Frequently Asked Questions
Lease is a long term agreement, normally one year or more, where the rent and terms stay fixed throughout the agreement. A rental agreement is a short-term agreement, normally for 11 months, and gives more flexibility for both the landlord and the tenant.
It depends on the situations. Choose a rental agreement if you want flexibility or plan to stay short-term. Choose a lease agreement if you want stability and long-term stay.
Yes. An 11-month rental agreement signed by both parties is valid in India. Registration is not required, yet advisable in order to obtain legal protection.
Yes. It can be more than 11 months, but once it exceeds 12 months, it becomes a lease agreement and must be registered under the Registration Act, 1908.
Lease: Long-term agreement for the right to use the property. Rental Agreement: Short-term agreement, but flexible. Leave and License: Gives the tenant the right to stay but no transfer of interest in the property. This format is widely used in Maharashtra.
An unregistered lease agreement may not be accepted as legal proof or legally binding in court. Both parties may lose legal rights, and the agreement may not protect the landlord or the tenant in case of disputes.
Yes, if the termination clause in the agreement allows it. Otherwise, both parties must mutually agree to end the lease before the expiry date.
Common documents include: Aadhaar PAN Property ownership proof Passport-size photos of landlord and tenant Some states may ask for electricity bills or tax receipts as supporting proof.
Under the Indian law, verbal agreements may be valid, but they are difficult to establish during disputes. A written agreement is always safer and protects both sides.
For agreements less than 12 months, registration is not mandatory but is advised. For agreements above 12 months, registration is mandatory under law.
Yes. A registered rental or lease agreement is accepted as valid address proof for many services, including bank accounts and government applications.
Yes. For 11-month agreements, notarization is common and widely accepted. Registration, however, offers stronger legal protection.
Lease agreements generally run from 1 to 5 years, depending on what the landlord and tenant agree to. Commercial leases may even go up to 10 years.
Tenants have the right to: Live in the property without disturbance Use the property as agreed Pay rent as per contract without sudden increases Receive proper notice before eviction These rights apply as long as the tenant follows the terms of the lease.
Yes. Both states allow online registration through official government portals. The tenant and landlord can upload documents, pay stamp duty, and complete biometric verification online.
Less risk for the owner Easy to renew Clear rights and responsibilities Simple termination process This is why it is popular in Mumbai and Pune.
Choose based on your need: Short stay & flexibility → Rental Long stay & stability → Lease
The landlord can send a written notice and may charge a penalty if the agreement allows. If the tenant still does not pay, the landlord can start eviction as per law.
No. Rent stays the same for the entire lease period unless the agreement specifically allows annual revision.
Vault Proptech takes care of: Drafting legal agreements Document checking Online registration Stamp duty guidance Renewal reminders You get a smooth, transparent, and hassle-free experience. You can simply trust Vault and leave the process to the experts.
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