Tenant Agreement Registration

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. Visitor: the agreement must contain a clause on who can visit you and when. In India, the tenant also pays a deposit or advance to the lessor, which must be reimbursed at the time of the expiry of the contract. Normally, it is estimated somewhere between 2 or 3 months and up to 10 months of rent. The deposit is paid at the time of signing the contract. A rental agreement form contains information about the owners, tenants, the duration of the lease and the terms of the rental agreement. To reduce costs, tenants and lessors sometimes conclude an oral agreement on the lease and avoid the realization of a lease. Sometimes they also document the agreement and set terms for the rental, but choose not to save the document.

This is due to the fact that both parties are responsible for paying a registration fee when a rental agreement is drawn up and registered. The lessor is also required to declare his rental income as soon as the lease is valid. However, entering into a lease without registration is illegal and could prove risky for both parties, especially in the event of future litigation. 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.