Jun 09, 2023Real Estate Deconstructed
Rental Agreements: Key Elements of a Rental Agreement in India
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Contents
Frequently Asked Questions
Can a rental agreement be oral, or must it be in writing?
Ans: It is highly recommended to have a written rental agreement. A written agreement documents the terms and conditions agreed upon by both parties.
Can a landlord increase the rent during the tenancy period?
Ans: In India, landlords can increase the rent during the tenancy period if there is a provision for rent escalation in the rental agreement. However, the increase must be reasonable and adhere to local rent control laws.
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