Rental Agreement

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  • Step 1
    Fill details online
    Fill in your details in a fully customized legal template
  • Step 2
    Get FREE Rent Agreement
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  • Step 3
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All you need to know about Rent Agreement

What is a Rent Agreement?

A house rent agreement can simply be defined as a legal contract between the landlord and tenant for a fixed period. It is a set of terms and conditions, which have to be adhered to by both parties. The rent agreement is renewable every 11 months or more, or as per the timeframe mentioned in the contract.

Frequently Asked Questions

In order to make a rent agreement and get it registered, you need to have a copy of the address proof of both tenant and owner along with the witnesses. You may show any of these proofs listed here: Bank Passbook, Aadhar Card, Passport, Ration Card and Driving License as address proof.

There are mainly two types of rent agreements available in India: Lease Agreement: A lease agreement is an agreement that gives the tenant an exclusive possession of the property for a pre-defined time period. This type of agreement also gives the power to the tenant to make changes to the property unless specified. Leave and License Agreement: Under this type of agreement, the possession of the property and the legal ownership remains with the licensor. In other words, with this type of agreement, a tenant doesn’t have much control over the property.

The stamp duty payable on rent agreement is calculated on the basis of various factors, such as monthly rent, advance deposit paid, no. of years of the agreement, etc.

As stated in the Registration Act, 1908 it is mandatory to register a rental or lease agreement which is made for the period of 12 months or more.

Ideally, for a registered agreement, the cost of registration for rent agreement is borne by both the parties in equal halves.

In order to save on the stamp duty and registration charges, some owners make the agreement for the tenure of 11 months. However, it remains valid in the eye of law and can be presented in the court as an evidence.
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