As more and more people are migrating to big cities in search of livelihood and education, the concept of paying guest (PG) accommodation has become increasingly popular. It is a win-win situation for both the landlord and the paying guest, as the tenant gets a comfortable place to stay at an affordable rate, and the landlord earns extra income from renting out their property. However, with every agreement, there comes a set of rules and regulations that both parties need to agree upon. In this article, we will discuss the essential elements of an agreement of paying guest.
1. Rent and Security Deposit: Rent is the primary consideration in any rental agreement. The landlord and the tenant must agree on the rent amount, the frequency of payment (monthly/quarterly), and the mode of payment (cash/cheque). The landlord can also demand a security deposit, which acts as a safety net in case the tenant damages the property or fails to pay rent. The amount of the deposit should be mutually agreed upon, and the terms and conditions of its refund should be clearly mentioned in the agreement.
2. Term of the Agreement: The agreement should specify the duration of the tenancy, including the start and end dates. Generally, PG agreements are for a shorter duration of six to twelve months, but the parties may agree to a longer or shorter term as per their convenience.
3. Facilities and Amenities: The landlord must provide the necessary facilities and amenities to the paying guest as agreed upon. This may include a furnished room, access to a shared bathroom, kitchen, and laundry facilities. The tenant must respect the property and use these facilities responsibly.
4. Restrictions: The agreement should also mention any restrictions imposed by the landlord, such as no smoking or drinking inside the premises or no pets allowed. The tenant must respect these restrictions, failing which the landlord may terminate the agreement.
5. Maintenance and Repairs: The landlord is responsible for maintaining the property and making any necessary repairs, such as plumbing or electrical. The tenant must inform the landlord immediately in case of any damage or repairs required.
6. Termination: The agreement must outline the circumstances under which the agreement may be terminated, including non-payment of rent, violation of rules, or mutual consent. The notice period for termination should also be specified in the agreement.
In conclusion, the agreement of paying guest is a crucial document that defines the terms and conditions of the tenancy. Both the landlord and the tenant should read the agreement carefully, ask questions, and clarify any doubts before signing it. A well-drafted agreement can help in avoiding misunderstandings and disputes, and ensure a peaceful and comfortable stay for both parties.
