Why rent agreements are usually of 11 months only
So now you are ready to rent out your house and have taken on the process of drawing up a rental agreement. Before you take the leap find out how rental agreements actually work, the tenure of the agreement and other clauses. Here’s an overview of the whole process brought to you by Asset Homes, eminent builders in Kochi. Even if you avail a flat for rent in Kochi or Trivandrum, the same process applies - you have to sign the rental agreement. Let’s check out… What is a rent agreement? The lease agreement or the rent agreement is a written contract between the owner of a property (the landlord) and the tenant who takes it on rent. It specifies the terms and conditions based on which the property is let out like: Description of the property (address, type and size) Monthly rent Security deposit Purpose for which property can be used (residential or commercial) Duration of the agreement. You can negotiate the terms and conditions but once the agreement is signed, it is binding on both th...