A rent and lease agreement is a legal document signed between the tenant and the
landlord to avoid unnecessary disputes.
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The lawyers will draft your document and revert back to you in 4 days.
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A lease is where the owner of a property (lessor) agrees to rent their owned property to another person or tenant (lessee) for a particular duration of time. The lessee has to make a one-time payment or a series of periodic payments for the use of the property. The agreement that makes such an arrangement possible is known as a lease agreement. This agreement covers the terms of using the property and the time period for which such property is rented out.
A rental agreement is also similar where an owner of a property (landlord) gives temporary possession to another person (tenant). Unlike the lease agreement, a rental agreement is for shorter durations and the payment for possession is done on a monthly basis. The terms of the agreement, usage and payment details are decided by the landlord and the tenant.
It is very important to note that in either agreement the rights of the lessor-lessee and the landlord-tenant are not affected. The agreement should be such that both parties are satisfied with the terms and conditions. Thus it is advised to take help from professionals who will handle that for you.
Other than that, lease and rental agreements also act as proof of address and identity.
There are certain terms and clauses that an ideal rental or lease agreement must include. Rent and lease agreements vary according to the parties requirements. It is thus necessary to elaborate on those requirements in a specific manner so that nothing is left out. If such agreements are made without the help of a professional, the parties can be duped or cheated. It is thus suggested that experienced professionals handle these things for you so you don’t have to worry about such aspects. Vakilsearch is one such organisation that will look out for your requirements and draft a rent/lease agreement keeping your interests and needs in consideration. With service standards that are client-centred, reliable, and ethical, we will always be here to support you.
Note: For every issue or concern you may have, our experts will assess your situation and advise you on the best course of action.