What is a Rental/Lease Agreement & Why is It Essential for Property Deals?

 What is a Rental/Lease Agreement & Why is It Essential for Property Deals?” 📝🔑

🗣️ Client Question:
"Sir, we’re leasing out a commercial property. Do we need a Rental/Lease Agreement, or can we just shake hands?"

✅ Answer:
A handshake is good for friends, but when it comes to leasing property, you need a Rental/Lease Agreement! 🖊️ It’s your safety net, ensuring all terms are clear and legally enforceable for both landlord and tenant. 🏢🔐

👉 What should a Rental/Lease Agreement include?
✔️ Property details (location, size, condition) 🏠
✔️ Rent amount, payment schedule & due dates 💰
✔️ Duration of the lease and renewal clauses ⏳
✔️ Responsibilities for repairs, maintenance & utilities 🔧
✔️ Termination terms and security deposit conditions ⚖️

💡 Benefits of a Rental/Lease Agreement:

• Ensures clear terms for both landlord and tenant
• Prevents potential disputes over rent, repairs, or deposits
• Legally protects both parties in case of breach
• Provides clarity on property usage and restrictions
• Secures long-term stability in the property deal

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😄 A Rental Agreement is like a property handshake with legal muscles! 💪🤝

📣 Need a professionally drafted Rental/Lease Agreement? LEXIS AND COMPANY is your go-to! ✍️⚖️

📞 Call: +91-9051112233
🌐 Website: https://www.lexcliq.com