After printing the document on stamp paper or electronic paper, both parties should sign the lease deed and each party must keep a copy of the rental deed. For commercial real estate, this lease offers a quick and easy way to sketch out all the terms of the agreement between the parties. With regard to the Transfer of Property Act 1882, in conjunction with the Registration Act 1908, all leases with a term of more than 11 months are mandatory. However, leases with a term of less than or less than 11 months do not have to be registered with the Sub-Registrar. This type of rental or rental agreement can be used by the owner or tenant of a commercial property. It is signed by the tenant to signify consent to the conditions set by the lessor. It is a legal document with the force of law to which the courts can refer in case of disagreement. The rental agreement must be printed on an extrajudicial stamp document with a value equal to or greater than 100/. The lease is usually signed against payment of the deposit for the rented property between the lessor and the tenant. As a rule, two copies of the document are executed, each of the parties keeping an original copy. The completed document must be made available to all parties (including any guarantors, if applicable). Each party should have the opportunity to read the agreement and, given the length of the document, may take some time to do so.
RENTAL AGREEMENT – STANDARD FORM OF CONTRACT THAT ———————————– DAY OF THE ——————————– two thousand———- between —————————— ———————————————————————————————————- ————————————————————————————————- hereinafter referred to as „the lessor“ (the term includes his successors) and in the event that the context or meaning require or permit it), on the one hand, and to the SCIENCE AND ENGINEERING RESEARCH BOARD (hereinafter referred to as „SERB“) on the other. IT IS AGREED AND STATED AS FOLLOWS: -1. Taking into account the rental reserved below and the other conditions set out therein, the lessor undertakes to rent and lease the land and premises known as ——————————————————, as well as all the buildings and constructions, installations and installations therein and which appear therein (hereinafter referred to as „THE PREMISES MENTIONED“, in particular in Annex „A“). The lease begins on the ————————————————-day ——————————- two thousand —————— and, depending on the terms of this Agreement, it is maintained for a period of ————– year(s) with the possibility for the SERB to extend the lease for a further period, in accordance with clause 14 of this Agreement.3. The SERB pays, subject to its conditions, rent of ———————————— per month, payable retrospectively, including maintenance, for the above-mentioned premises. In the event that the duration of the rental created is terminated in accordance with these gifts, the tenant pays only a proportional part of the rent for the fraction of the current month up to the date of this finding.4. The above premises shall be deemed to be listed above as set out in Annex „A“ and SERB, upon expiry of the conditions created or their renewal, and subject to clause II, shall issue the above premises, including facilities and facilities, in as good condition as they are maintained. Appropriate wear and tear, fire damage, force majeure, disturbances or other disturbances, hostile acts and/or other causes that are not under serb`s control, unless SERB is not liable for structural damage that may occur during the period or renewal thereof.5.
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