The rental agreement or lease is processed on a stamp document. There are 2 types of rental in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws adopted by the Land Government. The other type is a rental and license agreement with a maximum duration of 11 months, which is not covered by rent control laws. Here is the format of the rental agreement used in India – this rental agreement is used on this ___ (date of the rental agreement) by ___ 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 contract. In India, the tenant also pays a deposit or advance to the lessor, which must be reimbursed at the time of termination of the contract. Normally, it is calculated somewhere between 2 or 3 months and up to 10 months of rent. The deposit is paid at the time of signing the contract. In WITNESS OF, the landlord and tenant/tenant/tenant have attached the hand of ___ (Location) on this ___Housing.com___ If you want to complete the formalities quickly and without problems, you just need to fill in the details, create the rental agreement online, sign the contract digitally and mark it in seconds by e-stamp. A rental contract is a legal document defining the previously discussed conditions in which the rented property is rented to be respected between the lessor and the tenant. In India, the 11-month rental term is preferred by most owners when renting real estate.
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