5 Things You Should Know Before Renewing Rental Agreement For Shops

At the point when the part of the bargain is not too far off, you have a choice to make. If you want to renew, negotiate or extend your rental agreement for the shop when your rental agreement is about to complete the written tenure. But in case you want to renew your Rental Agreement For The Shop you keep several things in mind and also aware of clauses written in the agreement. Given below are some important things that should be kept in mind before renewing The Rental Agreement For Shops.

Know whether you have a right to renew the property or not- While many residential houses usually have a term for renewal in the agreement which favors the resident. It may not be possible in case of commercial areas, many landlords do not favor to renew the rental agreement. You can usually check out this thing in earlier rental agreement under the right to renew section.

Hike in Rent

This is the most important thing that you should discuss with your landlord before renewing your rental agreement. As there are many landlords who tend to increase the rent even though your business is not doing great. 

Updated notice period

Usually, the notice period for the renewed rental agreement is 6 to 9 months depending upon the business and landlord as well. So, you should always keep this tenure in mind before signing the renewed rental agreement. You can refer a Rent Agreement Format For Shops to see all the points mentioned and Register Rent Agreement Online to get a perfect rental agreement for your shop.

Be aware if you can increase or decrease your space in the property

There might be circumstances when you want to increase or decrease your rented space due to fluctuation in your business. So, you should be aware of this fact before renewing your agreement by going through a Rent Agreement Format For Shops that might be available online.

If you can renew your agreement when been in default for some time

It is an important factor that most of the tenants want to know. There might be some situations when you are not able to pay your rent and become a defaulter. In this case, some landlords might not renew your agreement while some agree to do this keeping in mind the past record of the tenant. But it is completely the choice landlord whether he wants to renew the agreement or not.

Conclusion

It is always advisable for both the landlord and the tenant to opt for rent renewal rather than going for finding a new tenant and new property respectively. But if they have faced any issues in the past relating to financial problems they can surely choose not to do so. Renewing a rental agreement needs to Register Rent Agreement Online for a better option at a feasible rate. You can choose to renew a rental agreement from a well-renowned company like the Rentalagreement.in who guides you properly in such matters.

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5 Things To Know Before Signing Rental Agreement In Delhi NCR

Food, clothes, and shelter are the most important things in a person’s life. In this decade the cost of building homes has risen such that almost all the savings of people get exhausted, sometimes while in the middle of the construction. To avoid this, people use to rent a flat or apartment in the majority of the metropolitan cities, be it Mumbai or Delhi. For acquiring a house on rent, people have to sign a Rental Agreement. 

The majority of the people are unaware of this fact and avoid this, this leads to awful consequences. People are unaware of the rental agreement and How to Make Rent Agreement and sometimes the landlords also skip this for their gains but eventually face problems.  People from experienced organizations such as Rentalagreement.in will guide you about all the procedures and information regarding the Rental Agreement even you can get Online Rent Agreement in Delhi from Rentalagreement.in. You must lookout for the following terms before signing a Rental Agreement:

Hidden Clauses or Conditions: 

Sometimes below the dotted lines, there are some clauses written which prove to be devastating in the upcoming months. Some cases have been observed in which the tenants have to face a 10% or more hike in rent every five or six months. With Rentalagreement.in, you will not face any such problems.

Additional Charges: 

Some cases have been observed in which tenant have to pay the additional money after certain months. These little sentences go un-noticed and thus due to little irresponsibility the tenants have to pay a large price. Rental Agreement can be a little perplexed, but Rentalagreement.in provides an Online Rental Agreement in Delhi which eases out the problems.

Inclusion of Bills: 

Another important clause that goes unnoticed that people just ignore the terms and conditions. These may include any other expenses such as the water bill, electricity bill or even maintenance charges. The term “Maintenance Charges” has often been misused and the tenants take its toll.

Check-out and Notice Period: 

The rental agreement also incorporates the penalty and check-out charges if any. These are most important as in some cases there would be a notice period for leaving. If a tenant leaves before the notice period, then to he/she has to pay for the remaining period. In some cases, the rental agreement includes a clause that the tenant has to live/pay for a minimum duration of months that usually go unnoticed. Also, a heavy penalty would have been mentioned in that agreement for breaking that clause.

Damage Charges: 

In some cases, the furniture or supplementary utility of any kind that has been provided while moving-in gets damaged. The tenants have to pay heavy penalties in that case, if not taken care of. These penalties exceed the price of the article in a few instances. This clause must be looked into very carefully.

Hence, the tenant pays heavily and the situation goes awful. The executives from  Rentalagreement.in soothes all your headaches starting from How to Make A Rent Agreement to drafting and explaining it properly. 

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Office Sharing Agreement In Corporate World

Many times finding and renting an office space can be big and costly affairs in cities, especially in metro cities. Office sharing arrangement can be a savior between a group of like-minded people who can come together to share an office space with a primary goal to save costs and make the best utilization of resources (space, workstations, etc.)

