Rent Agreement

We have various ways to earn money. One of them is by renting out property. Some do it as their primary way to earn a livelihood while others do it as a secondary source of income. Does not matter what you do it is very important to do it within the bounds of the law. If you are not doing it so, then when you are faced with any kind of problem, it will become very difficult to get justice on your behalf.

The rent agreement

The most basic thing is the agreement that you sign with your tenant. The two main points in your rent agreement are the time for which you are leasing out the property and the rate of increase of rent. With the more years that you rent out your property to a single user, the more it becomes difficult to raise you rent with the rent control agreement kicking in. What most people do is rent the property out for 11 months. After 11 months, you get a new set of tenants or make an agreement such that the rate of rent increases four to five times in the time period of four to five years.

In 2012, the Honorable Supreme Court has given a judgment stating that if you have rented out your apartment for five or more years, and the tenant has given you rent regularly, then the only way to evict him or her is if you wish to use the property yourself.

Protect your rights

With all of these rules and regulations, it becomes very easy for a tenant to abuse your rights as an owner. Keeping this in mind, it is very important that you consult any lawyers in High Court Chandigarh, Punjab ,Haryana who has experience of such matters. He or she will help you formulate a agreement that will help you should you need to pursue legal matters.

Once in a while, if you are a property owner, you will face problems with your tenant. It is bound to happen. First and foremost, try and talk out your differences. Make sure that both of you understand each other’s limitations and problems. Make sure that you try and come to the middle path so that both of you do not lose and that only one party is not a winner in the settlement. If everything else fails, you have to hire Chandigarh Advocates.

First and foremost, apprise him or her about your situation. Make sure that the person has access to all kinds of paperwork, which has legal value in a court of law. He or she will then study the papers and prepare a case on your behalf. He or she will then advise you to go ahead one way or the other. If you have a strong enough case, then you will be advised to file a case in the suitable court of law. He or she will prepare the required paperwork and argue the case in front of the magistrate on your behalf as well. If you have water tight documentation, you will emerge victorious.