(1) Unless otherwise resulted in the rental agreement, the interest rate that the tenant must pay to the lessor on rent arrears and other taxes to be paid is 8% (8%) per year. Any individual, business owner or business wishing to use a property as an office can benefit from a commercial office rental agreement, can rent with this type of lease in Delhi Chennai, as the proud thriving capital Tamil Nadu is the center of the main government buildings of the British era. Marina Beach, famous restaurants of South India. Thus Chennai, formerly Madras, is also known for its rich past and its share of historical monuments from the past era, which reflect the cultural heritage of South India, combined with the pleasant coastal climate and business, as well as its proximity to Bangalore and Tirupathi, makes Chennai a popular place for employment opportunities. As a result, tons of people emigrate to this charming city of Chennai in search of jobs and better opportunities. And this eventually led to a massive demand for rental properties for rental contracts in Chennai. 1. Any rental agreement must be registered with the rental authority. The apartment rental agreement is used when someone wants to rent a single unit in an apartment complex, not the entire property.
Such rental contracts must be drawn up carefully, with clauses relating to the right of access to common amenities and the rules of the residents` association. It may seem like a big effort, but now you can use online rental services. LegalDesk offers ready-to-use online rental agreements certified by a lawyer. You can use it to create an agreement in minutes. From a horde of MNCs to ancient temples, Chennai has it all. It is therefore not surprising that a good number of educated people move to cities like Chennai and Coimbatore, mainly for jobs, which in turn has increased the demand for rental property. Which brings us to the point of this article, how to make a lease in the cities of Tamil Nadu? The “total rent payable” is the total amount of rent, fine, premium or down payment (if any) to be paid under the lease agreement. To prepare a lease, start by creating a draft version after discussing the clauses with your landlord/tenant. There are certain clauses that should never be omitted in a rental agreement, which will be discussed later in the article. . .