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Yes, Handwritten rental agreement on normal paper is legally valid in India. However if objection is raised for not being stamped, you might be liable to pay deficiency of stamp value with at least 10X penalty.
In fact, only Connecticut, Georgia, Louisiana, and South Carolina still require two witnesses to the execution of a lease.
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...
Now This Rent Agreement Witness As Under: That the Tenant/Lessee will have to pay Rs. (in words) as monthly rent, which does not include electricity and water charges. That the Tenant/Lessee shall not lease the property to a subtenant under any circumstances without the consent of the owner/landlord.
No, lease agreements do not need to be notarized in Georgia. Some states require leases of a certain length to be notarized, but that is not the case here. If the landlord and tenant agree, they can have the lease notarized for additional legal protections.