This agreement lays down the details such as the duration, the rental amount, terms and conditions and responsibilities of both landlord and the tenant. Having a rent agreement in place, can save time and trouble for both landlord and the tenant. For landlord, the agreement ensures that the rent is being paid on time and the property is being maintained my the tenant. For tenant, it ensures that the landlord does not change the terms of the rent according to his/her will or ask you to vacate the property.
To make this agreement legally enforceable, print it on a non-judicial stamp paper duly signed by both the concerned parties. Use this agreement if You as an owner of a property are looking to rent it out to an individual or a company. You as an individual or a company wish to rent a place.