answersLogoWhite

0


Best Answer

Rent Agreement is an agreement in which two parties Owner and Tenant mutually agrees for the rental of property under the given rules and regulations prescribed by the Government of India.It is very important for both the Tenant and the Owner of the Property.

  • Tenant gets the Legal Assurance for the Rented Property after Drafting the Rental Agreement.
  • Owner also gets the benefit of Rental Agreement as it secures his/her property from any kind of illegal action.

Thanks.

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the purpose of a rental agreement?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the purpose of Assured Shorthold Tenancy Agreement?

The purpose of an Assured Shorthold Tenancy Agreement is to protect renters and landlords in rental agreements. The Assured Shorthold Tenancy Agreement was created in 1996.


i need a copy of a home rental agreement?

i need a copy of a home rental agreement


where can I buy equipment rental agreement forms ?

where can I purchase equipment rental agreement forms?


Where can I download a template for a free rental agreement?

Uslandlord.com has free rental agreements, also mrlandlord.com will have the forms. Please check with a lawyer before providing or signing any binding legal documents. Need rental agreement template HOW MUCH FOR LATE FEES WHERE DO I GET A RENTAL AGREEMENT FOR FREE? uslandlord.com show me the rental agreement free lease agreement I need a template for a free rental agreeement, for property not homes. where do i find it? WHERE CAN I FIND A FREE TRUCK RENTAL AGREEMENT


How long do you have to change the terms of your rental agreement?

You cannot change the terms of your rental agreement except permitted by law or by the binding contract regarding the terms or conditions governing the rental agreement.


How do you remove someone from a rental agreement in California?

You would normally create a new rental agreement with the landlord.


What allows a rental agreement to be canceled?

Usually rental agreement has a cancellation clause that sets the term under which the rental agreement can be cancelled. It is common for them to require 30 days notice before vacating.


what are the steps to evict a renter who does not abide by the rental agreement?

what are the steps to evict a renter who does not abide by the rental agreement in virginia


What is a basic rental agreement?

A basic rental agreement, is a very simple and basic rental agreement. However, I would recommend seeking legal advice because it could prevent businesses from being tricked or scammed.


Which place has rental agreement forms?

Well, I would recommend getting rental agreement forms from official government headquarters or sources because they offer a variety of rental agreement forms for different rental agreements and conditions. It is also very legal, and has a guarantee.


Home Rental Agreement?

Get StartedA rental agreement is a written agreement between a Landlord and a Tenant establishing the rights and responsibilities of each party. The Landlord is the owner of real estate (also known as "premises") who rents that property to a Tenant for the Tenant's use. A "home" rental agreement applies to real estate used as a residence, while a "commercial" rental agreement applies to business property. This Standard Home Rental Agreement contains a comprehensive set of provisions and options. A Simple Rental Agreement automatically includes many of the standard Home Rental Agreement provisions that most users would select if given the choice, and therefore is designed for easier use.A written rental agreement should be prepared and signed whenever property is rented to reduce the likelihood of misunderstandings between the Tenant and the Landlord regarding the rental arrangement.


Does a tenant have to sign a rental agreement?

For the rental lease agreement to be valid in the United States court of law it has to be signed by the Landlord and Tenant.