Uptown Rental Properties Lease Agreement - Uptown Rentals 2025

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You may permit an agent or firm to represent you and the landlord at the same time. This dual agency relationship is most likely to happen if you become interested in a property listed with your tenants agent or the agents firm.
It is possible to draft your own lease agreement, but you are leaving yourself open to issues.
There are no legal differences between typed and handwritten agreements when it comes to enforceability. When most people think of a contract, a formally typed, the professional contract usually comes to mind. Nonetheless, a handwritten contract can be as valid as one thats typed.
If a tenant is renting property for one year or less, then an oral agreement (and all terms agreed upon) is legally binding. However, if a tenant is renting property for more than one year, the oral agreement is not recognized and must be recorded in writing to be legally binding.
Under the new plan, the government proposes a 2% stamp duty on one-year rental agreements. For annual rents of ₹2 lakh, the stamp duty will be ₹500, while for ₹5 lakh, it will be ₹5,000. On annual rents of ₹1 crore or more, the stamp duty will be ₹20,000.
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The answer is yes; a handwritten lease can be legally binding if certain conditions are met. Firstly, both parties must agree to the terms of the lease and sign it in front of witnesses or notaries. This ensures that both parties understand and accept the agreement.

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