Loading your workspace. Please wait...
Loading your workspace. Please wait...
Loading your workspace. Please wait...
Essential clauses, rent escalation, security deposits, and maintenance responsibilities.
A Rental Agreement (also known as Lease Deed or Tenancy Agreement) is a legally binding contract between a landlord and tenant that specifies the terms and conditions of property rental. A robust agreement protects property rights under varying state tenancy laws and prevents disputes.
Full names, addresses, and complete property details including address, area, and amenities.
Monthly rent amount, due date, late payment penalties, rent escalation percentage (typically 5-10% annually), and maintenance charges.
Amount (typically 2-3 months rent), refund timeline (within 15-30 days of vacating), and conditions for deductions.
Tenants manage minor upkeep; landlords liable for structural integrity, plumbing, electrical, and major repairs.
Lease period, renewal terms, lock-in period, notice period for termination (typically 1-3 months), and exit conditions.
Whether subletting is permitted, permitted use (residential/commercial), and restrictions.
India has varying tenancy laws by state (e.g., Delhi Rent Control Act, Maharashtra Rent Control Act, Tamil Nadu Buildings Act). Recent proposals for Model Tenancy Act aim to standardize across states. Always ensure your agreement complies with local laws.
| State | Stamp Duty | Registration |
|---|---|---|
| Delhi | 2% of average annual rent | Mandatory for >11 months |
| Maharashtra | 0.25% of total rent | Mandatory for >11 months |
| Karnataka | 1% of total rent | Mandatory for >11 months |