Rent / Lease Agreement
Rent / Lease Agreement
A rent agreement is a written legal document signed between a landlord i.e. owner and a tenant to initiate a tenancy. It mentions all the personal details of both the parties and the terms and conditions of the tenancy. The rental agreement serves a guidebook which safeguards the interests of both the parties to avoid future legal disputes.
A rent agreement must include:
FAQ
A rent agreement is drafted for 11 months
Yes, an online rent agreement can be registered. The rent agreement should either be printed on stamp paper or it must have an e-stamp affixed at the front page
Two types of rental agreement are –
- Long term agreement
- Short term agreement
Usually, the registration process takes 2-4 working days, but it also depends on the appointment as well as status of application.
The difference lies in the time frame. A rent agreement is drafted for shorter period of time while lease agreement is drafted for longer period of time.
