Rent is the payment that is given by one party to other against use of property. Rental agreement is that which is prepared with two parties in which party agrees to pay a certain amount during the described period and the format which is used to prepare is called Rental Agreement Template. Rent amount is fixed and time period use of assets is also determined. In which agreement both parties also describe the type of assets, like tangible or intangible, tangible is land building and intangible is patent, right etc. Payment method is also mention, payment made in cash, installment and also determined the installment amount per month or annual.
Useful Critical Points
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