Lease Deed/Rent Agreement

A lease deed of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms. The person who is transferring such right of property is known as Lessor. The person to whom such right of party is transferred is known as Lessee.

Rent agreement is a legal document which is prepared by the landlord in the name of the tenant. All the terms and conditions are mentioned in the agreement according to both the parties. Before shifting to any new place, the tenant should always ask for an agreement with the landlord so that there is no problem in the future.

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