Residential Rent Agreement
11-month residential rent agreement for houses, flats, and apartments with rent escalation clause as per Indian rental laws.
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Instructions
1. Enter the complete legal names of both the landlord and tenant as they appear on official documents.
2. Provide valid Aadhaar numbers for identity verification.
3. Enter complete addresses including pin codes.
4. Specify the property type (Flat, House, Apartment, etc.) and carpet area.
5. Enter the monthly rent amount in Indian Rupees.
6. Set the annual rent increase percentage (typically 5-10%).
7. Enter the security deposit amount (typically 2-3 months' rent).
8. Select the lease start date.
9. Ensure both parties sign in the presence of two witnesses.
10. Get the agreement notarized for added legal validity.
Frequently Asked Questions
Is this rent agreement legally valid?
Yes, this rent agreement follows the standard format accepted across India. For complete legal validity, it's recommended to get it registered at the local Sub-Registrar office for agreements exceeding 11 months.
What is the stamp duty for rent agreements in India?
Stamp duty varies by state. For 11-month agreements, it typically ranges from Rs. 100 to Rs. 500. For longer durations, higher stamp duty applies.
Why is the agreement for 11 months?
11-month agreements don't require mandatory registration under the Registration Act, making them simpler and less expensive. They can be renewed with a rent escalation clause.
What is a typical rent increase percentage?
The standard rent increase is between 5-10% annually. This is agreed upon at the start and included in the rent escalation clause.