This 12 Month Lease Agreement is essential for formalizing rental arrangements in India, providing legal protection for both landlords and tenants. It should be used whenever a property is being leased for a one-year term, whether for residential or commercial purposes. The document ensures compliance with Indian legal requirements, including the Transfer of Property Act, state-specific Rent Control Acts, and registration requirements where applicable. It contains comprehensive provisions covering rent, deposits, maintenance, utilities, termination conditions, and dispute resolution mechanisms. The agreement can be customized for various property types while maintaining its core legal framework, making it suitable for both individual landlords and corporate property owners. For leases exceeding 11 months, registration is mandatory under Indian law, and appropriate stamp duty must be paid as per state regulations.
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1. Parties: Identification of landlord and tenant with complete details including names, addresses, and contact information
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Definitions of key terms used throughout the agreement
4. Property Details: Detailed description of the leased property including address and boundaries
5. Term and Possession: Duration of lease, commencement date, and possession details
6. Rent and Deposits: Rent amount, payment schedule, security deposit, and advance rent details
7. Utilities and Maintenance: Responsibilities for utilities, maintenance, and repairs
8. Use of Property: Permitted use of property and restrictions
9. Obligations of the Landlord: Landlord's responsibilities and commitments
10. Obligations of the Tenant: Tenant's responsibilities and commitments
11. Insurance: Requirements for property insurance and contents insurance
12. Lock-in Period: Details of any lock-in period and associated conditions
13. Termination: Conditions and process for termination of the lease
14. Force Majeure: Provisions for unforeseen circumstances
15. Governing Law: Applicable laws and jurisdiction
16. Notices: Process for serving notices between parties
17. Dispute Resolution: Process for resolving disputes between parties
1. Furniture and Fixtures: Detailed section for furnished properties listing all items provided
2. Parking: Include when dedicated parking space is provided with the property
3. Pet Policy: Include when pets are allowed or specifically prohibited
4. Sub-letting: Include when sub-letting is permitted under specific conditions
5. Society Rules: Include for properties in housing societies or apartments
6. Amenities Usage: Include when common amenities like gym, pool are available
7. Commercial Activity: Include when addressing whether commercial activities are permitted
8. Renovation Rights: Include when tenant is permitted to make alterations
9. Green Lease Provisions: Include when incorporating environmental sustainability requirements
1. Schedule A - Property Description: Detailed description of property including floor plan and boundaries
2. Schedule B - Inventory List: Detailed inventory of furniture, fixtures, and appliances if furnished
3. Schedule C - Payment Schedule: Detailed breakdown of rent, maintenance charges, and other payments
4. Schedule D - Property Photos: Photographs documenting property condition at time of lease
5. Schedule E - Maintenance Responsibilities: Detailed split of maintenance responsibilities between parties
6. Appendix 1 - House Rules: Specific rules and regulations for property usage
7. Appendix 2 - Handover Form: Template for property handover documentation
8. Appendix 3 - Utility Transfer Forms: Forms for transfer of utility connections
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