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Lease Agreement/Deed Drafting Online by Experienced Lawyers

Online Legal India help regarding drafting your Lease Deed online. You will not be required to visit any office physically. More than 2000 Lease Agreement have been drafted by our team by far.



Lease Deed Online

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Difference between Lease and Sale


Lease Sale
The tenant is able to enjoy only the rights to use the property. In this case, the buyer gets the whole right of ownership of a property.
Except on the condition of perpetuity, the lessee rights to process the property comes to an end once the lease is terminated. There is no limit for usage of the property.
The money is paid like a premium or on specific intervals. The cost of the property is paid one time.
The lessee can only enjoy the use of the property. A transfer of lease is allowed in most cases though the ownership rights to the property lies with the lessor. Buying a property allows the buyer to enjoy the freedom selling the property in future.
A lease is much cheaper. The purchase amount is higher than the lease cost of the same property.
The lessee cannot have the residual value of the property. The residual value of the property can be transferred to the buyer.
The documents of the lease are known as lease agreement or deed of the lease. Sales generally involve agreement of sell, deed of conveyance, sale deed etc.

Key Contents of a Lease Deed in India


There are certain important provisions that should be included in every lease agreement in India are as follows-

  • Description of Property: The deed should contain the description of the property such as area, location, structure, address, and other information.
  • Duration: The lease agreement should clearly state the time span for which the validity of the lease will be in force. This provision might also include the information about the renewal of lease deed in case the parties want to continue with the contract.
  • Rent, Maintenance, and Security: The lease deed must clarify the rent amount, payment mode, due dates, security deposits, interest for payment delay etc. It should include the information regarding the maintenance charges, society charges and utility bills etc.
  • Termination of Lease: The deed must indicate or include the reasons behind the termination of the agreement. It might include breach of the deed, illegal acts in the property, failure to pay the rent, nuisance created by the lessee etc.
  • Subletting: The lease deed must include the information about whether the tenant is able to sublet the property or not.
  • Dispute Resolution: It must be mentioned in the deed that the menner in which the legal dispute arising between the parties out of breach of the agreement and how it will be dealt with. It may consist ADR process such as Arbitration.
  • Applicable Laws: In this provision it will be stated that the laws which are applicable over both the parties in case of dispute and which court will be having the jurisdiction to deal with such cases.
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Fill the Form & Make the Payment

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Get a Call from Expert Legal Team

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Lawyer Will Get All the Necessary Information from You

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Draft Will Be Created by the Expert Team of Lawyers

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Deed Will Be Sent to You for Approval

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After Approval You Will Be Able to Download the Deed

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FAQ

What is the meaning of lease deed?

A lease deed is an agreement where the tenant has agreed to pay a periodic rent to the landlord

Is it necessary to register lease deed?

What is the difference between lease deed and rent agreement?

What happens if a lease is not registered?

Which Act of the Indian Govt. overviews the Lease Agreement procedure?