This lease agreement will be entered into at this `date of the lease agreement` of `S/o` (name of the renter) S/o __________s name of the landlord), Added here according to the name of owner/ owner, part of the first part You can change the terms and conditions after your agreement with the tenant . This lease is not legally binding unless it is registered. The notarized agreement does not mean that it is registered. Tenants must pay stamp duty and registration fees on the agreement. Here is the format of the lease used in India – The lease agreement must bear the name and address of the landlord and tenant, the terms of the lease, the lease period, the amount of rent and deposit, the restrictions for both parties, the terms of termination of the contract, the terms of renewal and details on who should pay other costs such as maintenance costs, repairs, etc. Visitors: The agreement must contain a clause on who can visit you and when. The Registration Act of 1908 requires the registration of a lease if the tenancy period is more than 11 months. In India, the deposit or advance is also paid by the tenant to the landlord who must be reimbursed at the time of termination of the contract. As a general rule, it is charged anywhere from 2 or 3 months to 10 months of rent. The security deposits are made at the time of signing the contract. Use our easy-to-navigate maintenance questionnaire, complete the required fields and you have the most up-to-date rental contract available for printing in minutes!!! At the end of this process, we will also tell you what you need to do to make this agreement legally valid. Number of occupants: The agreement must indicate what happens if your family members come to see you in the future. Whether you are a landlord or tenant who wants to rent a property, it is important that you can use a valid lease format containing all the important clauses that can be used as the subject of a reference document for all parties involved.
The lease agreement should be error-free in order to protect the interests of both parties and the document should serve as common evidence in the event of a dispute. Under the provisions of the 2019 Standard Rent Bill, landlords cannot apply a pre-fixed rent increase for the entire period for which a tenancy agreement was signed.