Lease Agreement Subjects

A lease agreement should be specific about these issues: Parties to the lease Rent payable Date and mode by when the rent is payable Securit...

A lease agreement should be specific about these issues:
Parties to the lease Rent payable Date and mode by when the rent is payable Security deposit and interest on it Facilities Monthly maintenance charges and who bears it Other charges such as tax and parking fee, and who pays them Whether the lessee can sub-lease the house Rent escalation clause - when the rent can be increased and at what rate Who will bear the routine repair and maintenance expenses of the house - both minor and major repairs - and what exactly are minor and major repairs Fixtures and fittings provided by the lessor and their maintenance Grounds of termination of the agreement Notice period that needs to be given by either party to terminate the lease In case the lease deed needs to be registered, who will bear the registration expenses Advance rent payable and how it is adjusted Access to common terrace and common areas
It needs to be ensured that the interests of both the lessor and the lessee are adequately protected. The mutually-agreed terms and conditions should be written down and signed so as to avoid disputes.