Renting a home without a written agreement? Here's why it may be risky
In India, verbal rental agreements often lead to misunderstandings, as they lack essential written terms and legal safeguards. This scenario exposes tenants to unpredictable rent
In India, verbal rental agreements often lead to misunderstandings, as they lack essential written terms and legal safeguards. This scenario exposes tenants to unpredictable rent increases and abrupt evictions. The absence of documentation complicates security deposits, and property repairs frequently result in disputes. To protect both parties, written contracts are now a requirement under the Model Tenancy Act in states that have adopted it.
The BriefWire