BNS and Associates

 Advocate Jamal Sait

 2020 Years Exp

 Residential Lease Agreement (Show More)

 Bangalore , Chudenapura

 View Answers by this Partner (3)

 Profile Views : 31087

Information

Residential leases are contracts signed between owner of a property and a potential tenant who wishes to occupy the property for a period of more than eleven (11) months. Such leases are often very similar to typical short term rental agreements with a difference only duration or period of contract.

Residential leases signed for long periods of time often have clauses which are exactly the same as that of conventional rental deeds. The format followed too is pretty much the same. Some of the important clauses in a long term residential lease include-

    Duration of the contract
    Rent, security deposit and maintenance charges
    Consequences of breaching the contract
    Code of conduct expected from owner and tenant
    Method to be followed in case a dispute arises
    Conditions of contract renewal

Residential leases have to be drafted with care to make sure that future legal battles do not ensue between the owner and tenant. This means that the lease has to be comprehensive enough to leave no room for loopholes.

Whether you are an international retailer or an independent local seller, Retail Spaces Specially Mall Leasing can provide your business with the ideal solution to enhance your sales through leasing in Tier1 cities and also in upcoming cities and towns across the country.


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Name : Advocate Jamal Sait

Law Firm Name : BNS and Associates

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 5

About Your Firm : Litigation ranging from Civil to Criminal before Competent courts in bangalore.

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 Legal & Drafting

  Power of Attorneys ( Revoke/cancel Power of Attorney )
  Agreements/Deeds ( Gift Deed )
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  Lease/Rental Agreements ( Apartment Rental Agreement )
  Lease/Rental Agreements ( NOC From Landlord )
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  e-stamp paper ( Get E-stamp paper )
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  Legal Opinion (Written) ( Apartment )
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Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by BNS and Associates :  A Will is a legal declaration. Certain formalities must be complied with in order to make a valid Will. It must be signed and attested, as required by law. If u intend to create a will in favor of any person. it is very important that you must own the property and must have a marketable title. The Problem with under construction property is that the builder has not executed a sale deed in your favor. You have just booked the property and sale becomes complete only after paying entire consideration sale amount and executing the sale deed in your favor.

Subject :  Property Fraud
Question :  I purchased 3 non-NA plots from a seller on the condition that he will NA those plots in next 3 months. After 3 months, he started making reasons that the land has some problems. He asked us to wait for some time. Now Its been 7 years and he is giving me the same reason. I requested him to at least pay the money back but he is unnecessarily delaying that for the past 1 year. The seller is neither interested in giving me the plots nor the money back. How can I file a case against that fraudulent seller? Or what could be the best way to recover my money?

Answer by BNS and Associates :  Can u please tell me what is NA? Did u and the Seller had an agreement to sale? Now u have two option 1. File a Suit for recovery of money i.e. Total amount plus Interest. 2.File a suit for specific performance of contract, where court orders the seller to abide by the Agreement to sell. As there is a land dispute i recommend you that 1. option as you can recover all the amount.

Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by BNS and Associates :  Generally, the rental agreement is made for a period of 11 months to avoid Registration charges as required under Indian Registration Act. Stamp Paper of Rs.200 would be enough+Notary charges of around 100rs.