to know the terms and conditions and execute a rent agreement.
A rent agreement ensures you have legal recourse later in case there is a problem between you and your landlord, which is why it’s important to be careful about the clauses included in the agreement. Here are a few must-have clauses for the rent agreement.
Answer: It was a busy day at the Nike store, we were about to close up for the day, and this boy came in and began asking me questions about the football they wanted to rent. I told him to calm down and that I would answer his questions one at a time. "So how much money do I need to pay each month to rent the football?" he asked I told him that he needed to pay $30 each month. "What is the "Terms of Agreement"?" he curiously asked. "It is very serious terms of use, for people to know what they are getting into and what they need to know when they are buying our product, we are not responsible if you lose or damage your product".
The boy was very understanding about it and he made sure to follow the terms of agreement. He rented the football, and he was on his way before I could tell him "Thanks for stopping by!"
Explanation: This question is finally answered! Your welcome :)