Rental Agreement This Agreement Executed On The: Fill & Download for Free

Do you know why rental agreements in India are made for 11 months?It is a convention that is followed by property owners because if an owner makes a rental agreement of 12 months or more in tenure, it is mandatory to register it with local authorities to make it executable under the Registration Act of India. To avoid these formalities, agreements are generally made for 11 months and extended as per mutual consensus of the parties involved.A Notice period clause that can be added to the agreement so that it can be dissolved before the completion of term. Notice period is anywhere between 1-3 months for either party to vacate or be asked to vacate the premises. This clause needs to be clearly documented in the rental agreement with a common consent. Be aware that while such a clause give the tenant an option to terminate the agreement early, the landlord can also ask the tenants to vacate early by giving a notice period.Either way, make sure you are aware of the rental agreement that you are signing at the beginning of term to avoid legal inefficiencies in the case of any dispute. In fact it is advisable for all parties to have a binding rental agreement that accounts for common situations and provides remedies to ensure coverage.

Yes, On-line rental agreement executed on e-stamp paper is valid as address proof for a passport application in India.A rental agreement must be executed on e-stamp paper with valid stamp value. This agreement must be signed by both parties of tenant and landlord at the bottom of all pages. Witness had to sign on the last page of the witness section.Notarize this rental agreement from a notary public near you.The rental agreement executed on e-stamp accepted almost all the institutions in India, that includes passport application, bank account opening, gas application, FMCG purchase, vehicle purchase, job application, school admission, etc..We offer the service of rental agreement execution in Bangalore / Karnataka. Our service includes agreement execution + notary + home delivery.To opt for our service, please write to us [email protected] or Whatsapp +91–9742479020.Thank you for reading…

I’ll answer with the focus on the last part of your question which is “what is the right thing to do here?”.If we are to stick to the letter of the law, you have every right to keep the security deposit since in essence the tenant did not give proper notice. The security deposit serves to protect the landlord if the tenant breaks or violates the terms of the lease or rental agreement. It may be used to cover damage to the property, cleaning, key replacement, or back rent.But instead what I would do is look back at your history with this tenant. I would consider the following:In what condition did the tenant leave the unit?Was there a reason why they could not honor the terms of the lease and provide proper notice?Did they always pay rent on time?Were they a good tenant?As landlords, we make money off tenants. I always consider this larger picture before I execute the strong arm of the law.If the tenant was generally good, I would let him/her go and give back the security deposit.If they were less than perfect, and you truly cannot afford the loss, you could consider splitting it.