Recently one of my friend was looking for an rented apartment. He asked me for the procedures, what will be duration of rent agreement & various things. I thought it will be a good idea to make a blog on this topic so that you as well me can take reference of this blog before entering into rent agreement. What is Rent agreement? The rent agreement is also called as lease agreement. It's basically a written contract between the owner of the property & the person who takes it on rent. Owner= Landlord : Person who takes it on rent= Tenant. What does Rent agreement contains? 1. Terms & conditions based on which the property is let out 2. Description of the property (address, type & size) 3. Monthly rent, security deposit, purpose for which property can be used (residential or commercial), duration of the agreement. 4. Notice period & the circumstances under which the said agreement can be terminated along other vital inclusions. Importance of Dur...