Number of residents: The agreement must indicate what will happen if your family members come to see you in the future. See also: Arbitration clause in rental agreements and how it can help landlords and tenants Note here that notarized leases are not the same as registered documents. In the event of a dispute between the lessor and the tenant, the court will not allow a notarized agreement as evidence. It is therefore important to have the lease properly registered. Deposit and token amount: the agreement must clearly mention the deposit and what happens to it when you leave the site. It is also worth mentioning the symbolic amount that the owner received from you. The bill also provides that tenants who extend their stay in rented accommodation, as mentioned in the agreement, are required to pay double the amount of rent for the first two months and four times the rent in the following months. Under the 2019 Model Rental Law, landlords cannot increase pre-tenancy for the entire period for which a lease has been signed. For example, if the lease expires after 11 months, the lessor cannot increase the monthly rent during that period. Only after this period and at the time of registration of the new lease is the lessor legally entitled to make an increase in interest rates that generally does not exceed 10% of the existing amount. In addition, the lessor must announce the tenant three months in advance before increasing the rent in accordance with the bill. Until a lease is registered with the sub-regulatory office, it has no legal effect. It is for both parties to design and register an agreement with specific conditions.
After the rental agreement has been established, the owner must print it on stamp paper. Once the tenant and landlord have signed the documents in the presence of two witnesses, they must declare them to the sub-regulator after payment of the required fee. Visitor: the agreement must contain a clause on who can visit you and when. To reduce costs, tenants and lessors sometimes conclude an oral agreement on the lease and avoid the realization of a lease. Sometimes they also document the agreement and set terms for the rental, but choose not to save the document. This is due to the fact that both parties are responsible for paying a registration fee when a rental agreement is drawn up and registered. The lessor is also required to declare his rental income as soon as the lease is valid. However, entering into a lease without registration is illegal and could prove risky for both parties, especially in the event of future litigation. Maintenance: The agreement must clearly specify who must pay the monthly maintenance fee. . .