Shop rental agreement format in englishShop Rental Agreement • June 4th, 2023
Contract Type FiledJune 4th, 2023Anyone who wants to stay in a house on rent or get a property rent, should enter into a rental agreement with the owner of the house/property. The rental agreement is an official contract entered between the tenant and owner of a property. Tenant is the person who wishes to take temporary possession of the owner's property by paying rent. The tenant can stay/use the property of the owner for the time mentioned in the rental agreement. A rental agreement, also called a rent deed and lease deed, contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term.The rental agreement or rental contract is drafted on a stamp paper. There are 2 types of rental contracts in India, one being a lease agreement that lasts for a minimum of 12 months. This is governed under Rent Control Laws put up by the State government. The other type is a lease and license agreement of