Land Lease Agreement Form With Notary
Description
How to fill out Land And Buildings Lease Agreement For Paper Mill?
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FAQ
Notarized Agreement: A notarized agreement is simply a rent agreement printed on a stamp paper that is signed by a Public Notary. In India, public notaries are majorly lawyers and advocates.
Is it mandatory to notarize a rental agreement? No, it is not essential to notarize a rental agreement as long as it is printed on stamp paper and is duly signed by both parties and two witnesses.
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...
In India, it is not mandatory to notarize a rental agreement. As long as it is printed on Stamp paper and is signed by both parties and by two witnesses, it is considered binding. However, if you wish to notarize it, you may do so.
Under the Civil Code, a contract is valid and binding if all its elements are present, i.e., the elements of consent, object, and cause. Thus, even if the contract is not notarized, it is valid provided these elements are present.
