A rent agreement format is a legal document which binds the interest of both the tenant and the owner where the Owner has given his property on rent to the tenant for a stipulated period and the expiry of which can lead to the renewal or termination of the contract as the case may be.
The rent agreements normally are of 11 months tenure. This is done to skip the registration process. As per, Registration Act registration of the property is compulsory that is on lease for a year or more. But a Rent Agreement can also be extended up to 36 months with some additional clauses like an average increase in rent of around 7% year on year; either party can terminate the agreement without mentioning any reason by giving notice of 3 months advance. Unlike a regular apartment, if the property is a serviced apartment the terms and conditions of the rent agreement format will obviously vary. Though the concept is yet to emerge to the fullest, but gradually this concept is taking a shape and that too for good. The best locations for serviced apartments should be as close to the business areas as possible. In other words, it will be best if these are located in the heart of the city from where the office or the workplace of the tenant is nearby. In these cases, the property owner is in direct tie-up with the company and the rent agreement contract is made between the owner and the corporate itself and the contract is made for one year.
A number of listings can include names of local estate companies, which are providing cheap apartments differing in style, size, as well as comfort level. The real estate companies can give you information about available apartments for rent with the click of a mouse. No matter whether you wish to enquire about the facilities like the dryer, washer, and other amenities like pool and tennis court, you can get all kinds of the updated info from the website online. This means you may gather all types of information without visiting an apartment. After choosing some apartments, you may personally go and have the feel of this and select one that is well suited according to your family and necessities. Selecting the good apartment is certain to happen, however, select one right can take a bit thought. In order, to help make the sound choice, here are some key things you need to think about.
Find out best location that will meet your requirements. The good idea will be to know how close is an apartment to your work & other amenities that you use. Is this close to the public transportation & has simple access to the freeways? It’s very important to find the apartment in the neighborhood that will suit your lifestyle. Perhaps you’re more in trendy city vibe, or you want more family neighborhood with the playgrounds and the school zones.