What is a RENTAL AGREEMENT?

A rental agreement, is a month to month agreement. It is a tenancy of a short period usually of 11 months. For these monthly rentals are charged by the landlord and the tenant pays it according to said terms of the agreement.

Advantages of Rent Agreement

Securing Unpredicted expenses: A rental agreement is an agreement that benefits both the landlord as well as the tenant by securing the unpredicted expenses.

Good Relations: Through rental agreement, there develops a good relation between the landlord and the tenant as the rights and obligations are streamlined and precisely defined.

Provides legal protection: There is always a requirement of a legal document if the value of asset involved is high. Therefore it serves as a legal protection in the form of rental agreement.

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