Rent › Agreement dates

Agreement dates and the yearly rent increase

Most rent trouble comes from forgotten end dates and unclear increases. Write both down once and let the board remind you.

Start and end

Type the agreement start and end date on the tenancy. The rent board shows when each agreement ends and marks those ending within 60 days.

Yearly increase

Type the rent at the start date and the yearly percentage. At every anniversary month of the start the rent goes up by that percentage: with ₹10,000 and 10%, the second year’s rent is ₹11,000 and the third year’s ₹12,100. A bill that covers months before and after an anniversary prints one line for each rent.

Renewal

For a renewal or a fresh rent, make a new tenancy sheet with the new start date and the new rent. The latest sheet gives the current terms, and the old bills stay as they were.

Registration of long leases

A lease for more than one year must be registered under the Registration Act, 1908; stamp duty differs by state. Many landlords use short agreements of 11 months. Ask a lawyer for the agreement itself; the tenancy details sheet only records the agreed terms.

Security deposit

The deposit is written on the sheet. Settling it at the end (deductions, refund) is done outside this tool.

When the tenant leaves

Change Tenancy to "Tenant has left" on the last record and save. No further months are counted as due; unpaid bills stay on the board until marked paid.