A Registered Lease Deed is the primary legal instrument used in India for documenting and formalizing property rental arrangements. This document becomes mandatory when the lease term exceeds one year, as per the Registration Act, 1908. It serves as conclusive proof of the lease agreement between parties and is admissible as evidence in courts. The deed must be executed on appropriate stamp paper, registered with the Sub-Registrar's office, and comply with various state-specific requirements. It typically includes detailed provisions about the property, parties involved, rental terms, maintenance obligations, and other essential conditions. The registration process provides legal security to both parties and helps prevent potential property disputes.
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1. Parties: Details of the lessor (landlord) and lessee (tenant) including names, ages, addresses, and legal capacity
2. Background: Brief context about the property ownership and intention to lease
3. Definitions: Definitions of key terms used throughout the deed
4. Demised Premises: Detailed description of the leased property including its exact location and boundaries
5. Term and Commencement: Duration of lease and start date
6. Rent and Payment Terms: Monthly rent amount, due date, payment method, and escalation clauses
7. Security Deposit: Amount, payment terms, and conditions for refund
8. Utilities and Maintenance: Responsibilities for utilities, repairs, and maintenance
9. Permitted Use: Specified purpose for which the property can be used
10. Lessee's Covenants: Obligations and responsibilities of the tenant
11. Lessor's Covenants: Obligations and responsibilities of the landlord
12. Insurance: Requirements for property insurance and responsibility for premium payment
13. Termination: Conditions and process for early termination
14. Lock-in Period: Minimum mandatory period before which the lease cannot be terminated
15. Notice: Requirements for serving notices under the lease
16. Governing Law: Applicable laws and jurisdiction
17. Dispute Resolution: Process for resolving disputes between parties
18. Registration: Provisions regarding deed registration and associated costs
1. Furniture and Fixtures: Detailed when property is let out furnished, including inventory and maintenance responsibilities
2. Structural Alterations: Include for commercial leases where tenant may need to make modifications
3. Sub-letting: Include if sub-letting is to be permitted, with conditions
4. Force Majeure: Include for long-term leases to address unforeseen circumstances
5. Green Lease Provisions: Include for properties with specific environmental commitments
6. Property Management: Include for properties in managed communities or commercial complexes
7. Signage Rights: Include for commercial properties where tenant branding is relevant
8. Common Area Usage: Include for properties in multi-tenant buildings or complexes
1. Schedule A - Property Description: Detailed description of property including measurements, boundaries, and registration details
2. Schedule B - Rent Payment Schedule: Detailed breakdown of rent payments including escalations over the lease term
3. Schedule C - Inventory List: List of furniture, fixtures, and fittings provided with the property
4. Schedule D - Property Photos: Photographic evidence of property condition at time of lease
5. Schedule E - House Rules: Specific rules and regulations applicable to the property
6. Appendix 1 - Floor Plans: Detailed floor plans of the leased premises
7. Appendix 2 - Maintenance Schedule: Schedule of regular maintenance responsibilities
8. Appendix 3 - Previous Licenses/NOCs: Copies of relevant permits and no-objection certificates
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Relevant Teams
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Facilities Management
Operations
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