The various details that are listed in a rent agreement document include information of both the parties, details about the property, the mode of rent payment, the notice period and the lock-in period duration, all the things included in the house like lights, fans, geysers, etc.
Let us look at some of the common mistakes people tend to make in a house rent agreement format which can lead to many problems in the future:
- The terms which can lead to the eviction of the tenant are not specified.
- The lock-in period and termination are not mentioned. The lock-in period is the minimum period till which the tenant cannot vacate the property. The notice period before terminating the agreement also needs to be specified.
- Not mentioning the amount of rent to be paid, mode of payment, and any other charges.
- Clauses related to subletting of property and power of attorney are not mentioned.