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Rent Agreement

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Sale Deed

RENTAL AGREEMENT FORMAT

 

This Rent Agreement (here in after termed as “Agreement”) is made and entered into this [date] (here in after termed as “Said Date”) by and between [name] with its principal place of business located at [address] (the “Landlord”) and [name] with its principal place of business located at [name] (the “Tenant”)(collectively as “Parties”).

WHEREAS, the landlord is the lawful owner of the property located at [address], [description of house].

 WHEREAS, the landlord had decided to rent out the said property to the tenant by [date of transferring possession]

WHEREAS, the agreement shall be effective from [date] hereinafter termed as “effective date”.

NOW, THEREFORE, the Parties hereby agree as follows:

1. The tenant has to pay the rent amount of [amount] by __th day of every month through [mode of payment] and [bank account details]

2. The tenant has to pay a refundable amount of [amount] by [last date of payment] as security.

3. The tenant has to give a notice one month prior to vacating the house.

4. The agreement shall be valid for 11 months from the date of effective date.

4. [Any other terms or conditions]

Signed for and on behalf of                                   Signed for and on behalf of

[insert name of landlord]                           [insert name of tenant]

By:                                                   By:

Name:                                            Name:

Title:                                              Title:

 

kktaxationllp

  • The tenant and the owner enter into an agreement prescribing the terms and conditions both parties ought to follow in the process of lending out the house for rent. The term of a Rent Agreement in India is up to 11 months, and this term is created as a guard against the rent laws in India.

    eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services.

    eStartIndia will help you to draft a Rent Agreement from the comfort of your home, offering you services that are very specialized and tailored as per the requirements.

    Get a Free Consultation for the agreement of rent with Our Top Rated Experts with a simple registration.

     

    Why Choose eStartIndia For Rent Agreement?

    This organization comprises expert legal professionals, who use their expertise will draft an agreement of rent that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your agreement that shall effectively describe the relationship between the parties as well as avoid confusion or difficulties in the future.

     

     

    ADVANTAGES OF RENT AGREEMENT

    • LEGAL BINDING: The parties will be legally bound to follow the condition agreed by them to the user as prescribed in the agreement and therefore can sue each other for non-compliance.

    • IMPROVES RELIABILITY AND RESPONSIVENESS: The parties build more trust in each other which improves reliability and more clarity will be created on who, what, when the actions have to take place.

    • EVIDENCE: The agreement made is evidence to prove the terms and conditions agreed by the parties.

     

     

     

    CONTENTS

    • Name and details of parties.

    • A description of the property.

    • Term of agreement.

    • Procedures for reporting grievances.

    • Redressal mechanisms and remedy available.

    • Circumstances where immediate vacating can be notified by the owner.

    • Rent amount and advance amount.

    • Signature of both parties.

    Click here to read more about “Lease Deed”

Registration Process

Process of Rent Agreement

The Rent Agreement is created by the tenant and landlord in a Non-Judicial Stamp paper worth Rs.100 or more. The terms and conditions will be set down regarding property and this shall be signed by both parties and a copy of the agreement will be possessed by each of them.

Step 1

You sign up for our Employee stock option plan Services, and we put you in touch with our business, financial and legal experts, who engage you in consultations in order to understand your needs

Step 2

Post consultations, our team prepares an advisory recommending the documentation and steps required for implementing a plan that you find attractive

Step 3

Once a plan is mapped out, our team of experts are left with the worries of managing the implementation of the ESOP, while you are left free to manage your team. Sign up now!

 

FAQs

Collect a Non-judicial Stamp paper for a value of Rs.100 or more and list down the party’s details, property, details and other terms, and conditions. Get it signed by both the parties in order to execute the agreement.

 

Any written down agreement is more authentic and legally binding than oral agreements. The parties shall be more reliable to each other when the agreement is in written format as it acts as evidence.

 

The agreement of rent in India is generally created for 11 months to comply with the legal requirements of law relating to rent in India.

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