A rental or lease agreement is a legally binding contract. Under the agreement both the owner and the tenant agree to abide by the rental laws and the terms of the agreement. A rent agreement is often drafted by the real estate agent appointed by both the landlord and the renter.
To legitimize the agreement, both the landlord and the renter must sign it in the presence of two witnesses who are not beneficiaries of the property and will sign as witnesses. In most circumstances, the real estate agent also serves as a witness.
There are a few things you should know before signing a rental agreement – so you don’t wind yourself in a financial or legal bind.
Here, we have explained five things that you should review before signing a rental agreement.
1. Visit the place
Visit the rental premises before signing the leasing agreement. Make sure you pay a visit at least once to the location to do a reality check. You must not only inspect the house’s condition but also ensure that all electrical and water connections are operational.
It is always a good idea to perform a walkthrough of the property before signing a leasing agreement. Take note of any damage you witness, no matter how little. Take photographs and videos to capture the property’s condition.
2. Understand the Agreement
Rental agreements are not easy to read, but it is critical that you understand the sort of tenancy contract you have before signing. There are a handful that should be double-checked in particular.
Rent Tenure -Note the move-in and move-out dates to be sure they’re correct.
Landlord Details – Make sure the landlord’s and every tenant’s name are on the contract
Obligations -Take note of your obligations while you’re renting and make sure you agree
Security Amount – Check security amount is mentioned before signing the agreement
Renewal Terms- Note down the date and tenure including the condition of renewal terms
Rent Payment date – The agreement also includes the rent payment date, Make sure it is mentioned correctly
It’s critical to understand what the landlord will and will not change. Examine the landlord’s inspection clauses. Do they make you feel uneasy? Before you sign anything, check the legislation in your region and talk to your landlord about it.
3. What the Rent Includes
Examine the leasing agreement’s fine language to ensure you understand what your rent payment involves. Don’t assume that utilities are included in the monthly rent.
The rent agreement may also include other monthly expenses to be paid by the renter, such as the society maintenance charge, energy bill, and water bill.
Landlords may also levy service fees. You don’t want to be surprised by charges you can’t pay after you sign the contract.
The rent agreement may also include a description of the property’s amenities, such as parking space. These additional expenses, as well as who is responsible for them, should be explicitly stated in the rental agreement.
4. What About the Deposit?
You will be required to pay a deposit. Make sure the agreement specifies the amount and when you’ll get it after your lease expires.
Check your state’s security deposit laws in which you you looking for the rental house to ensure you understand them. On this page, you can also learn more about rental bonds.
5. Notice period & penalty
If any party fails to uphold the terms and conditions of the agreement, it will become null and void, and the aggrieved party may seek monetary damages. As a result, the agreement should include a notice time as well as a penalty for cancelling the agreement before the designated term is completed. In most cases, a one-month notice period is served.
5 Ways To Save Money Maintaining Your Pipes And Fixtures
Most of us take our plumbing services systems for granted, counting on them to deliver water at a moment’s notice to all our household fixtures. Indeed, a good plumbing services system does an efficient job of getting hot and cold water where it’s needed.
However, as with any complex system, your plumbing services requires regular inspection and maintenance. Performing routine maintenance and upgrading old or worn-out parts is the key to saving time, money, and energy in the long run.
This article will discuss 5 top tips on maintaining your pipes and fixtures.
5 Tips To Save Money Maintaining Your Pipes and Fixtures
1. Use low-flow shower heads. You use your shower head every day, but have you ever thought about how much water flows through it? Shower head flow rates are measured in GPM (gallons per minute.) Some simple math shows that if one person takes a 15-minute shower every day using a 2.5 GPM showerhead, it roughly adds up to 13,688 gallons of water used per year. But if you choose to install a 2.0 GPM shower head, you approximately save several thousand gallons of water a year. Multiply that if you have a family of four, or if anyone in the house likes taking long showers, and the savings can be quite significant. Contact your local plumbing services company to have a licensed professional determine how you can upgrade your fixtures to save water.
2. Check for slow or hidden leaks. The slightest drip or stream of water can waste a lot of energy and water over time. That’s why you should check all the faucets, toilets, and shower fixtures in your home for slow drips and/or leaks. Make sure you look under the sinks in your bathrooms and kitchen as well. Leaking fixtures can waste dozens of gallons of water a day.
If you have noticed a leak at your home or seen a drastic increase in your water bill, it’s a good idea to call a professional plumber for a home inspection to properly locate and/or repair any hidden leaks.
3. Check your toilet. Is your toilet flushing properly? Check if the flush button or lever comes all the way up after completing a flush. If it doesn’t, meaning your toilet bowl continually fills up with water, your toilet could be leaking a small amount of water into the bowl without you realizing it, adding cost to your water bill. Any worn-out or faulty parts on your toilet, including pipes and fittings, could also be the source of a water leak. A licensed professional plumber will diagnose this properly and recommend the appropriate solution.
4. Insulate your pipes. On a cold winter day, most of us choose to wear a jacket to protect us from the colder temperatures. Similar to how a jacket will protect us from the cold weather, insulation is like an extra layer that helps to protect your pipes from inclement weather. Exposed or uninsulated piping is more susceptible to spring a leak when temperatures begin to drop. Insulating and maintaining your pipes, is a simple way to prepare your pipes for the colder weather and could help save you from costly repairs. Call a licensed plumber to assess your outdoor plumbing and properly insulate your pipes.
5. Get a professional plumbing inspection. A qualified, experienced plumber can look at your whole-home plumbing and water usage and determine whether there are any improvements, upgrades, or repairs that could reduce costs for you.(full service plumbing)
Proactive maintenance, especially performed by a qualified and licensed professional, keeps your plumbing in good condition. Not only does it save you money on your water and heating bills, but it also helps to prevent unexpected, major plumbing issues that can bring your daily routine to a halt and require costly emergency service.
If you’d like to get a plumbing inspection or have any concerns about your home’s plumbing or water usage, we are here for quality plumbing service! Bandoo Services a call at +91 96658 82871, and our courteous and licensed professionals will be happy to help. We also offer 24/7 emergency services for your convenience and offer the best plumbing service in Pune.