One of the most common features when entering into a real estate rental transaction in India is the prevalence of the 11-month lease or licensing agreements. An 11-month period is preferred by most landlords when entering into real estate rentals, as there are two types of agreements dealing with the rental of real estate in India, lease and leave & license agreement. After establishing the lease and having everything with your new tenant, both parties sign the contract. You may need to prorate rent based on when the tenant moves in. In India, the tenant also pays a deposit or advance to the lessor, which must be reimbursed at the time of termination of the contract. Normally, it is calculated somewhere between 2 or 3 months and up to 10 months of rent. The deposit is paid at the time of signing the contract. However, entering into a lease without registration is illegal and could prove risky for both parties, especially in the event of future litigation. A rental agreement must explicitly state the monthly amount of rent and indicate the consequences of a rental delay. Almost every state requires a landlord to speak to their tenants in advance before they access a rental unit. .

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