If a lease is not signed by both parties, there is legal inefficiency in the event of a dispute. You can change the terms and conditions according to your agreement with the tenant/owner. This lease is not legally binding unless it is registered. The notarized agreement does not mean that it is registered. Tenants must pay stamp duty and registration fees on the agreement. This lease or lease format can be used by the owner or tenant of a residential property. It is signed by the lessor and the lessor to indicate consent to the conditions set by the lessor. It is a legal document with the force of law, to which the courts can refer in case of disagreement. The lease agreement must be printed on a non-judicial stamp document worth Rs.100/- or more. The tenancy agreement is usually signed with the payment of the deposit for the rental property between the landlord and the tenant.
Two copies of the document are usually executed, with each part retaining one of the original copies. This lease agreement will be made at this `date of the lease agreement` (name of the landlord) S/o __________s name of the landlord), add: Here, by the name of owner/ owner, party of the first part Once everything is ready and you are all set to get an expression of the lease agreement, see the checklist below. The instructions below ensure that your lease is error-free. Take a look — Visitors: The agreement must contain a clause on who can visit you and when. In WITNESS WHEREOF, the owner/owner and the tenant have their hand at `place` on that `date of the rental agreement` mentioned in the first place in the gifts of the following witnesses, If you are a landlord or tenant who wishes to rent a property, it is important that you use a valid lease format containing all the important clauses that can serve as the subject of a reference document for all parties involved.