What is the rent contract?
A rent contract is a legally binding document between a landlord (property owner) and a tenant (individual or business renting the property). It is commonly referred to as a rental agreement or lease agreement.
A rent contract defines:
- The terms and conditions of renting (rent amount, payment date, duration of stay).
- The rights and responsibilities of both landlord and tenant.
- Rules and regulations on property use.
- What happens in case of late payments, disputes, or termination.
Why should you prepare a rent contract before letting your property on rent?
In Nepal, most landlord-tenant arrangements are based on verbal understanding. However, disputes can still occur, and sometimes tenants may leave without notice. If a tenant fails to pay rent on time, landlords should avoid taking actions out of anger or frustration.
The most effective way to prevent disputes is by having a written rent agreement. This document clearly outlines the rights and responsibilities of both landlords and tenants. It can be used whether renting property to families for residential use or to businesses for commercial purposes.
Rental Agreement by eJyalo
eJyalo is dedicated to advancing digital rental management in Nepal. With extensive knowledge of local rental practices and relevant laws, the team provides solutions that prioritize safety and convenience for both landlords and tenants.
eJyalo offers customized rental documents in both Nepali and English, suitable for residential and commercial properties.
You can download a rental agreement that helps make rent management safer, more organized, and legally secure.