Lease Deed
As per the regulations of the Transfer of Property Act, Section 105, a lease is categorised as the handover of any rights to claim property, estate or land for a signified time frame. A lease comes with a suitable amount of expenses that must be agreed upon and paid on time.
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Definition of lease agreement:
When it comes to the lease agreement, it is generally a contract between the landlord and the tenant. The contract will be drafted in a written format which implies that the landlord will get periodic payment from the lessee in exchange for occupying their property.
With all the terms of privacy, Consumer Mitra will make you gain all the insightful knowledge about this agreement, and the registration will be done professionally through our ingenious service.
When do you need a lease agreement?
A lease agreement is needed when the following property is leased for a long period, generally ranging from 1 to 5 years. In this type of issue, a lease agreement is vital in satiating the equation between the tenant and the landlord. It also restricts the users to act as per the legal norms.
A lease deed has to be drafted by an exceptional and professional legal platform. At Consumer Mitra, we can carry out this advanced documentation process by understanding your requirements. We incorporate unbiased agreement as we listen to the concerns of both parties and curate our proceedings.
Crucial provisions that need to be added in every lease deed:
- The following lease should have a proper description of the property.
- The agreement should precisely state the duration.
- Proper infusion of rent, security and maintenance has to be done in the agreement.
- Reasons for the termination of the agreement should be there.
- All the applicable laws have to be infused into the documents properly.
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