If a property is rented for 24 months with a monthly rent of Rs20,000 for the first 12 months and 22,000 Rs. per month for the next 12 months. The registration fee of this agreement would be: 2% of the average rent for 12 months: Rs5.040, (average monthly rent is Rs21,000, average annual rent is 21000 – 12 and 2% is Rs5,040). I took an apartment to rent in Chennai for two years, for the use of apartments. The landlord agreed to an automatic extension of the tenancy for two years after my single election without a rent increase for the extended period. Under these conditions, we have signed a lease agreement. Two years passed and I decided to renew the lease. But all of a sudden, my landlord asked for a rent increase of almost 30 percent and threatened to cut off the electricity and water supply and drive me out of the premises if I didn`t agree with the overhaul. Please inform me of my rights under the Rent Control Act. I want to stay in the premises for the remaining two years, without being disturbed by the owner. Also make sure the agreement clearly states what you need to pay, such as electricity, water, PNG, maintenance, etc.

In addition, it should be made clear whether there is a separate meter for supply connections on which you must pay bills or if they have to pay a fixed amount each month. The lease agreement is also known as a lease agreement and is a written contract between the owner of a property (the owner) and the tenant who accepts it as a rental. The agreement defines the conditions on which the property is leased, for example.B.: description of the property (address, type and size), monthly rent, deposit, purpose for which the property can be used (residential or commercial building), and duration of the contract. Its terms and conditions can be negotiated, but once signed, it is mandatory for both the lessor and the tenant. It also sets out the conditions under which the agreement can be terminated. Also clarify the prohibition period during which neither the tenant nor the landlord can terminate the contract and make sure it is also mentioned in the contract. “The agreement should clearly mention the consequences of the termination by one of the parties before the end of the lockout period,” said Rajat Malhotra, a partner at Laware Associates, a Delhi-based law firm. As a general rule, if the tenant has to evacuate the house before the end of the prohibition period, the deposit is cancelled by the landlord. If the landlord wishes to evacuate the house before the expiration of the prohibition period, he must compensate the tenant in addition to the actual repayment of the deposit by paying an amount equal to the deposit. If the customer has a credit account with the lessor, he can rent over several months (or years) and receives a recurring invoice or continuity by rental period until he returns the device.

In this case, deposits are rarely necessary. Finally, it is recommended that you continue to pay the rent in accordance with your lease for the long term. If your landlord wishes to set a fair rent for the premises or evict him from the building, he must follow the procedure provided by the Law on Rent Control. If the lessor is taking an illegal activity to force you to leave the premises, you have the right to go to the Rent Control Court to request a reasonable de-icing. Steigenberger has entered into a long-term lease with CA Immo. To rent or rent in many apartment buildings, a tenant (also called a “reader”) is often required to provide proof of tenant insurance before signing the tenancy agreement. There is a particular type of homeowner insurance in the United States specifically for tenants – HO-4. This is commonly referred to as tenant or tenant insurance. Like the condominium cover called the HO-6 policy, tenant insurance covers aspects of the apartment and the contents of which are not specifically covered in the flat-rate policy written for the complex.