Jul 31, 2025Homes and People
Documents to Check before Signing | Godrej Properties
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Contents
Frequently Asked Questions
Which elements are considered essential in a rental agreement?
Ans: The rent amount, security deposit, notice period, renewal terms, escalation clause, and penalty for late payments are some of the most crucial details.
What is the most critical aspect one should review before committing to the lease?
Ans: The tenancy agreement’s termination and rent escalation clauses. These two have the most financial and legal implications over the tenancy period.
Who gets to keep the original rent agreement?
Ans: Both landlord and tenant should retain a signed copy. In most cases, the original is kept by the landlord, and the tenant retains a notarised or registered duplicate.
Who is responsible for bearing the cost of the rent agreement?
Ans: Generally, the tenant bears the rent agreement registration charges, unless mutually agreed otherwise. Confirm this during the negotiation.
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