Another popular type of rental is a long-term lease 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 rental amount to the tenant. Electricity, water and maintenance costs are regularly paid by the tenant. No interest is paid on the amount of the lease. Simple three-step process to make notarized leases. If the lease in question lasts more than 11 months, the unreg registered lease cannot be used as evidence in court. It cannot be used as evidence or right to the terms and conditions provided. Therefore, it is always recommended to register the lease to be safe to avoid any type of loss. Draft Agreement – Both parties must jointly set the terms of rent, deposit and other conditions included. Decide and organize the rental agreement accordingly. In order to avoid litigation arising from disputes between landlords and tenants, the Supreme Court issued an injunction in Anthony vs. KC Ittoop and Sons that a lessor cannot eject a tenant for at least five years if the tenant has properly paid the rent in accordance with the agreement between the two parties.
However, if the landlord wants to use the premises for his personal use, he is free to fire the tenant. Registration of the contract becomes mandatory if the rental period is greater than or equal to 12 months. Unlike an 11-month agreement that remains valid despite the lack of registration, a lease for a period of 12 months or more would be null and void if it is not registered. Housing.com has implemented a fully digital and contactless service to create rental contracts. If you want to complete the formalities quickly and without problems, you just need to fill in the details, create the rental agreement online, sign the contract digitally and mark it in seconds by e-stamp. Why create a lease if your landlord is willing to enter into an oral contract? Well, oral treaties have no legal validity and both parties can violate pre-established conditions without the need to take steps to that effect. The notary can be done on Rs 100 stamp paper and on 500 rupees of stamp paper, but the stamp paper can vary depending on the rent, which means that if the rent is less than Rs 15000, then we can use 100 rupees of stamp paper and if the rent is more than Rs 15000, we have to use 500 rupees of stamp paper. Our computer allows you to calculate fees on a case-by-case basis. The rental agreement should contain the name and address of the lessor and the tenant, the rental conditions, the duration of the tenancy, 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 other costs, such as maintenance costs, repairs, etc. . .