Rental Agreement | Notary Services

Friday, July 12, 2019

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

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

What does an office sharing agreement cover?

Details of all members involved in the agreement
Contract terms including executable, term period, expiry and notice period
Explicit important clauses that cover sharing of all resources and utility bills
Clause for amicable resolution in case of dispute/disagreement
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.

Monday, July 1, 2019

6 Mistakes to Avoid in Rental Agreements To-Let your Apartments Safe and Sound.

How often do gullible people get duped due to faulty contracts or due to those clauses written in words smaller than the size of ants?

Buyers have to become smart as they cannot let themselves get swayed by fraudulent schemes and practices. However, legitimate sellers need to caution themselves to certain business ploys themselves.

The golden rule to avoid yourself from being caught in this vicious trap is to prevent yourselves from getting involved in shady deals, which requires due diligence and meticulousness to peruse through every clause of that legally binding contract and get it double checked from your business advisor or lawyer.

Consequently, the relationship between landlords and tenants, our society has culminated is of mutual understanding and trust and just like that, the house rental agreements get broken or bent by the will of the landlords or tenants, as and when they please. Ergo, it becomes the need of the hour to make house rental agreement contracts airtight, deprived of loopholes and their formats being standardized.

The following are the primary six mistakes which should be avoided in house rent agreement formats.

The format of a rental agreement must always mention the security deposit explicitly. Numerous tenants have been ruled against in cases related to errors in the figures of the safety deposit.

The names as mentioned in the contract must be true and hence should be supported by credentials as issued by the government, i.e. Aadhaar cards, Voter ids or Passports.

An important clause of subletting often gets skipped while drawing up the rental agreement format. The landlords are often extorted as the tenants sublet their property, making profits off their apartments eventually.

In order to make the agreement ironclad, make sure the responsibility of repairs is implicitly stated. Whether it is the landlord or the tenant, a house rent agreement format must consist of everything.

Also, the terms for eviction have its own significance. Generally, the law states that the tenant cannot be evicted without two months’ prior notice. However, the contract if signed carelessly can state, otherwise. Therefore, it becomes prudent to have clear lines drawn beforehand.

Tenants can be a mess and can leave your apartment within two months or never leave at all. Therefore, one needs a consistent rental agreement format to rely upon. Clarify the number of months or years a tenant has to necessarily occupy the apartment, in advance and also the term for his eviction to make the process painlessly easy and law-abiding.

Do not let yourselves be fooled by something as trivial as rental agreements. Make them ironclad as it will ensure that your tenant is understandable and adherent to the rules. A cordial relationship among the two parties can lead to absolutely zero fraud but make sure you never stop being cautious again.

Tuesday, June 4, 2019

5 Main Key Differences between commercial and residential lease Agreement

Commercial Lease Agreement

A commercial lease is signed between a business entity and the owner of the property which the entity is interested in for a lease. The terms and conditions are laid down in such a way where the owner agrees to let the entity occupy the property to carry out activities as per the business along with the permissible modification in the property.

Residential Lease Agreement

The term “residential lease agreement” refers to the legally binding contract created between a landholder and his tenant and contains all the terms for dealings a house or flat as a residence. This document is additionally referred to as Associate in the Nursing flat rental agreement or a landlord-tenant lease. commonly it's signed at the beginning of a rental term and remains in impact till the tip date indicated within the agreement.

Now Let’s see the Main Difference between Commercial Lease Agreement Residential Lease Agreement.

As the name suggests commercial lease is for business purpose and the residential lease is for living use

A commercial lease is a contract between a business tenant and owner while the residential lease is between the individual(s) tenant and landlord.
In a commercial lease, the property is used for business and profit-making purpose whereas the property is primarily used for residential purpose and no commercial activities are allowed in a residential lease.
In a commercial lease, the rent consideration is typically based upon the amount of square foot/meter occupied by the tenant whereas in a residential lease the rent consideration is based upon a set amount per month varying from a month-to-month lease to a term of years.
In a residential lease, tenants have a lot more protection than commercial lease tenant.
In a residential lease, there are certain obligations that the landlord need to provide like water, electricity and certain maintenance whereas there are no such obligations for the commercial owners unless explicitly defined in the contract.

Though each state has its own rules and regulations on commercial and residential leases, all states make general distinctions between the two types of leases between landlord and tenant.

As per the premise type, uses, and contracts one can choose an appropriate type
of Commercial and Residential Lease Agreement. If you need one Rentalagreement.in helps you to choose the right one, draft it and send it to your doorstep!

