Rent Agreement Types In India

The lease is stamped and registered if the lease is more than 11 months. for the same purposes as the same stamp duty and registration fees, they must be paid. Stamp duty varies from state to state and is determined on the basis of brand value. If the landlord and tenant are relatives or good friends, they can follow this path. However, this is not the right way There must be valid (legal) documentation of the lease, no matter what. If you do not follow the rules and do not opt for a legal lease, both parties may be in trouble in the event of a dispute. Always remember, it is best to keep things clear to avoid any kind of property difference in the future. On the Indian Real Estate Forum, Varun Verma writes: “I have a tenant who is not empty, even after he was told to do so eight months ago. We gave him a lease to sign what he had lost, and we forgot to make another one. The tenant pays the rent late and has not paid any electricity bills in recent months, for which the electricity service cut off the electricity, then he forged and made false connections that we forced to remove it. My wedding is in two months and we need the house for the family and later for personal use. What needs to be done to make things happen soon?┬áIn such times, a trial is inevitable, but you could avoid trouble by making a registered lease as soon as possible.

If a rental agreement is not registered or the stamp duty is not paid, the lease is not considered a valid document. Registration of the lease is mandatory. The unregant tenancy deed is not considered a valid document. 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.