A lease is basically a contract which outlines the terms and conditions in which two parties agree with each other where one has to rent any property which is owned by the second party. It is a type of guarantee by lesse which is also referred as tenant or tenant lease agreement, some of the terms and conditions signed by both parties like as for the use of assets regular payments for the lease on specific time that can be on the basis of month or year and if any party fails in following the conditions then they can face consequences let us talk more about the lease.
Leases are basically legal and bound documents with some terms for rental agreements especially in the field of real estate. Let us have an example of it, when the landlord is going to rent his room, flat or apartment then in the agreement he will mention rent amount on monthly basis, due date for each month, if the lessee will not pay rent on time then what will happen, the security deposit set by the landlord, duration of lease, number or people allowed to live at that place or any other further important information. So it is clear that lease agreement is a contract which is done between a lessor and lessee who is allowed to use the property which is owned by a particular person for a mentioned duration of time.
This lease agreement won’t mean that the lesse has an ownership right over the property and during this period if less is does anything wrong with the property then he will be responsible for the condition of it. Apart from the residential lease agreement there are also lease agreement for different types of properties like car lease agreement, truck lease agreement, room lease agreement, owner-operator lease agreement, master lease agreement, roommates lease agreement.
This type of tenancy is fixed for a particular time or year, this will have a particular date from beginning to the end date of agreement. As this tenancy is sometimes also known as the tenancy of year but this won’t mean that it will remain for one year this type of tenancy can last for any duration of time even for a week or for months. When the end time comes, the fixed term tenancy gets completed on its own and will not be valid any more.
This is another type of tenancy which is used for a particular duration but it is a little different from the fixed tenancy as it is valid from month to month , week to week or year to year not for any middle duration. If the person wanted to break the tenancy in the middle or before the duration gets end then he has to pay the remaining amount or rent till the end date or should give a notice before one month of leaving.
This is the third type of tenancy or lease agreement which is known as the tenancy at will in this type of agreement there is no time limit for which the lease agreement gets over either the lesse or lessor any of them can terminate the duration of agreement according to their will or choice. Before leaving a proper notice is needed to be given by both either lesse or lessor and for this lesse will not be accounted for any further rent if all past dues are clear.
This is the third type of tenancy and it is also known as the holdover tenancy which is liable when the tenant is still holding property even after the expiration of agreement and till the landlord take action toward it.
So, this was all about different types of tenancy based on the duration of time now we are going to get some templates of the lease agreement and will also be going to learn about different types of agreement on basis of property. Here today we will provide you lease agreement in three different forms which are PDF, word, and Excel we will discuss them later in detail let us come to know about different types of lease agreement templates.
This is one of the most common types of lease agreement which is used most widely and in general it is also known as the rent agreement. When any person come to live on rent in any house, apartment or flat then at that situation the residential lease agreement is signed up by both landlord and the lessor in which they mutually agree over some terms and conditions.
It is also one of the very important agreements when any landlord is wishing to rent their property it won’t mean that you are renting your property either to a friend, family or unknown person. You should have a rental agreement. In which the date of renting property, fixed rent amount of per month and the security deposit is needed to be mentioned.
Commercial lease agreement is also a type of agreement which is mostly conducted when you are wishing to rent any property for the business or commercial purpose in such condition it becomes mandatory to sign commercial lease agreement as this agreement give right to the person who is going to take that property on rent for using it as the business property or for the commercial use. Commercial lease agreements are also of two different types let us have a look at them:
* Gross Lease: In this type of commercial lease agreement the tenant will only be responsible for paying rent not for any kind of damage to the property and all of the payments which are related to the property will be completed by the landlord itself.
* Net Lease: This is another type of commercial lease agreement in which the tenant is not only responsible for the payment of rent either he is also liable to pay property tax, property maintenance charge, property insurance etc.
Documents required for all parties (Landlord, Tenant & Two witnesses) are
1) Aadhaar Card
2) PAN Card
No. Only With us, you get doorstep service for Rent Agreement Registration. Your Agreement is registered in front of you within 15-20 minutes, at a time & place of your choice.
Don’t worry, we can visit them separately if they are in different cities or places.
Stamp duty for Rent Agreement Registration and registration will be paid online by Us. Customers will receive e-challan at the end of the registration.
Two witnesses are needed for Rent Agreement Registration. Only condition is they should have Aadhaar and PAN at the time of registration.
After successful submission of documents it will take 2 to 3 working days to get it registered. In case of a delay on the Govt side (very rarely), we will keep you informed and updated over the call. Or, you can call us during our working hours on the contact number in the contact us section.
We are providing Govt based services to your Doorstep, while saving time, lowering cost to users, reducing hassle and overall a pleasant experience rather than it being a burden. When you register via ONLINE RENT AGREEMENT, you are a part of a movement to bring more such services to your doorstep!
For renewal you have to give us a miss call on +91-911-911-2929 and will get back to you shortly. OR You can drop a message on same number for renewal.