Tenant Rent Agreement Format

Landlords have the right to collect a deposit from their tenants, but the use of that money is strictly determined by the laws of your state. When registering the lease, you must pay a stamp duty that varies depending on the city in which it is registered. This amount is paid by purchasing the stamp paper you owe to the government. In Delhi, stamp duty is equal to 2% of the average annual rent, for rental contracts with a maximum duration of five years. In Noida, you have to pay 2% of the annual rent as stamp duty, for rentals of up to 11 months. If the tenant does not comply with the conditions of this agreement or if he presents substantial facts in the tenant`s rental application, this contract can be terminated by the lessor with notification of the tenant and legal procedure.