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We draft your Lease / Rent Agreement
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.