A contract between a landlord and tenant, whereby the former gives the latter the right to occupy a home or residential premises is termed as a rental agreement. It is one of the most vital documents for both parties to avoid any future disputes.
At a time when the tenancy disputes are growing by leaps and bounds, it is of utmost importance to secure the property by drafting a thorough rent/lease agreement and further, registering the deed at the nearest sub-registrar’s office. Whether you are the tenant or the landlord, a rental agreement registration serves as a legal binding and safeguards the rights of both the parties in case of future conflicts.
Investment guru Murali Kabirdass takes you through the modalities and all other essential information about rental agreements. Watch the video to know more.