What Happens When You Dont Have a Rental Agreement

1. What Happens When You Don’t Have a Rental Agreement? A rental agreement is an important document if you are renting out a place or you are living in a rented property. Both the parties involved in a rental agreement need the agreement. A Notarized Rent Agreement mentions important details regarding the rent deed. It includes important information about the tenants, the terms of the rent offered by the landowner and the details regarding the rent amount, as well as, securities. These pieces of information are crucial for both the parties’ involved in a rental agreement. The lack of producing a written Legal Documentation rental agreement can result in a lot of issues for the tenant as well as the landlord involved in the case. Let us throw some light on the problems that both the parties can face in case of a missing Rental Agreement. For the Tenant The absence of a written Online Rental Agreement can become a cause of serious problems faced by the tenants residing in a rented property. Firstly, the lack of a rental agreement can encourage a landowner to take advantage of the tenants by increasing the rent amount without any warnings. The rent amount is to be mentioned in the rental agreement which can’t be changed without informing the tennat when you write a rental agreement. In addition to this, the absence of a rental agreement means that the landowner can move out of the property anytime and he does not need to inform the tenants before doing so. This could be a problem but you can avoid such instances if you

2. have all the terms and conditions related to the rented property mentioned in a written rental agreement. In case of an absent rental agreement, there would be no written procedure that needs to be followed during such situations. A tenant can’t be secured regarding the aftermaths of such situations when there is no rental agreement created by the parties involved. For the Landlord When there is no written View Encumbrance Certificate, then the landlord is generally at the advantage as he can reap certain benefits yet there are some setbacks in this situation for the landlord as well. In case of any damage to the property, the landowner can’t provide any proof to the authorities as there is no rental agreement where all the terms are mentioned. One big disadvantage for both the parties is that in case of any tiff between the two sides, there would be non availability of any proofs due to the missing rental agreement. These are the reasons why it is beneficial to have a written rental agreement. Even though t is legal to let out a property without a proper rental agreement and Encumbrance Certificate Online, but it is advise