Rental Agreement

A rental agreement is a legal document which lays out the terms and conditions under which the rented property is rented by the property owner to the tenant. The rent agreement lays down the manner in which the relationship between the landlord (owner) and the tenant would be regulated.

The agreement is a crucial piece of document as it enumerates the period for which the property is given on rent, the rent amount to be paid, security amount to be submitted, the conditions in which the agreement can be terminated and tenant can be evicted, dispute resolution and the law applicable.

Draft Your Rent Agreement Online
At INR 6999

What You'll Get In The Package

Inclusion

  • Telephonic conversation with the lawyer for 20 minutes.
  • Drafting of rent agreement.

Exclusion

  • Additional legal drafting apart from rent agreement.

Documents required to draft a Rent Agreement

  • ID proof of landlord and tenant like Voter ID card, Aadhar Card, driving license, passport, etc.
  • Residential proof such as electricity bill, telephone bill or mobile phone bill registered to the address.
  • Details pertaining to the clauses of rental agreement.

Procedure to draft a Rent Agreement

After the relevant documents are submitted, the lawyer prepares a draft rental agreement and sends it for approval. The agreement is finalised after any changes, if required and notarised by the lawyer. The document is ready to be signed by the landlord and tenant after notarisation.

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FAQs

What documents must be checked before renting a property?
a. Title documents b. Share certificates c. Electricity bills d. Verification of built-up area of the dwelling place e. No-objection certificate
What are the rent laws in India?
Different states in India have different rent laws laid down under the State Rent Control Acts. Along with the rent laws and rules, the Registration Act, 1908 and the Transfer of Property Act, 1881 are also applicable over rental relationships in India.
What is the difference between rent and lease?
A lease deed is a long-term agreement to use a property for commercial or residential purposes. A lease deed is laid out for a specific period of time after which, the agreement can be easily renewed or extended. On the other hand, a rent agreement is a short-term agreement and the relationship between the landlord and tenant continues on a month-to-month basis upon payment of the rent amount.
Why are rental agreements made for 11 months?
A Rental Agreement is usually made for 11 months to avoid coming under the ambit of Rental laws in India which are applicable over agreements for 12 months or more.
What are the consequences of not registering the agreement?
An unregistered rental agreement cannot be used as an evidence in court in case there is a dispute between the landlord and tenant. A registered rent agreement serves as a proof in court that the terms and conditions pre-decided by the parties were violated that led to the legal dispute.
What is the procedure to register a rental agreement?
A rent agreement can be registered by paying stamp duty and registration fees for its registration. The registration process is complete when the agreement is attested by 2 witnesses.
When is notarisation mandatory?
Notarisation of a rent agreement is mandatory when it is made for a period of 1 year or more.
Can I use a rent agreement template?
A rental agreement template includes only the basic details relating to the tenancy. It is highly recommended to consult an experienced lawyer to draft a rent agreement who can understand the tenancy relationship and draft a customised agreement according to the needs of landlord and tenant.