Introduction
Disputes between a landlord and a tenant are likely to arise for some reasons. These may include issues related to late payment of rent, an increase in rent, maintenance of property, or cancellation of rent. The Transfer of Property Act 1882 and the Rent Control Act in each state lay down rules for landlords and tenants. Let us now look at some of the rules in such matters.
Table of Contents
- Contractual Provisions for Tenants to Protect Landlords
- Tenancy Agreement Clauses to Protect Tenants
A tenancy agreement is an important legal document that sets out the terms and conditions of the tenancy. The agreement was signed by both parties. Their rights and responsibilities should be clearly stated. Generally, both landlords and tenants add clauses to protect their interests. However, the tenancy agreement should contain specific provisions that protect the interests of both parties, which will reduce the chances of future disputes.
Contractual Provisions for Tenants to Protect Landlords
Payment Terms and Conditions
Landlords should understand that the tenancy agreement specifies the amount of rent to be paid by the tenant and the time during which it must be paid, including the grace period. The agreement should also specify who pays the utility and maintenance charges. Payment modes like cash, check, online, etc. Can be included to avoid any confusion. They can also add a clause if there is a penalty for late or late payment of rent.
Repair responsibilities
A landlord can clarify who is responsible for carrying out repairs and paying expenses while tenants are on their property. Details of major repairs and minor repairs on the property can also be mentioned.
Defined property usage
Landlords are allowed to include a clause specifying the terms on which tenants can use their property. They may specify whether any renovations of a permanent nature are permitted on the property. Because the authorities can take action against the employer. This is an important clause to prevent disputes if the tenant decides to undertake any renovation work.
Tenancy Agreement Clauses to Protect Tenants
Landlord’s Financial Responsibilities
Tenants should understand the landlord’s financial obligations, such as payment of property taxes, home insurance, etc., which are clearly defined in the tenancy agreement. Generally, the agreement should include an agreement by the landlord that such charges are cleared or that the landlord is responsible for payment of utility charges, maintenance, etc.
Security Deposits
Before finalizing the tenancy agreement, the security deposit amount should be discussed with the landlord. Make sure the landlord can stop it. The rental agreement should detail the process and timing of returning the deposit at the end of the lease term, including deductions for any major damages.
Deduction of expenses from tenancy
Generally, tenants can undertake minor repairs in their homes. When there are significant costs involved, it can also lead to disputes between landlords and tenants. Therefore, it is beneficial to have a clause stating that such expenses borne by the tenant will be deducted from the rent.
Conclusion
The tenancy agreement should be comprehensive. Various aspects of tenancy should be covered. It helps both parties understand their rights and responsibilities. Thereby avoiding potential conflicts of interest. For more information, visit Openplot.
Also read: Rental Agreement in Hyderabad