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Q.

What is lease agreement?

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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 agreement

Now 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.

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