8 THINGS TO RE­MEM­BER WHILE SIGN­ING A RENT AGREE­MENT

SUB-REG­IS­TRAR OF­FICES IN DELHI

HT Estates - - Front Page -

Awell-drafted res­i­den­tial rent agree­ment be­tween the land­lord and the ten­ant in un­am­bigu­ous terms helps to bring clar­ity, com­plete­ness, en­force­abil­ity and ef­fec­tive­ness of the agree­ment. A legally bind­ing rent agree­ment helps the par­ties to safe­guard their in­ter­ests and to avoid fu­ture le­gal dis­putes. The par­ties must en­sure that the fol­low­ing main points amongst oth­ers are in­cor­po­rated in the res­i­den­tial rent agree­ment:

of the par­ties: The rent agree­ment must spec­ify the names of the par­ties to the agree­ment. This first el­e­ment, while seem­ingly el­e­men­tary, should not be over­looked as con­tract im­plies a re­la­tion­ship and a re­la­tion­ship re­quires more than one party.

Recitals in­clude a back­ground his­tory of the rented prop­erty and de­scribes the com­plete spec­i­fi­ca­tions and de­scrip­tion of the rented prop­erty.

Con­sid­er­a­tion means the money paid or to be paid, the li­a­bil­i­ties as­sumed or to be as­sumed, in­clud­ing tax li­a­bil­i­ties. The rent agree­ment must clearly spec­ify the rent to be paid by the ten­ant to the land­lord in­clud­ing the se­cu­rity amount de­posited with the land­lord.

ef­fec­tive dates: Gen­er­ally, two or more dates can of­ten be found in a rent agree­ment, and the ef­fec­tive date of the agree­ment is not clear. Such clut­ter and con­fu­sion about mul­ti­ple dates can be avoided by sim­ple but in­ci­sive lan­guage, such as a pro­vi­sion spec­i­fy­ing which date is the ef­fec­tive date of the rent agree­ment.

The rent agree­ment must pro­vide the du­ra­tion for which the rent agree­ment from the ef­fec­tive date will ex­ist be­tween the par­ties. The par­ties may also in­clude pro­vi­sions con­cern­ing the re­newal of the rent agree­ment on ex­piry of the sub­sist­ing rent agree­ment.

in pe­riod: The par­ties may pro­vide for the lock-in pe­riod in the rent agree­ment ie the pe­riod for which the rent agree­ment can­not be ter­mi­nated by ei­ther of the par­ties. The lock-in pe­riod is in favour of both the par­ties and must spec­ify the ex­cep­tional cases where such lock-in pe­riod would not ap­ply - such as the trans­fer of the ten­ant to an­other ciyt. There should also be a se­vere penalty for ter­mi­nat­ing the agree­ment dur­ing the lock-in pe­riod.

and rep­re­sen­ta­tions: The rent agree­ment must clearly spec­ify the rep­re­sen­ta­tions and war­ranties by the land­lord and the ten­ant to bring com­fort and cer­tainty con­cern­ing the rented prop­erty. The rep­re­sen­ta­tions help in al­lo­cat­ing re­spon­si­bil­i­ties and ex­penses to be borne by the land­lord and the ten­ant, in­clud­ing (i) re­pair and main­te­nance ex­penses; (ii) wa­ter, elec­tric­ity, park­ing charges; (iii) prop­erty taxes, rates, du­ties, fines, penal­ties payable to the ap­pro­pri­ate lo­cal au­thor­i­ties and mu­nic­i­pal­i­ties con­cern­ing the rented prop­erty; (iv) regis­tra­tion charges etc.

The rent agree­ment must ex­pressly pro­vide for the grounds un­der which the rent agree­ment can be ter­mi­nated by the par­ties. The rent agree­ment must state the charges, ex­penses that the land­lord and the ten­ant have to be bear at the time of ter­mi­na­tion.

NORTH

Sub-Reg­is­trar- I Of­fice of SR (North), Old Court Build­ing, Kash­mere Gate, Near Ritz Cin­ema, Delhi. Phone: 23860435 Of­fice of SR-III, 4/7, Asaf Ali Road, New Delhi. Phone: 23274826 Of­fice of SR-V, Mehrauli Tehsil Build­ing, Mehrauli, New Delhi. Phone: 26646116 Of­fice of e-sub reg­is­trar-V, Mehrauli Tehsil Build­ing, Mehrauli, New Delhi. Phone: 26646700 Of­fice of SR-VII, INA, Vikas Sadan, New Delhi. Phone: 24626011 Of­fice of SR-IX, Old Ter­mi­nal Tax Build­ing, Ka­pashera, New Delhi. Phone: 25069483 Of­fice of the SR-II, Trans­port Build­ing, Dis­trict Cen­tre, Janakpuri. Phone: 25554687 Delhi Co-po Bank Build­ing. Ro­htak Road, Nan­gloi, Delhi. Phone: 25183588 DC Of­fice Com­plex NE, Nand Na­gri, Delhi. Phone: 22132199 DC Of­fice Com­plex NE, Nand Na­gri, Delhi. Phone: 22139178 e-Sub-Reg­is­trar - IV-B DC Of­fice Com­plex NE, Nand Na­gri, Delhi Of­fice of the SR-VIII, LM Bundh Of­fice Com­plex, Shastri Na­gar, Delhi. Phone: 22025615 O/o sub reg­is­trar, G.T. Karnal Road, Ali Pur BDO Of­fice, Delhi O/o sub-reg­is­trar, Sec­tor-15, DTC De­pot, Ro­hini, Delhi O/o e-sub reg­is­trar, Sec­tor-16, Ambed­kar Bhawan, Ro­hini, Delhi O/o sub-reg­is­trar, RU Block, Pitam Pura, Delhi

Sub-Reg­is­trar- III

Sub-Reg­is­trar- V

e-Sub-Reg­is­trar- V

Sub-Reg­is­trar- VII

Sub-Reg­is­trar- IX

Sub-Reg­is­trar-II

Sub-Reg­is­trar-II

Sub-Reg­is­trar - IV

Sub-Reg­is­trar - IV-A

Sub-Reg­is­trar – VIII

Sub-Reg­is­trar – VI

Sub-Reg­is­trar – VI

e-Sub Reg­is­trar – VI

Sub-Reg­is­trar – VI

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