Unlock the Power of Electronic Signature Licitness for Facility Rental Agreement in India

How to eSign a document: electronic signature licitness for Facility Rental Agreement in India

are you looking for a rented accommodation if so then you must know what to check in the rent agreement before signing a deal hi i'm nihanakal welcome to property matters [Music] you as a tenant should be thoroughly aware of the lease from where it begins to where it ends you should be well aware about the terms and conditions mentioned in the rent agreement there are some top seven clauses you must check before signing the dotted line title of the property necessary documents such as maintenance receipts electricity bill etc you must find out the status of the property is it a mortgage property or not if there is a default in loan or noc is required from the bank before renting out the property then you as a tenant can land up in a tricky situation in future security deposit know how much the landlord is charging and be clear about how this amount will be adjusted when you vacate the property mostly it is adjusted in the last two months it is good to give the security deposit as bank transfer or through a cheque you must avoid the cash transactions this way you can have a proof to show in the case of a litigation do check if the landlord has late trained policy or not this is very important if rent is due on the first of the month most landlords will activate the late fee on the second unless there is a grace period that's either written in the lease or mandated by the state or local laws therefore it's good to have clarity on this front you must know that how much your landlord will increase the rent and how frequently generally the amount of monthly rent goes up by 10 or as specified in the rent agreement make sure you know the increase percentage every year and finally ask about the restrictions on timings guest entry pet policy and meal policy renting a home is as big as buying a home so once you move in it gets really difficult to make changes in rent agreement therefore you must check your rent agreement thoroughly before moving in taking the advice from a lawyer is recommended it will help you understand the document better i hope you like this video if you have any query or concerns you can write to me on my twitter my twitter handle is at the right nihaanakpal you can also follow me on instagram and facebook if you have any query you can send in the comment section below this video as well with cameraman manish sharma this is nihanak for signing off please subscribe to magic bricks on youtube and press the bell icon to get new videos