In India, the tenant also pays a deposit or advance to the lessor, which must be reimbursed at the time of termination of the contract. Normally, it is calculated somewhere between 2 or 3 months and up to 10 months of rent. The deposit is paid at the time of signing the contract. The rental agreement or lease is processed on a stamp document. There are 2 types of rental in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws adopted by the Land Government. The other type is a rental and license agreement with a maximum duration of 11 months, which is not covered by rent control laws. One of the most common features when entering into a real estate rental transaction in India is the prevalence of the 11-month lease or licensing agreements. An 11-month period is preferred by most landlords when entering into real estate rentals, as there are two types of agreements dealing with the rental of real estate in India, lease and leave & license agreement.
GENERAL CONDITIONS 1. This rental contract is valid with effect from 2 ——————–. The tenant paid an amount of Rs. ——————-payment to the lessor. The deposit is remunerated and is reimbursed to the tenant at the time of evacuation of the planned premises, after deduction of any arrears, electricity bills, fractions, cleaning costs. 3. The tenant also agrees to pay a monthly rent of Rs.——— The rent for each month must be paid on or before the 5th of each month (after the end of the month) 4. .