A Lease Deed is a legal document used for renting or leasing residential property. It outlines the specific terms and conditions agreed upon by the landlord and tenant, including rent, duration, responsibilities, and other key obligations. This agreement ensures clarity and protection for both parties throughout the rental period.
A Lease Agreement serves as a crucial reference in case of any disputes between the lessor and lessee. It must be printed on Non-Judicial Stamp Paper valued at Rs. 100 or more. Typically, the agreement is signed after the lessee pays a security deposit for the rental property. Two original copies are executed—one for each party to retain.
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