In the event of a dispute between the lessor and the tenant, the court will not allow a notarized agreement as evidence. It is therefore important to have the lease properly registered. Use a land lease to rent land on which there is no ownership. A land or inheritance law can have several purposes, including agriculture, housing and industry. As soon as you agree on the rental price, the tenant must fill out a rental application. This form helps the tenant to show that he is trustworthy and contains information such as: Once the lease is concluded and signed, give the tenant the keys so that he can move into the property. Housing.com has implemented a fully digital and contactless service to create rental contracts. If you want to complete the formalities quickly and without problems, you just need to fill in the details, create the rental agreement online, sign the contract digitally and mark it in seconds by e-stamp. To promote rental housing in India, the government has formulated a draft directive, the Model Tenancy Act, 2020, to make the transaction beneficial for both landlords and tenants. The provisions established under this model policy should be the guiding principles for the preparation of a lease agreement.
According to the union`s housing minister, the policy, which will likely soon replace existing rental housing laws across India, will unleash a crore unit in India`s rental housing markets. The first step in renting a house or apartment is to allow people to visit the property.