Lease Deed/Rent Agrremnet

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OverviewDocumentsFAQ's

A Lease Deed is a legal contract between a lessor (owner) and a lessee (tenant) that grants the tenant the right to use and occupy a property for a specific period in exchange for rent.

  • Purpose: To legally define the terms and conditions under which a property is leased.
  • Duration: Lease terms can range from months to years.
  • Key Elements: Rent amount, lease period, rights and responsibilities of both parties, maintenance, renewal, and termination clauses.

Documents Required for Lease Deed

  1. Identity Proof of both lessor and lessee (Aadhar, PAN, Passport)
  2. Proof of ownership of the lessor (Sale Deed/Title Deed)
  3. Property tax receipts (for lessor)
  4. Passport-sized photographs of both parties
  5. Previous lease deed (if renewing)
  6. NOC from housing society or local authority (if applicable)
  7. Signed Lease Deed draft with agreed terms

FAQ's

FAQ's

1. Is it necessary to register the Lease Deed?

  • Lease deeds for more than 11 months should be registered for legal validity.

2. What happens if the lease term is less than 11 months?

  • It generally does not require registration but should still be in writing to avoid disputes.

3. Can the lease terms be negotiated?

  • Yes, rent amount, duration, and other conditions are negotiable between parties.
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