Difference Between Lease And Rent Agreement In India

A lease must be signed if the landlord intends to rent his premises for a long time – this can range from 3 years to eternity. In addition, a rental deed must be stamped and registered. Due to registration, rental agreements are usually not easy to terminate. Other duties include the lessor`s responsibility to ensure that the premises are emptied by its former occupants on the date indicated in the rental agreement and to provide the tenant with a copy of the contract within 21 days of entering the rented premises. Leases of 12 months or more must be declared compulsorily. With TransUnion SmartMove, you increase your chances of identifying financially and personally responsible tenants. Landlords will receive rent information, penalty report, eviction report, Insights report and ResidentScore to make an informed, long-term or short-term leasing decision…

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