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What are lease, tenancy and house rent agreements and how to negotiate them. Transfer of the right to use the property. For a specified period/for perpetuity Can’t evict the leaseholder while the lease is in existence unless termination provision. Find out who is the actual owner It is crucial that a leave or license or lease agreement is signed only with the real owner of the house. - PowerPoint PPT Presentation
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Pranav Pandya, Franchise Development Manager, RE/MAX Gujarat
WHAT ARE LEASE, TENANCY AND HOUSE RENT
AGREEMENTS AND HOW TO NEGOTIATE THEM
RE/MAX Gujarat
Lease
Transfer of the right to use the property. For a specified period/for perpetuity Can’t evict the leaseholder while the
lease is in existence unless termination provision.
RE/MAX Gujarat
What if a lease leads to a tenancy?
RE/MAX Gujarat
Leave and License
RE/MAX Gujarat
Advantage of leave and licence
RE/MAX Gujarat
How to ensure an effective lease deed or leave and license agreement?
Find out who is the actual owner It is crucial that a leave or license or lease agreement is
signed only with the real owner of the house. It is more difficult to trace ownership of agricultural land If the person leasing the property is not the owner of the
land, find out if he has the authority to lease it.
RE/MAX Gujarat
Renting out mortgaged property Term of the agreement
RE/MAX Gujarat
Termination clause and notice period
Most property related disputes between landlord and occupant usually take place over termination and eviction.
long notice periods and lock in periods One month and three month notice period are
most common in India
RE/MAX Gujarat
Important Clauses Lock in clause Sub-letting clause Payment clause Increase in rent clause Guarantor Clause Maintenance/association charges
clause
RE/MAX Gujarat
Important Clauses Wear and tear clause Clause for furniture and fixtures Clause on associated facilities and
amenities Security deposit clause Repair works during occupancy
RE/MAX Gujarat
Important Clauses Wear and tear clause Clause for furniture and fixtures Clause on associated facilities and
amenities Security deposit clause Repair works during occupancy
RE/MAX Gujarat
Important Clauses Clause for tax liability Dispute resolution clause General nuisance clause General points of concern regarding
leasing or renting of any nature
Thank You