While drafting a Rent Agreement Format Maharashtra, you must include following clauses in the agreement to make it legally valid that can protect rights of Landlord and Tenant.

• Personal Details: Clearly mention the personal details of both parties that includes Name, Contact No. Address, etc.
• Tenancy Duration: Duration of which the rent agreement will be in effect.
• Use of Property: The purpose of renting the property – Residential or Commercial –  must be mentioned on the Rent Agreement.
• Rent Amount: The agreed rent amount the tenant will pay to landlord for rented property.
• Date & Frequency: The frequency and date of rent payments.
• Security Amount (Deposits): Security amount, its purpose and how it will be adjusted or returned at the end of the tenancy.
• Terms & conditions: Agreed terms and conditions to use the property by tenant.
• Insurance: This is majorly uses in the commercial rent agreement to insure the property.
• Maintenance: Name of the party responsible for the maintenance and repair of the property.
• Lock-in-Period: The lock-in period prescribes the time period within which any of the parties cannot terminate the contract before the sending of the lock-in period of rent agreement, if the party does so then he has to pay the rent for the remaining lock-in period.
• Termination of the agreement: The termination clause outlines the conditions in which either party can terminate the agreement. This includes Notice period, penalties and valid reason for termination to protect both parties rights.
• Provided Amenities: The Rent Agreement should list all the amenities provided to the tenant such as furniture, appliances, parking, or security services. This helps to ensure that tenant understands what amenities are provided and what should be maintained or return in good condition.
• Renewal Terms: This clause specifies in which canditions Tenancy can be renewed – Usually with mutual consent and revised rent.
• Stamp Duty & Notarization: Rent Agreement must be prepared on appropriate Stamp Paper. Although, Notarization is not mandatory but we recommend it for authenticity. Agreeement for more than 11 months must be registered at sub-registrar office.