![]() ![]() Amount of security deposit and the account where it is held.Methods to terminate the agreement prior to the expiration date and charges if any.Amount of rent and due dates for payment, grace period, late charges.Names of the landlord and tenant and/or their agents.However, the usual contents of a rental agreement include: The contents of a rental agreement varies from place to place. The other type is a lease and license agreement of up to 11 months which doesn’t fall under the Rent Control Laws. This is governed under Rent Control Laws put up by the State government. There are 2 types of rental contracts in India, one being a lease agreement that lasts for a minimum of 12 months. The rental agreement or rental contract is drafted on a stamp paper. The tenant can stay/use the property of the owner for the time mentioned in the rental agreement.Ī rental agreement, also called a rent deed and lease deed, contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term. Tenant is the person who wishes to take temporary possession of the owner's property by paying rent. The rental agreement is an official contract entered between the tenant and owner of a property. Anyone who wants to stay in a house on rent or get a property rent, should enter into a rental agreement with the owner of the house/property. ![]()
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