NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
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NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
NON DISCLOSURE AGREEMENT (NDA)
COPYRIGHT
COPYRIGHT
COPYRIGHT
WHAT IS A NDA?
A Non-Disclosure Agreement, is an agreement wherein the parties comply with sharing the confidential information/data which is mentioned under the ‘Confidentiality Clause’ of the Non-Disclosure Agreement. The parties to the Non-Disclosure Agreement also agree
to not disclose such information to the third party.
RENT AGREEMENT
WHAT IS RENT AGREEMENT?
Rent agreement is also known as lease agreement. It is a document or
a written contract between the owner of a property (landlord) and the
tenant who takes it on rent. In case, any dispute arises regarding the
property between landlord and tenant, rent agreement act like evidence.
The terms and conditions can be negotiated but after signing it and also, it is binding on both the landlord and tenant. Even conditions
for terminating the agreement are also mentioned in it.
OUR SERVICES :
Our experienced professionals will draft whichever document you need, tailored to your business requirements. We offer every client a free consultation call to
thoroughly discuss their requirements and clarify any doubts they may have after which a customized document is drafted, according to every client’s specific needs.
Let us draft a Rent Agreement for you, personalized and customized according to your specific needs.
WHAT DOES A VALID RENT AGREEMENT COVER?
The important points to be covered in a rental agreement are as below:
-
Rent and Deposit
-
Maintenance, Electricity and Water Charges
-
Damages, Repairs and Alterations
-
Tenant’s Responsibilities
-
Owner’s Responsibilities
-
Lease Termination & Extension
-
Miscellaneous Clauses
STEPS FOR DRAFTING THE RENT AGREEMENT
01
Draft the Agreement
Both the Parties needs to decide the terms and conditions mutually regarding rent, security deposit and other terms included. Decide and draft the Rent
Agreement accordingly.
02
Purchase the e-Stamp paper
Purchase the e-stamp paper
of the prescribed value and print the drafted agreement on e-stamp paper. Start printing the Rent Agreement below the line on the e-stamp paper and mention continued
to page 2 and attach other pages of Rent Agreement giving the Page Numbers. While giving the Page Number consider the Stamp Paper Page as Page Number 1 and mark other numbers of
page accordingly.
03
Sign the Rent Agreement
After that, the Next Step
is Both the Parties have to Sign on every page of Rent Agreement declaring that they are accepting all the Terms and Conditions and also provide two Witnesses.
04
Make it Attest from
Notary Public OR Make
it Registered
Now in thismatter, It’s the choice of both the parties
that mutually whether they want the Agreement attested from Notary Public or want to register it in Sub-Registrar
Office. If you are going to make the Rent Agreement
for more than 1 year than it’s recommended to make it registered in Sub-Registrar Office with stamp duty as
the validity for Notary Attestation in case of Agreement is
for 1 year
IMPORTANT TERMS TO CONSIDER WHILE DRAFTING THE RENT AGREEMENT
Allowance of Pets
Make a clause whether the pets will be
allowed in Rented Property or not.
Names of all Tenants
The Name of all the adult tenants should be included while drafting the Rental Agreement along with their signature on Agreement. This
act will make each tenant to strictly follow the terms and condition set for the rented property.
Duration Of Tenancy
It should be clearly stated in Agreement that what will be the duration of the Tenancy.
Water and Electricity Consumption Bill
It should be clearly stated in Agreement that the water and electricity bill should be paid by the tenant and if ask tenant needs to provide the receipt for the same.
Limit on Occupancy
There should be a limit set on occupancy that theresidence will be use only by the tenants who are involved into the agreement and by their children.
Lock in Period
Locking period prescribes the time period within which any of the parties cannot terminate the contract before the sending of the lock in period,
if the party do so then he has to pay the rent for
the remaining lock in period. So, it is always recommended to modify this term accordingly
and wisely.
Repairs and Maintenance
It is always recommended to clearly set that
what will be the Tenant’s role for the repairs and maintenance and what will be the Landlord’s role and also there should be a term of allowance of owner anytime for Maintenance or for any major repair within the rented property.
Rent and Other
Security Deposit
The Last but most important term for Agreement
is that clearly stating the amount of Rent needs to pay every month and also penalty if the tenant fails to deposit the Rent on Time and also about the mode of accepting the rent/payment.
THE DIFFERENCE BETWEEN LEASE AND RENT
The key difference between lease and rent is their duration.
Whereas a lease remains valid for the period of time specified in the agreement, a rental agreement covers a short-term period that is not necessarily stated.
For example, you and your long-term partner may sign a lease agreement that lasts one year.
However, you may want to opt for a month-to-month rental agreement when moving in with your
partner for the first time because it’s more flexible (in the event things don’t work out).
FAQ's
Q
Why do we generally make a rental agreement for 11 months?
A
Rental Agreement for 11 months is made to avoid the Strict Rental Law which apply
for the Lease up to 12 months, that is why also the One Month in the count of 12
months is consider as the month of Notice Period Serving by the Owner.
Q
Is it mandatory to include the details of all the tenants while drafting the rent agreement?
A
Yes, its highly recommendable to include the Details of all the Mature Tenants.
If you will not include the details of all the Tenants then the terms and conditions
mentioned in Agreement will not be applicable to all the Tenants which can cause
problem in future.
Q
Which one is more secure, notarized rent agreement or registered rent agreement?
A
Registered Rent Agreement is more secure, however the case depends on these
two points -
-
If the Agreement is making for 11 months than notarizing it with Notary Public
is sufficient and Valid
-
If the Agreement is making for above 11 months then it is recommended
to make it register as the validity for Notary Attestation is for 1 year in case of
Rent Agreement.