4. The tenant paid an amount of as interest-free security to the landlord. It is agreed that the amount paid by the tenant will be refunded to the tenant on the date of expiry of this rental agreement or in the event of previous termination, subject to adjustments to rents, breaks, damage and restoration of the property in its original condition, with the exception of normal wear and tear. 8. The lessee must return to the lessor, subject to appropriate use, the free possession of the aforementioned premises at the end of this contract or their renewal in the same condition as at the beginning of this lease. If the tenant paints the walls a different color or applies nails to the wall, adds or removes power lines, these must be removed / replaced and the premises must be returned to the original state at the time of the holiday of the premises, otherwise a sum of up to one month`s rent will be cancelled from the deposit for such repairs and restorations. Housing.com has implemented a fully digital and contactless service to create rental contracts. If you want to complete the formalities quickly and without problems, you just need to fill in the details, create the rental agreement online, sign the contract digitally and mark it in seconds by e-stamp. 5. It is hereby agreed, by and between the parties, that the Lessee or Lessor, notwithstanding all the provisions contained therein, shall have the possibility of terminating this Agreement during the existence of this Agreement and its renewal by notifying each other in writing two months in advance, and this Agreement shall therefore be terminated upon the expiration of such notice. Stamp duty is the tax levied on legal documents in compensation for their validity.
In the state of Karnataka, the maximum stamp duty that can be levied on each rental agreement is INR 500/-, but is usually calculated as follows- Jeken Advance – Normally, karnataka has a system to pay a token advance before the total amount of the deposit is paid. This is done to block the house by the tenant, so that the owner does not give the house to any other person. But there are a lot of lags. Many people don`t take a receipt while they pay the token advance. You must always establish proof of all payments made in a rental store either by check, DD, online transfer, etc. If the payment is made in cash, ask the owner to send you an SMS or receive the payment in writing. For rental contracts with a duration of less than or more than 11 months, it is not necessary to record it. For leases concluded for one year or more, it is recommended to register (no certification). This is a precautionary measure to deter fraud, which proves that the companies mentioned in the contract are the ones that actually signed it and that the agreement is not a counterfeit or false agreement. Here is the format of the rental agreement used in India – In WITNESS WHEREOF the owner and tenant/tenant/tenant have attached their hand under _________ (location) on this _________________