Who Will Pay The Charges For Rent Agreement?
Entering into a rental agreement is a common occurrence for both landlords and tenants. However, amidst the excitement of finding the perfect place, questions often arise about who bears the financial responsibility for the associated charges. In this blog, we'll delve into the various charges related to a rent agreement and clarify whether it's the landlord or the tenant who typically foots the bill. Creation of the Rent Agreement: When it comes to drafting rental agreement , the responsibility typically falls on the landlord. This document serves as a legal contract outlining the terms and conditions of the lease, and it's in the landlord's best interest to ensure its accuracy. Stamp Duty and Registration Charges: In many regions, rent agreements need to be stamped and registered with the local authorities to be legally valid. The cost of stamp duty and registration charges, however, varies from place to place. In some cases, the landlord may cover these expenses, whi...