Streak Legals

 Vijyant Nigam

 24 Years Exp

 Residential Lease Agreement (Show More)

 Lucknow , Industria Area Chinhat

 View Answers by this Partner (1)

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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 : Vijyant Nigam

Law Firm Name : Streak Legals

Country : India

City : Lucknow

State : UTTAR PRADESH

Practicing Since: 2002

About Your Firm : Working in the legal field, conveyancing, litigation, drafting, vetting, agreements, MOUs, Contract, Registration, Notaries

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Vijyant Nigam 9809/2002 Bar Council Of Uttar PRadesh
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

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Subject :  Difference between a "mortgage" and a "lease"?
Question :  What is the difference between a "mortgage" and a "lease" Please explain

Answer by Streak Legals :  Much difference Mortgage means to put something as guarantee against any loan or advances from any FI, viz/ bank or financial institution. Lease means to lease out any property by its owner to someone for a certain period of time against which the owner of the property will get rent.