Why Rent Agreement is only for 11 months?
Image Copyrights N owadays, to let a property by owner for rent became benignant for a person who comes in urban area for a job or educational purposes. As we know in old Bollywood Hindi movies, if any tenant is not able to pay the rent, then Landlord tries to vacate the property forcefully by throwing everything out from the place. But in actual sense, such incidents don’t happen. There exists property law which determines the rights and duties of both Owner and Tenant. Having rental property can be advantageous for both the parties, as Tenant gets a roof to live and Owner gets side income for better living. Following things are important to know as an Owner/ Tenant: 1. If you are an owner and letting a property on rent then you must check the valid I.D. proof of the person to whom you are letting your property. 2. Whenever you want to let/take property for rent, one should make the proper rental agreement which must be signed duly by both the parties. 3. ...
