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Residential Real Estate Lease

Residential Real Estate Lease Template for India

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Residential Real Estate Lease

"I need a Residential Real Estate Lease agreement for a furnished 3-bedroom apartment in Mumbai, with a 2-year term starting January 2025, including provisions for pet ownership and quarterly maintenance charges."

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Document background
This Residential Real Estate Lease agreement template is designed for use in the Indian rental market, addressing the specific requirements of Indian property law and rental regulations. It serves as a legally binding document between property owners and tenants for residential properties, incorporating provisions from the Model Tenancy Act, 2021, relevant state Rent Control Acts, and the Transfer of Property Act, 1882. The document is essential for establishing clear terms of tenancy, including rent payments, maintenance responsibilities, and termination conditions, while ensuring compliance with local registration and stamp duty requirements. It is particularly useful for individual landlords, property management companies, and real estate agencies operating in India's residential rental market, providing comprehensive protection for both landlord and tenant interests while maintaining alignment with current Indian housing legislation.
Suggested Sections

1. Parties: Details of the landlord and tenant, including full names, addresses, and contact information

2. Background: Brief context about the property and the intention to create a lease

3. Definitions: Key terms used throughout the agreement

4. Demise and Term: Description of the property being leased and duration of the lease

5. Rent and Deposits: Rental amount, payment terms, security deposit details, and maintenance charges

6. Utilities and Maintenance: Responsibility for utility payments and property maintenance obligations

7. Landlord's Covenants: Obligations and promises made by the landlord regarding the property

8. Tenant's Covenants: Obligations and promises made by the tenant regarding use and care of the property

9. Insurance: Requirements for property insurance and content insurance

10. Access and Inspection: Terms for landlord's access to the property for inspection and repairs

11. Termination: Conditions and process for ending the lease

12. Notices: Process for sending formal communications between parties

13. Governing Law: Applicable laws and jurisdiction

14. Dispute Resolution: Process for resolving disputes between parties

Optional Sections

1. Furniture and Fixtures: Detailed terms regarding furnished properties - include when property is rented with furniture

2. Pet Policy: Rules regarding keeping pets - include when pets are allowed with conditions

3. Sub-letting: Terms for sub-letting the property - include when sub-letting is permitted

4. Commercial Usage Prohibition: Specific terms prohibiting commercial use - include for properties in residential-only zones

5. Renovation and Alterations: Terms for making changes to the property - include when allowing tenant modifications

6. Parking: Terms for use of parking spaces - include when parking is part of the lease

7. Society Rules Compliance: Obligation to follow housing society rules - include for apartments in housing societies

8. Force Majeure: Provisions for unexpected events - include during uncertain circumstances like pandemic

Suggested Schedules

1. Schedule A - Property Description: Detailed description of the property including address, dimensions, and boundaries

2. Schedule B - Inventory List: List of furniture, fixtures, and appliances provided with the property

3. Schedule C - Condition Report: Detailed report of property condition at the start of tenancy

4. Schedule D - House Rules: Specific rules and regulations for the property

5. Schedule E - Payment Schedule: Detailed breakdown of rent, maintenance, and other charges

6. Appendix 1 - Property Photos: Photographic evidence of property condition

7. Appendix 2 - Previous Utility Bills: Copies of recent utility bills for reference

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses


























Relevant Industries

Real Estate

Residential Property

Property Management

Housing

Legal Services

Property Investment

Rental Management

Urban Development

Relevant Teams

Legal

Real Estate Operations

Property Management

Compliance

Housing Administration

Document Management

Lease Administration

Asset Management

Facilities Management

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Legal Counsel

Housing Officer

Lease Administrator

Property Owner

Real Estate Portfolio Manager

Tenancy Coordinator

Compliance Officer

Real Estate Operations Manager

Housing Administrator

Legal Document Specialist

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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