1) Duration of leave and license agreement to be mentioned Maintenance: the agreement must clearly indicate who must pay the monthly maintenance fee. Note that notarized leases are not identical to registered documents. In the event of a dispute between the lessor and the tenant, the court will not allow a notarized agreement as evidence. It is therefore important to have the lease properly registered. In some countries where the e-stamp is available for rental contracts, you do not need to buy the stamp paper physically. You can register on the website of Stock Holding Corporation of India Ltd (SHCIL) and check that the state in which you reside offers this possibility. Currently, Assam, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, Delhi-NCR, Tamil Nadu, Uttarakhand and Uttar Pradesh allow e-stamping of rental contracts. Long-term lease agreement – Usually signed for residential purposes, long-term leases have a year term. These are large sums of money to be paid in advance and this amount is often returned to the tenant at the end of the term. They are used less than the 11-month lease.
5. The agreement should also clearly state the day before which the rent is likely to be paid. If the tenant does not pay the rent before the due date, the penalties he would have to pay should also be set out in the agreement. Mention the facilities, such as parking or use of the company`s gym, that are included in the accommodation The following details will help you establish an agreement. In the recent past, many people have emigrated to this dynamic state in search of jobs and culture, resulting in the real estate market flourishing strongly. Therefore, LegalDesk provides anyone considering participating in rental transactions with a guide on how to design a lease and make it legally valid in the state of West Bengal. You must pay, when registering the lease, a stamp duty that varies depending on the city in which it is registered.. . . .