When a landlord and a tenant enter into an arrangement, wherein, the tenant is allowed to use property owned by the landlord, they have to make a lease agreement. The agreement is made legally. If you are wondering what is lease agreement, then this answer is for you.
What is house lease agreement?A lease agreement for a house is the contract that defines the terms and conditions of the tenancy relationship between the landlord and the tenant. A lease agreement is made for the period of more than 6 months.
Details included in lease agreementNow that you know what is lease agreement, let us talk about the information enclosed in the legal document.
Duration of the lease agreement
The amount of rent payable
Rules, conditions and terms of usage of the property
Interests of landlord and tenants
Termination conditions
Rights and obligations on both, landlords and tenants
A lease is a long and structured contract. It is signed by both landlord and tenant and is registered in the office of a local sub-registrar in the presence of witnesses.
You can check out NoBroker Online Rental Agreement Services for Doorstep Delivery of legally valid rent agreements.Your Feedback Matters! How was this Answer?
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What is lease agreement?
Priyam
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2021-07-12T14:30:32+00:00 2024-11-25T11:53:41+00:00Comment
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