The Registration Act of 1908 requires the registration of a lease if the tenancy period is more than 11 months. Under the provisions of the 2019 Standard Rent Bill, landlords cannot apply a pre-fixed rent increase for the entire period for which a tenancy agreement was signed. For example, when the lease expires after 11 months, the lessor cannot increase the monthly rent during that period. It is only at the expiry of this period and the date of registration of the new lease that the lessor is legally entitled to proceed with an increase in the rate that does not generally exceed 10% of the existing amount. In addition, the landlord must give the tenant three months` notice before increasing the rent under the bill. The omission of certain important clauses in your tenancy agreement leads to unpleasant legal conflicts in the event of disagreement between the tenant and the landlord. Even if the two parties know each other, the ideal is to reach a comprehensive agreement to turn your back. See also: The most important clauses for each Stamp Duty rental agreement is essentially a form of tax on legal documents in return for their validity. In Tamil Nadu, stamp duty paid for leases is generally equal to 1% of the rent/deposit amount, regardless of the duration of the tenancy. In the event of disagreement in the future, the lease will be a priority of the legal fight. However, there are other factors that, if left unless, can cause greater problems.
Here are a few things you need to keep in mind – repairs: the agreement should mention who should bear the costs associated with wear. Note here that notarized certified rentals are not identical to registered documents. In the event of a dispute between the landlord and the tenant, the court will not accept a notarized agreement as proof. It is therefore important to register the rental agreement correctly. See also: Compromise clause in leases and how it can help landlords and tenants In order to reduce costs, tenants and landlords sometimes get a verbal agreement on the lease and avoid the execution of a tenancy agreement.