Common Contracts
1 similar House Rental Agreement contracts
House rental agreement format chennai docHouse Rental Agreement • August 22nd, 2021
As home ownership may sometimes be inconvenient or unaffordable, a majority of the migrant working population in India’s major cities live in rented homes. So much so that many states in India are currently busy working out the details of more future-aligned rental policies, to promote this segment of housing in the country.In fact, the union cabinet recently gave its approval to the Model Tenancy Act, 2019, a piece of legislation that is likely to significantly improve the rental real estate market in India. The central version will be circulated to states for adaptation, by way of enacting fresh legislation or amending existing rental laws suitably.According to the draft Model Tenancy Act of the union government (all states have to base their draft rental laws on this act), the tenant must sign a rent agreement when entering into a rental arrangement with a landlord. The rent agreement must include the terms and conditions that shall be binding on both the parties.Model Tenancy ActTo
