The Rental and Lease Agreement is a fundamental legal document used in India for establishing a formal relationship between property owners and tenants. It becomes necessary whenever a property owner intends to rent out their property, whether for residential or commercial purposes. The agreement must comply with the Transfer of Property Act, 1882, state-specific Rent Control Acts, and local municipal laws. It typically includes detailed provisions about the property, rental terms, duration, security deposit, maintenance responsibilities, and termination conditions. The document requires proper stamping and registration if the lease period exceeds 11 months, as per Indian registration laws. Given India's diverse legal framework across states, the agreement needs to be customized according to local regulations while maintaining essential legal requirements.
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1. Parties: Identifies and provides full details of the landlord/lessor and tenant/lessee including names, addresses, and contact information
2. Background: Establishes the context of the agreement and confirms the landlord's ownership and right to lease the property
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Property Description: Detailed description of the leased premises including address, boundaries, and area
5. Term and Renewal: Specifies the duration of the lease, commencement date, and any renewal options
6. Rent and Payment Terms: Details the rent amount, payment schedule, security deposit, and payment methods
7. Security Deposit: Specifies the security deposit amount, terms of holding, and conditions for refund
8. Utilities and Maintenance: Outlines responsibilities for utility payments and maintenance obligations of both parties
9. Use of Property: Specifies permitted uses of the property and any restrictions
10. Rights and Obligations: Lists the specific rights and obligations of both landlord and tenant
11. Termination: Details the conditions and process for early termination by either party
12. Governing Law: Specifies that the agreement is governed by Indian law and relevant state legislation
13. Dispute Resolution: Outlines the process for resolving disputes between parties
14. Notices: Specifies how and where official notices should be delivered to each party
15. Entire Agreement: Confirms that this document represents the complete agreement between parties
1. Subletting: Include when subletting is permitted, specifying conditions and approval process
2. Furniture and Fixtures: Include when the property is being rented furnished, listing all items provided
3. Pet Policy: Include when pets are allowed or specifically prohibited, detailing any conditions
4. Property Modifications: Include when tenant is allowed to make modifications, specifying conditions and approval process
5. Insurance Requirements: Include when specific insurance coverage is required from either party
6. Property Manager: Include when a property manager is appointed to act on landlord's behalf
7. Commercial Use: Include for mixed-use properties or when limited commercial activity is permitted
8. Force Majeure: Include when parties want specific provisions for unforeseen circumstances
9. Green Lease Provisions: Include when parties agree to specific environmental or energy efficiency standards
1. Schedule A - Property Details: Detailed description of property including floor plan, boundaries, and parking spaces
2. Schedule B - Inventory List: Detailed list of furniture, fixtures, and appliances provided with the property
3. Schedule C - Property Condition Report: Detailed assessment of property condition at the start of tenancy
4. Schedule D - House Rules: Specific rules and regulations for property use and common areas
5. Schedule E - Maintenance Schedule: Regular maintenance tasks and their frequency
6. Appendix 1 - Payment Schedule: Detailed breakdown of rent, deposits, and other charges
7. Appendix 2 - Utility Details: List of utilities, connection details, and payment responsibilities
8. Appendix 3 - Photographs: Documentary evidence of property condition at start of lease
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Commercial Property
Retail
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Education
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Information Technology
Manufacturing
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Warehousing and Storage
Co-working Spaces
Relevant Teams
Legal
Operations
Facilities Management
Administration
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Finance
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Corporate Services
Risk Management
Relevant Roles
Property Manager
Real Estate Manager
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Administrative Officer
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Real Estate Agent
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Office Manager
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Leasing Manager
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