Draft agreement – Both contracting parties must decide the terms of rent, deposit and other conditions. Decide and design the lease accordingly. In order to reduce costs, tenants and landlords sometimes agree orally on the lease and avoid the execution of a tenancy agreement. At one point, they also document the agreement and set the terms of the lease, but decide not to register the document. This is due to the fact that both parties must pay a registration fee when a lease is entered into and registered. The lessor is also required to declare his rental income as soon as the lease is final. However, entering into a non-registration lease is illegal and could be a risky transaction for both parties, particularly in the event of future litigation. Click here to check the format of a rental agreement in English. The rental or rental agreement is written on a stamp paper. There are 2 types of rentals in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws enacted by the state government. The other type is a rental and licensing agreement of up to 11 months, which is not covered by rent control laws.
Another type of popular rental is to get long-term rent for a number of years. There is no monthly rent to be paid by the tenant. At the end of the rental period, the landlord must return the rent amount to the tenant. Electricity, water and maintenance costs must be paid regularly by the tenant. No interest is paid on the amount of rent. If the lease in question is more than 11 months old, the unregured lease cannot be used as evidence in court. It cannot be used as evidence or claim of the conditions provided. Therefore, it is always recommended to register the rental agreement to be on a safer site, in order to avoid any loss. In WITNESS WHEREOF, the owner/owner and the tenant have signed their hand to `place` (place) at this `on` (date of the rental agreement). Year first mentioned in the following witness gifts The bill also stipulates that tenants staying in a rented apartment, as mentioned in the agreement, will be required to pay double the rent for the first two months and four times the rent in the following months.