Lease Agreement: Demystifying Lease Agreements in India

Ans: While verbal agreements hold some legal validity, it is highly recommended to have a written lease agreement to avoid any disputes or misunderstandings.

Ans: In India, a lease agreement commonly ranges from 11 months to 5 years.

Ans: A lease agreement is typically longer-term and more detailed, while a rental agreement is often short-term and more flexible.

Ans: Key components include names, property details, lease term, rent amount, security deposit, and rules for property use.

Ans: In India, lease agreements for 12 months or longer must be registered. Shorter leases don't require registration.

Ans: Both landlord and tenant are responsible, but typically the landlord initiates the registration process.