Under both options, you can lease a home for a specified time, often 1 – 3 years. You'll then have the option to buy the home as your lease ends. One option, though, comes with more flexibility.
What to include in an apartment lease agreement. Tenant information. Include each tenant's full name and contact information. Rental property description. List the apartment's location, all common areas, parking spaces, and included facilities. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.
Documents required for registration of rental agreement Property documents such as tax receipt of the property to be rented out. Passport-sized photographs of each of the parties and the witnesses. Address proof of both parties and witnesses (Passport, Aadhaar card, ration card, bank passbook or driving license)
The rent agreement should be in writing and should be signed by both the landlord and the tenant. The agreement should specify the terms of the tenancy, such as the rent, the security deposit, and the duration of the tenancy. The agreement should also specify the rights and obligations of the landlord and the tenant.
Here's a list of standard fields that you should include in your lease agreement: Tenant information. Include each tenant's full name and contact information. Rental property description. Security deposit. Monthly rent amount. Utilities. Lease term. Policies. Late fees.