All You Need To Know About A Lease Agreement-Lawdocs

 

A lease deed is a contract between the owner and the tenant. A lease/Rent agreement is signed for the long term, ranging between 1 - 5 years even more than that. Once you signed the contract, there is no choice to change.

 LawDocs services for the home delivery of your rent agreement. Drafts for rent agreement, receipt of payment, notice for repair, etc.

 

All You Need To Know About A Lease Agreement-Lawdocs

There are various elements of a valid Rental Agreement:

 

1.    The lease should be immovable property.

2.    Consideration must be involved in the contract.

3.    A lease deed for an immovable property shall be made for 11 months.

4.    Without any undue influence, the lessor must deliver the contract and the lessee must accept the contract.

 

Service provide by LawDocs

Search, find, download and edit the draft, free. Or call us for expert service. Choose to get it delivered at your location with or without stamp papers. Need To Know About A Lease Agreement-Lawdocs

 

The term “lease” is defined under Section 105 of The Transfer of Property Act, 1882 and it states that-

“A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specific occasions to the transferor by the transferee, who accepts the transfer on such terms”.

Before Lease agreement

Before signing your lease agreement, talk to your landlord about everything that you expect. It will make sure your landlord knows what you want to be reflected in the agreement before they draft it.

Once you have ready to sign, then re-check all the important terms and conditions which are mentioned in the documents, like policies, utilities, check the date, rent-storage, and parking, etc.

Ask questions:

You should feel free to ask questions to your landlord about the property, especially, when terms and conditions are not cleared to you.

Here are some questions that you will ask your owner:

1.    Who should I contact for maintenance problems?

2.    How should I go outside in case of emergencies?

3.    Is a renewal an option towards the end of the rental term?

4.    Can the locks be changed?



Written by:

Chetna Bansal (Manager IT Services LawDocs)

Suyash Raizada (Chief Manager - IT Services LawDocs)  

 

 

Comments

Post a Comment

Popular posts from this blog

Hire Purchase Agreement - Legal Service Provider In India

Image
    What is Hire Purchase Agreement? A  hire purchase agreement  is an agreement of hire with an option to purchase available at the disposal. The user makes a downpayment during the purchase, and the outstanding balance will be paid in instalments with an interest charge. Mostly, Indian people used concept mortgage, which is similar to the hire purchase agreement. In both cases, the ownership of the purchased goods will be transferred to the lender until the borrower pays off the whole debt. A hire purchase agreement is usually executed between one company and another party usually knows as a “hirer”. Various clauses of a hire purchase agreements include confirmation to hire from both parties, price of the equipment in question, payment to execute the agreement, monthly instalments payable by the hirer, remedies upon default of instalment by the hirer, dispute resolution clause etc. among other clauses governing the transaction.   The hire purchase agreement to...
Read more

Importance of ISI Mark Certification for Consumer and Manufacturers- Lawdocs

Image
Get the standards of India.   Basically, the Indian Standards Institute is the mark of product testing. Bureau of Indian Standards ( BIS) plays a very important role to maintain the quality and genuineness of products. It is mandatory for some products such as many electrical appliances, LPG cylinders, etc, and optional for many other categories of products.   How a user can register for ISI mark certification? apply online for a grant of Registration. All tested report files attached with the application form which are recognized by the BIS lab. Fees deposit according to the application form. Fill form VI online. If the user faces any problem while filling the form or for other information then the user can contact the BIS office in online mode. Once the query is satisfactorily resolved and affidavit cum undertaking has been submitted, Registration is granted by BIS. Registration letter uploaded on the applicant’s portal. Users need to renew the registration form afte...
Read more