Having a tenancy agreement is significant for any landlord. it is so important to get the tenancy in writing because it protects your property, sets out your obligations which of your tenant's, plus prevents potential disputes between you and your tenant in the future.
While the overwhelming majority of landlords will have this aspect covered, there could also be some private tenants renting property without a written contract.
A tenancy agreement may be a legally binding document that provides the tenant the proper to measure within the rental property, and also the landlord the correct to receive rent.
It's therefore important that the tenancy agreements landlords are issuing are up so far and legally compliant.
After preparing the lease agreement, it should be registered. Every registered lease agreement or Rent Agreement in Bhubaneswar can be used as evidence in court in case of any litigation. Section 17 of the Registration Act 1908, it is compulsory to register the rent agreement only if the lease period is more than 11 months. In this case, the stamp duty and registration fee have to be paid.