This arrangement allows to further sublet a spare space and other resources to others, which brings down the rental and other miscellaneous costs. So the agreement for such arrangements require to have the key clauses with rules for usage of utilities and all resources being sublet

Key points

Purpose of an office sharing agreement

1. To use shared office space and other resources among like-minded business or entrepreneur
2. To cut down rent, other maintenance cost and operating cost of small business enterprises and startups

What does an office sharing agreement cover?

1. Details of all members involved in the agreement
2. Contract terms including executable, term period, expiry and notice period
3. Explicit important clauses that cover sharing of all resources and utility bills
4. Clause for amicable resolution in case of dispute/disagreement
5. Rent sharing and mutual consensus for common space

Before executing the agreement

There may be a clause in the master lease agreement that might prevent you to further sublet so please check and always keep your landowner in the loop before executing the agreement.

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What is the Difference between Registered and Non-Registered Rent/Lease Agreement?

A normal practice is to have a rent agreement for 11 months and most of the people prefer for it

As per Registration act of India if a rent agreement has been made for a period of 12 months or more then it needs to be registered by visiting the sub-registrar office and paying the valid stamp duty as required.

But if the rent agreement is a period of less than 11 months then one does not need to get it registered with the authorities

Now that your doubts are clear and if you need a Rental Agreement you can try creating one with us. All you need is to have few important details of both the parties involved in the agreement and you are all set to draft one for you. Once reviewed and paid the same will be delivered at your doorstep!

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Get Easy Rent Agreement at Doorstep with Faster Online Services

The documents that are signed between Tenant and landlord upon any terms and conditions are known as Rent Agreements. The agreements should be acceptable to both the parties where there is no room for any sort of dispute. If you happen to indulge in a rental transaction that is entailed without an agreement, it is dangerous to an extent that there is enough room for legal issues to pour in. The necessity to stress enough on the importance of rental agreement will be never-ending, hence we have devised the easiest way to access the facility.

How to Conceive a Smart and Quick  Rental Agreement?

The traditional process to compose a rental agreement begins with both the renter and the owner talking and hitting at conditions required by both of them. Following the agreements, both the parties must address a lawyer to draft a proper Rent Agreement at Doorstep and print it on a stamp paper. In some cases, this process is time-consuming and takes a week to finally give shape to the situation.

If you are wondering How to make Rent Agreement with fast processing, then you have to seek for online measures. With the advancement in technology and extensive internet usage, drafting a rent agreement is possible electronically. You can get hold of various rental agreements and templates, which are available on the internet. As a matter of fact, these agreements might not be curated by experts and might not encompass all the probable predicaments, Therefore, before going ahead with the rental agreement, it is always recommended to get it verified by a lawyer.

What must you include to receive a Rent Agreement?

Rent agreements are nothing but proper documents which avoids probable legal discrepancies. It is furthermore sort of protection if people do not keep up with their words. For being on the safe side, it is necessary to draft a strict agreement. However, the situation can be relaxing at times, if both the owner and the tenant know each other and share a healthy relation. Today with advancing digital world, quick drafting of an agreement is possible, it comprises of the necessary clauses and follows complete legal procedures.

To draft a primary and basic rental agreement, the following documents are required.

The full name, contact details, and address of both the landlord and tenant. Along with this, you need to state about the monthly rent, charges for a security deposit, and charges for maintenance. The agreement should also entail the tenure for the lease along with all the rules requested for both the parties. The dispute redressal policies and the incidents that may terminate the agreement.

For making a rent agreement legal, our lawyer must check the documents clearly. If there are any issues, the lawyer can seek the necessary changes.

This was a short summary of what a quick rental agreement is. If you want to know more about how to make a rent agreement with strict policies, you can go for preparing elaborate agreements.

Want a Legally Valid Rent Agreement?

As a matter of fact, quick agreements are not much distinct from the regular counterparts, the only exception is the immediate ones are much more compressed than the conventional ones. However, the considerations to make it legal remains the same in both cases. To make the agreement valid, you need to print it on a stamp paper on a state government recommended value. The agreement must contain both the signatures of the tenant and the landlord at the allotted places. Two witnesses must be present at the time of settlement.  Finally, you have to register the document at the office of the sub-registrar.

If you want the process of rent agreement to be hassle-free, it is recommended you go for online services today. They have easier work process and also refrain from fraudulent practices. Online procedures are much convenient. Without stepping out of the house, you will have the Rent Agreement at Doorstep.

Want to hire rent agreement associates? Look no further and Call us!

If the above-mentioned rules and regulations comply with your demands, then you can seek to hire online services. For all your rent agreement query will be addressed under one roof. 

For further assistance, you can contact check our rental agreement website for faster processing. They have an online portal which works for 24X7, you can send mail for further communication. You can submit the details in less than ten minutes. We are working for safe processing for the clients and maintain strict confidentiality. The company is dedicated to not comply with any disputes with documents with the third party.

With online payment options, you can easily pay us via credit cards, debit cards, internet banking and also net banking is available.