Diff. in Lease/Rent Agreement

The fact is most states only allow a oral contract between the tenant and landlord to be legal for a short period of time, because oral contracts often go to court it is necessary to have a written lease or rental agreement. The rental or lease agreement is used to specify the length of tenancy, the amount to pay, the number of people living on the property, pets, who pays utilities, whether your allowed to sub lease the property, when the landlord can access the property, and who is responsible for paying attorney fees if there is a lawsuit.

The difference between a rental agreement and a lease agreement is a rental agreement is automatically renewed (usually on a month to month basis) and the landlord can change the terms with "proper written notice."

A lease agreement is only for a set term, usually 6 months or more. The lease agreement allows the tenant stay on the property as long as he/she pays the rent and complies with the terms. A lease agreement does not automatically renew itself.

Dear Anoop,

There is no differance between rent and lease as both are meaning the same.

Sec.17(d) of the registration act stipulated that the lease deed should be registered if it exceeds one year.Hence to avoid registration we are normally confine the term into 11 months.

Regards,

JAGADEESH

HI ANOOP,  THE MEANING LEASE AND RENT IS THE SAME MEANING.  AS PER THE REGISTRATION ACT IF THE LEASE AGREEMENT IS BEYOND 11 MONTHS. IT IS MUST TO REGISTER. BELOW 11 MONTHS NO REGISTRATION IS REQUIRED.    REGARDS K.S. LOGHANATHAN

Thanks all,

Could anyone confirm what impact would be if a agreement registere or not? Pls. also reply about the value of stamp papers to be used for it? Is it staraight way or depends on value of agreement.?

Thanks

Hi Anoop

If Lease Deed Registered there will be Protection to the Tenant, to prove the Transaction between Owner & Tenant as per Law

Rs.100/- Non-Judicial Stamp Paper is enough