The following are the main steps in writing a lease agreement form:
Full Answer
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...
Yes, Handwritten rental agreement on normal paper is legally valid in India. However if objection is raised for not being stamped, you might be liable to pay deficiency of stamp value with at least 10X penalty.
Is it mandatory to notarize a rental agreement? No, it is not essential to notarize a rental agreement as long as it is printed on stamp paper and is duly signed by both parties and two witnesses.Dec 14, 2019
Agreements made on white paper are valid. In India even oral agreements are valid and enforceable, so an agreement made on white paper can surely be valid if it fulfills all other conditions under the law and as per the law.Jan 26, 2018