Guidelines for Rent Agreement
Guidelines for Rent Agreement
The following instructions/guidelines must be considered while executing the rent agreement:
- The rent agreement must clearly state that the purpose of renting the space/building is educational (i.e., running an educational institution/college).
- The duration/period of the rent agreement must be clearly defined (e.g., valid for a minimum period as per HEC/University guidelines).
- The agreement should explicitly detail the total covered area and facilities included in the rented property.
- It should be properly executed on stamp paper of appropriate value and duly notarized or registered as per government regulations.