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>Those agreements are pretty serious legal documents. I agree :) what I am saying is, my observation has been that many people don't do agreements. If you have
by brickcap 11y ago
>Those agreements are pretty serious legal documents.
I agree :) what I am saying is, my observation has been that many people don't do agreements. If you have an agreement with an express expiry date (12-18 months as you say) it is all good. Most people don't. For many people the problem is lack of knowledge. For something as ordinary as renting they don't even consider the need for going to a lawyer/agent and getting a contract done.
What you say about Banglore is opposite to my observation and it makes me happy that people there are smart enough to enter into a contract before renting their house. It is good both for the tenant as well as the landlord.
Noida is also a pretty popular IT city and people renting out their homes make no contract. Even in my own city (gurgaon) letting without a contract is pretty common. Mostly there are no disputes. But when there are they are long and bitter.