Treat your rented prop­erty as your own

The terms of con­tract for rent­ing prop­erty should ben­e­fit both the lessor and the lessee

HT Estates - - Front Page - Su­nil Tyagi

This is the sec­ond part of a two-piece se­ries on the nu­mer­ous rights and re­spon­si­bil­i­ties that lessors (land­lords) and lessees (ten­ants) have to­wards each other. Know­ing some ba­sic covenants of law can help par­ties ne­go­ti­ate and fi­nalise terms and con­di­tions of the lease bet­ter, and pre­vent dis­putes. The fol­low­ing covenants are im­plied in na­ture — in other words, they ap­ply in the ab­sence of a con­tract to the con­trary be­tween the land­lord and the ten­ant.

Rights and re­spon­si­bil­i­ties

A lessee is re­quired to pay his rent on time to the lessor, in the proper method as spec­i­fied in the lease deed. A ten­ant is re­quired to main­tain the prop­erty in a good, hab­it­able con­di­tion through­out his term of oc­cu­py­ing the prop­erty. Upon ex­piry or ter­mi­na­tion of the lease, as the case may as be­ing month-to-month te­nancy ar­range­ments. A month-to-month te­nancy can be ter­mi­nated any­time, ir­re­spec­tive of the du­ra­tion pre­scribed in the lease, af­ter giv­ing the lessee a ter­mi­na­tion no­tice.

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