The rental agreement should contain the names and addresses of the lessor and tenant, the terms of the lease, the duration of the lease, the rent and the amount of the deposit, the restrictions for both parties, the conditions for termination of the contract, the conditions for renewal and details of who should bear other costs such as maintenance costs, repairs, etc. 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. You can modify the general conditions of sale according to your understanding with the tenant/owner. 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. A lease is a legal document that binds the owner of a property and the tenant, while preserving the interests of both parties. The owner mentioned in the agreement should be either the owner of the property or a person who has the power of the owner. Maintenance: The agreement must clearly specify who is to pay the monthly maintenance fee. The apartment rental agreement is used when someone wants to rent a single unit in an apartment complex, not the entire property.

Such rental contracts must be drawn up carefully, with clauses relating to the right of access to common amenities and the rules of the residents` association. Ideally, you design the deal a few weeks before you move in. This would allow both the landlord and tenant to make changes if they wish. Deposit and token amount: the agreement must clearly mention the deposit and what happens to it when you leave the site. It is also worth mentioning the symbolic amount that the owner received from you. In recent years, especially with the rise of the information technology sector, many NCMs have appeared in the city of Hyderabad to pave the way for new career prospects, which has led tons of people to emigrate to Hyderabad in search of employment and better opportunities. And this eventually led to a huge demand for rental properties for rental contracts. See also: Arbitration clause in rental agreements and how they can help landlords and tenants You can order a lease on NotaryKart using the following modes: 11-month rental agreement – This is the most used type of lease in the whole country. The duration of such a contract shall be eleven months after the contract, under which the two parties may mutually agree to renew or terminate the contract.

. . .