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Rights and liabilities of both landlord and tenant are categorically mentioned in the agreement
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A Rent Agreement is an agreement between the landlord and the tenant whereby the landlord gave the tenant the right to occupy the property for a specific period.
A Rental Agreement can be written, oral or implied. Since the rental agreement is the most important part of a landlord-tenant relationship, it must be in writing. The advantage of having a written agreement is that it outlines the terms and conditions agreed to by the parties. Once the parties have agreed to their terms and conditions in the contract it cannot be changed unless both the parties agree.
A Rental Agreement can be either for a fixed period of time or for a month to month period or for week to week period etc. It is wholly depend upon the intention of the parties.
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