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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 owners property by paying rent.
The lease agreement is a contract between two parties in India. The two parties are the landlord and the tenant. The purpose of a lease agreement is to decide who will be responsible for paying the rent, repairs, and other charges associated with the property. Lease agreements can be written or oral.
NEW DELHI: A rent agreement is a legal document, also known as contract between the landlord (owner of the property) and tenant for a fixed period of time, that contains the pre-discussed norms and conditions under which the tenant has the temporary possession of the property.
A Tenancy Agreement is an official document defining the terms and conditions of a lease or rent partnership between two parties. A tenant is someone who is allowed to occupy a property in ance with the norms defined in the rent agreement (Tenancy Agreement).
A lease agreement is a contract between a landlord and a tenant that covers the renting of property for long periods of time, usually a period of 12 months or more.
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