A lease deed is a formal document between the lessor and the lessee that states terms and conditions of the agreement between the two parties. A lessee or landlord allows the lessor or tenant to use his/her residential or commercial property for a specific period of time in exchange for periodic payments. Lease agreement or lease deed is usually formed when the correspondence is for a longer duration, i.e. for more than 11 months.
The various types of lease deeds depend on the duration. Such a lease include perpetual lease, tenancy at will, tenancy at sufferance, tenancy by holding over, periodical lease and lease for fixed term.
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What is Lease Deed?
Sureshkumar B Nair
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2 Year
2022-12-26T07:32:24+00:00 2022-12-30T16:54:51+00:00Comment
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