Uraan Rental Agreement And Notary Associate

For More Information call us or write to us at:-

E-Mail (24 X 7): support@rentalagreement.in

Call (8AM to 11AM, 6PM to 9PM): +91 81235 91446

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Monday, June 3, 2019

4 Essential Things You Must Know Before Signing House Rent Agreement

Working or studying in an entirely new place is hugely hectic. To add to it is finding a good place to rent for the duration of your stay could be another mammoth task.

Even after securing the perfect place on rent you are not out of the woods. There are certain essential checks which you must puzzle out as tenant before signing any House Rent-Agreement.

Let us have a look at 4 Essential Things You Must Know Before Signing House Rent-Agreement.

Study/ Scan Inspect the Rent-Agreement thoroughly:- I know it sounds silly, but this is the most important and ironically the most overlooked aspect of a Rent-Agreement. You must thoroughly read the Agreement. Get to know every detail of it from the Rental Agreement Format to the nooks and crannies. Remember you are the customer, so you must be careful. In case of difficulty with language or any other Rental Agreement, Format hitch contact a lawyer ASAP. Or use professional service like URAAN Associates.
Damage Control and Its Charges:- Often the charges incurred for the repair and damage control on a property is immense. And it is essential to do these repairs in order to make the place Habitable. So always look into the hidden Charges and Costs in the Rental Agreement Payslip and specify all the Plumbing or construction work done. No verbal agreement. I promise it will save you a mint.
Check The Landlord:- He will most definitely check you. So you may as well check him up. Check the background and history of the Landlord. Yes, make sure the person you are signing the agreement and issuing the Rental Agreement Payslip is, in fact, the Landlord and not some scheming caretaker.There have been instances of such swindles. Be wary.
Charges When You Leave:- Now when you live in a House you are bound to damage it. It happens so always keep a clause on the Rent-Agreement or the Rental Agreement Payslip for these damages.

Final Word OF Wisdom

For the best and most reliable outcome, you can also visit us at Rentalagreement.in Website. We are a company providing the best and most transparent Consultation regarding all your Rent-Agreement Queries.

Remember, not everyone is the best out there. It is good to have a professional behind you for support.

Uraan Rental Agreement And Notary Associate

For More Information call us or write to us at:-

E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM): +91 81235 91446

FACEBOOK | TWITTER | LINKEDIN |

Tuesday, May 14, 2019

Is it mandatory to register a rental agreement?

If a House rent agreement is there for a period of 12 months or more then it needs to be registered as per the Registration Act of India in the local sub-registrar office.

But if it is for a period of less than 12 months then it does not require to get it registered. Also, it is not mandatory to get this House Rent Agreement notarized as long as it is printed on stamp paper and duly signed by both the parties.

If it helped you to go for one Rental Agreement customized as per your need then you can try creating one with us. All you need is to have a 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!

Save time, save money! Get the rental agreement at your doorstep in a few easy steps.

For More Information:

Uraan Rental Agreement And Notary Associate

U.R.A.A.N. Associates

URL: - www.rentalagreement.in

E-mail (24 X 7) : - support@rentalagreement.in

Call (8AM to 11AM, 6PM to 9PM) : - +91 81235 91446

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Monday, May 13, 2019

Benefits of a Rental Agreement

In this fast-moving world, people keep on relocating for their study and livelihood. They hardly get time to even think about mutual trust in a plain conversation and so are true for the landlords who want to be secured while renting their premise with strangers.

Having a House Rent Agreement ensures there is no conflict of interest between landlord and tenant over –

1. Deposit and Rent.

2. Water & Electricity’s charges.

3. Owner’s responsibilities.

4. Tenant’s Responsibilities.

5. Maintenance – Damages & Repairs.

6. Termination & extension of the agreement.

Other benefits for tenant include –

1. Proof of residence.

2. Address of correspondence.

3. Proof of paying rent to get a tax rebate under Income tax.

In a nutshell, if you are a landlord or a tenant, get one House Rent Agreement signed by both parties to legalize mutually agreed terms and conditions and leave no place for legal inefficiency in case of a dispute.

https://www.rentalagreement.in offers you a broker/tout free platform to get your Rental Agreement in a few clicks at your convenience saving your precious hours

It's simple – fill it, submit and get it!

For More Information:

Uraan Rental Agreement And Notary Associate

U.R.A.A.N. Associates

URL: www.rentalagreement.in

E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM):+91 81235 91446

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Thursday, April 18, 2019

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!

Save time, save money! Get the rental agreement at your doorstep in few easy steps

Uraan Rental Agreement And Notary Associate
U.R.A.A.N. Associates

URL:www.rentalagreement.in