Kachwala Misar & Co.
Rakesh
18 Years Exp
Residential Lease Agreement (Show More)
Mumbai , Kalbadevi
View Answers by this Partner (5)
Profile Views : 18179
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 : Rakesh
Law Firm Name : Kachwala Misar & Co.
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 2007
About Your Firm : We are a solicitor firm having practice domain of Arbitration, Civil, RERA, NCLT, property, Testamentary, Society, Revenue, drafting, documentation and Conveyancing.
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Agreements/Deeds(Bulk) ( Agreement of Sale )
Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
Agreements/Deeds(Bulk) ( Sale Deed )
Power of Attorneys ( Drafting General Power of Attorney )
Power of Attorneys ( Drafting Special Power of Attorney )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Legal Opinion/Title Certification ( Residential Layout )
Legal Opinion/Title Certification ( Villa Project )
Legal Opinion/Title Certification ( Commercial complex )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
Legal & Drafting
Agreements/Deeds ( Relinquishment deed )
Lease/Rental Agreements ( House Rental agreement )
Legal Opinion (Written) ( Plots )
Power of Attorneys ( Revoke/cancel Power of Attorney )
Agreements/Deeds ( Exchange Deed )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Legal Opinion (Written) ( Apartment )
Wills ( Make A will )
Agreements/Deeds ( Release Deed )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Legal Opinion (Written) ( Villas )
Wills ( Make A Codicil )
Agreements/Deeds ( Partition Deed )
Lease/Rental Agreements ( Commercial Lease Agreement )
Legal Opinion (Written) ( Independent House )
Notary & Attestation Services ( Get A Document Notarised )
Agreements/Deeds ( Memorandum of Understanding )
Lease/Rental Agreements ( Residential Lease Agreement )
Legal Opinion (Written) ( Commercial Property )
Affidavits ( Personal Affidavits )
Agreements/Deeds ( Joint Development Agreement )
Lease/Rental Agreements ( Car Parking Agreement )
Agreements/Deeds ( Agreement of Sale )
Affidavits ( Passport Affidavits )
Registration Assistance ( Plot )
Lease/Rental Agreements ( Leave And Licence )
Agreements/Deeds ( Sale deed )
Affidavits ( General Affidavits )
Registration Assistance ( Apartment )
Consultation on Property ( Property Buying )
Packages ( Legal Opinion to Registration (Plot/Site) )
Agreements/Deeds ( Gift Deed )
Affidavits ( Other Affidavits )
Registration Assistance ( Independent House )
Consultation on Property ( Property Selling )
Packages ( Sale Agreement to Registration (Plot/Site) )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Commercial Property )
Packages ( Sale Agreement to Registration (Apartment) )
Power of Attorneys ( General Power of Attorney )
Agreements/Deeds ( Rectification Deed )
Lease/Rental Agreements ( Apartment Rental Agreement )
Packages ( Legal Opinion to Registration (Apartment) )
Power of Attorneys ( Special Power of Attorney )
NRI Services
Property Disputes ( Illegal Sale of Land And Property )
Property Disputes ( Illegal Transfer of Land And Property )
Landlord Tenant Disputes ( Landlord Tenant Disputes )
Succession Certificate ( Succession Certificate )
Buying Selling of Property in India ( Buying/Selling of Property in India )
Property Search ( Land And Property Search )
Propert Transfer ( Land and Property Transfer )
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 Kachwala Misar & Co. : Yes. But how do you demonstrate that you have right in the under construction property? I presume that you would have a allotment letter or registered agreement executed by the Builder/Developer in your favour. Please mention the details of the same also in the will.
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 Kachwala Misar & Co. : Please share more details rather the ready reckoner rate.
Stamp Duty would depend upon the Rent amount, License Period and the Security Deposit and only then the amount payable can be decided
Subject : Power of attorney of house
Question : My house is on name of my grandmother. There are no any nominee or will or power of attorney of house. There is only dastaveg of house which is on name of my grandmother. But she is no alive. What is the prosidure to make that property on name of my grandfather. There are no any proof of marriage.
Answer by Kachwala Misar & Co. : Apply for Succession Certificate or heirship certificate from court.
Subject : Power of attorney of house
Question : My house is on name of my grandmother. There are no any nominee or will or power of attorney of house. There is only dastaveg of house which is on name of my grandmother. But she is no alive. What is the prosidure to make that property on name of my grandfather. There are no any proof of marriage.
Answer by Kachwala Misar & Co. : Apply for Succession Certificate or heirship certificate from court.
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Kachwala Misar & Co. : Sir, If your agreement value in the agreement is Rs 36 Lakhs then FIRST buyer will have to show the proof of payment of RS 36 lakhs and SECOND in your books of accounts the income received would be RS 36 lakhs and you will have to pay tax on that. In any case, you can register the property with consideration as Rs 27 lakhs and pay stamp duty on Rs 36 Lakhs.
