• Mon - Sat 9:30 am - 7:00 pm. Sunday CLOSED
  • 105A, Neha Apartments, Sec-32Pi, Greater Noida-201310, UP, India.
  • +91-8383994087
  • Mon - Sat 9:30 am - 7:00 pm. Sunday CLOSED
  • 105A, Neha Apartments, Sec-32Pi, Greater Noida-201310, UP, India.
  • +91-8383994087

LEASE / RENT AGREEMENT

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Lease / Rent Agreement

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A brief introduction on Lease / Rent Agreement in India

Legal Contract: A lease rent agreement in India is a legally binding contract between a landlord (lessor) and a tenant (lessee) outlining the terms and conditions for renting a property for a specified period in exchange for rent.

Essential Terms: The agreement typically includes essential terms such as the duration of the lease, rent amount and frequency of payment, security deposit, maintenance responsibilities, and clauses regarding renewal and termination.

Registration: Lease agreements for terms exceeding 11 months must be mandatorily registered with the local sub-registrar's office to be legally valid and enforceable. Registration involves paying stamp duty based on the rent amount and executing the agreement on stamp paper.

Rights and Responsibilities: The lease agreement outlines the rights and responsibilities of both the landlord and tenant during the tenancy period, including usage restrictions, rent escalation clauses, and maintenance obligations.

Dispute Resolution: In the event of disputes arising between the landlord and tenant, the lease agreement serves as a crucial legal document to resolve issues through negotiation, mediation, or legal recourse, if necessary, based on the terms agreed upon by both parties.

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