The rent agreement letter is a document of agreement between the landlord and the tenant. It is formal in structure, and all the rental details are properly summed up in this letter. It helps you in getting a clear view of what all terms and conditions both the parties are bound to follow as mentioned in the letter. In the case of any disparity against the agreement made both the parties can seek legal help.
The rent agreement letter made in the content of renting a property or house to the second party should be clear about its legal implications. The components of the letter like rent, the period for renting, advance, etc. should be mentioned clearly. The letter should contain the interests of both parties, and If the tenant demands things that he or she claims were agreed upon orally, the landlord can produce this letter to prove that no such agreement was made. Thus it protects the rights of both the parties.
Tips To Write A Rent Agreement Letter
- The letter should be clear in its terms and conditions.
- The factors like rent amount, a period of rent and other details should be its special highlight.
- The letter should contain the interests of both parties.
- The letter should be inclusive of all the rights of both parties.
- The letter should include provisions as to terminate the contract as and when the parties agree upon.
- The provisions for termination should also be there in the letter taking into consideration
Template
Use our free Rent Agreement Letter to help you get started.
From,
____________
____________
____________
Date: _____ (Date on Which Letter is Written)
To,
____________
____________
____________
Subject: Rent Agreement Letter.
Dear Mr./Ms_______ [Name of recipient],
Kindly note that this letter is to legally set the terms and conditions to rent out my fleet of cars for the regular use of the second party ____(name) for a period of ____(mention the duration). Monthly rent and the advance all are specified in the contract letter drafted herewith, and you are expected to make the advance before making use of the company service and advance at the earliest.
Moreover, the rent should be handed over to my company account on or before ____(Date) and failure of which can incur an additional 5% on the monthly rent. If you agree to the terms and conditions pointed out above and willing to go on with the contract, please sign in the space provided as recognition of the agreement drafted above.
Hope you will get back to me very early
Thanking you.
Yours sincerely,
________
[Name and Signature]
Sample Letter
From,
Mr.Siman Jones,
Holy Grail Road,
Kandivali
Mumbai.
February 26, 2017.
To,
Mr. Ravi Joshi,
Arena Emporium,
Goregaon,
Mumbai.
Subject: Rent Agreement Letter.
Dear Mr. Ravi Joshi.
This agreement is being written as a document to me as the first party, owner of the Business vehicles and Mr. Ravi for renting out 100 vehicles from my brand for their daily purposes. The vehicles are all in good working condition and would be used for their business purposes from November 2013.
The monthly rent for the fleet of cars will be Rs 50,00,00. All the vehicles are with insurance coverage and any other type of expense that may arise from your use in the course of time will have to be borne by your company.
Moreover, the rent should be handed over to my company account on or before 10th of every month and failure of which can incur an additional 5% on the monthly rent. If you agree with the terms and conditions pointed out above and willing to go on with the contract, please sign in the space provided as recognition of the agreement drafted above.
Thanking you,
Yours sincerely,
Siman Jones.
Email Format
The following is the Email Format to be followed for a Rent Agreement Letter.
To: name@email.com
From: name@email.com
Subject: Rent Agreement Letter.
Dear Mr./Ms/Mrs.______(Name of the recipient)
This is to inform you that I have received a copy of property lease agreement which has been sent by you at my present address. I am so grateful to you that you have given me such a nice deal for my new lease home. I was searching a home on rent for over a period of two months but could not make it up to find a great deal. But you have given me a deal which consists of affordable rent along with no rules and regulations demanded. It’s your kindness and generosity that you have given me your property on rent on such short notice. I promise you from my side that I will make a note of it that I will pay you to rent on time and maintain your property as it is at present. I hope our relations go a long way and we will renew our contract after one year.
It’s your kindness and generosity that you have given me your property on rent on such short notice. I promise you from my side that I will make a note of it that I will pay the rent to you before time and maintain your property as it is at present. I hope our relations go a long way and we will renew our contract after one year.
Yours Sincerely,
____________(Name of the sender)
Leave a Reply
You must be logged in to post a comment.