Mention the security procedure of carpentry shop for rent in the agreement and when it will get refunded. Gorgeous Elm really shines when its varnished. Discuss this clause, and get to know in advance what the amount of brokerage for renewal will be and who will pay it. Follow on Instagram. Online advertisements are the most preferred method for a potential renter because of the informative and detailed information available. Our top notch professional craftsman shop can be accessed at a small fraction of the cost of a garage shop.

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Looking to. Lease, Rent or Sell. Featured Properties. Mention the security amount in the agreement and when it will get refunded. Also, it should be clearly mentioned if there is a separate meter for utility connections based on which you have to pay bills or you got to pay a fixed amount every month.

Typically, rent agreements are executed for a tenure of 11 months. However, you can enter into an agreement for a longer period as well. Make sure the tenure is clearly mentioned. Typically, when the tenant has to vacate the house before the end of the lock-in period, the security deposit gets forfeited by the landlord.

Similarly, if the landlord wants the house vacated before the end of the lock-in period, she has to compensate the tenant by paying an amount equal to the security deposit, in addition to the actual security deposit refund.

Note that the lock-in period is not the same as the notice period, which typically lasts one or two months. If the notice period is two months, you will have to give a two-month notice to your landlord in case you plan to vacate the house. However, the notice period is typically not valid during the lock-in period for either party.

When and how the agreement can be renewed, by how much will the rent go up at the time of renewal, whether or not there are provisions for re-negotiation of rent and so on should be mentioned.

Also, in cities like Mumbai, in the initial agreement, real estate agents put in clauses related to payment of brokerage at the time of renewal. Discuss this clause, and get to know in advance what the amount of brokerage for renewal will be and who will pay it. The agreement should also have the description of the house you are taking on rent such as the floor or apartment number, area of the house, number of rooms, bathrooms, living area, kitchen and so on.

If it is a furnished house, make sure there is a list of all the fixtures and fittings like beds, sofas, tables, chairs, wardrobes, number of fans, air conditioners, lights and so on.

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