PAYING GEST Accommodation

A PG rent agreement is a legally binding contract between a landlord and a paying guest that outlines the terms of their stay, including rent, security deposit, and house rules. Key elements to include are the names and contact information of both parties, the PG's address, the duration of the agreement, rent and deposit amounts, and a clear list of rules, utilities, and amenities. Having a written agreement is crucial for resolving potential disputes and for providing proof of address and rent payments.

Essential components of a PG rent agreement

• Party information:

Full names, addresses, and contact details of both the landlord and the paying guest.

• Agreement details:

• PG address.

• Start and end dates of the agreement.

• Details of the assigned room and its amenities.

• Financial terms:

• Monthly rent amount.

• Security deposit amount and the conditions for its return (typically within an agreed-upon period).

• Which utilities are included in the rent and which are not.

• Rules and regulations:

• Specific house rules, including guest policies and quiet hours.

• Maintenance and usage of common areas like the kitchen.

• Any specific rules related to government health guidelines, such as COVID-19 regulations.

• Termination clause:

• The notice period required by either the landlord or the paying guest to terminate the agreement early.

• The consequences of early termination, such as forfeiture of the security deposit for the paying guest if insufficient notice is given.

Important considerations

• Legal validity:

The agreement should be on stamp paper of the required value to be legally valid. While notarization is not always mandatory, the stamp paper is essential.

• Registration:

In some locations, rental agreements may need to be registered with the local registrar's office. Check local regulations, as failure to register can result in penalties.

• Modifications:

Any changes or modifications to the agreement must be made in writing and signed by both parties.