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Lease Deed

Lease deed is a legal document which laid out in the prescribed terms and conditions under which the property is leased out.

Contact us with Required documents

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Our team do all necessary paper work for drafting & execution

Be Present at Sub-Registrar Office to execute and receive your Lease Deed at the earliest

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What is a Lease Deed?

As per the Transfer of Property Act, 1872's Section 105, a leasing of an immovable property basically is all about transferring of the right for enjoying such a property, made for specific time, implied or expressed, in perpetuity, in consideration for a price promised or paid, or in exchange for money, service, or share in crops, that is rendered on a periodical basis or on any specific occasion to the lessor by the lessee, who thus accepts the transfer based on such specific terms.

A lease deed/ Agreement/ Leave and License agreement is essentially a contract wherein the tenant (the lessee) agrees upon paying the landlord (lessor) a periodic rental amount for using a property. Lease deeds are legal documents, designed for renting or leasing of any kind of properties. It lays down the specific terms & conditions for leasing of properties.

It contains information regarding the lessee, the lessor, lease tenure, lease payments that needs to be paid as well as other terms that the lessee as well as the lessor must follow during the term of the lease. The lease deed is enforced by the law and is referenced by the courts at the time of any disagreement between the lessee and the lessor.

Despite the fact that the relation between the tenant and the landlord is mostly cordial, it is always a good idea to have the written rental agreement in case the relationship goes sour or when there are too many misunderstandings and complaints.

Benefits of a Lease Deed

  • Offers tax deductibility for tenants.
  • Minimizes the initial costs for tenants who enter into a leasehold agreement and thus negate the requirement of purchasing the land.
  • Allows landlords to reduce tax payable on capital gain.
  • Enables landlords to retain ownership of the property or land.
How to obtain Lease Deed?

The rental agreements in general made of 11 months, in-case it more, it is mandatory to register in concerned Sub-Registrar office. A certain amount of stamp paper and formalities required to be done in either case. Every state has its own revenue law for stamp duty for such rental agreements.

  • Two Sets lease deed and copy
  • Stamp paper of certain rental Value as per state Govt Policy 
  • Payment reciept of Registration fee  
  • Draft of the registration fee along with the undertaking.

The tenant requires the following documents:

  • Power of Attorney (Original) or board resolution on the letterhead of the company, in case required.
  • Photo ID proof (original) as well as its copy (Driving licence, Aadhaar Card, Passport etc.) of authorized signatory (ies).
  • Authorized signatory's address proof.
  • Coloured photographs (passport size) of authorized signatory.
  • Copy of the PAN card of the company
  • Original as well as the copy of the authorized signatory's Aadhaar card or any Photo Id.
  • Company stamp/seal of the authorized signatory.

For the lessor or the landlord:

  • Original documents of Ownership (Conveyance Deed or Sales Deed- Copy will be attached for authenticate ownership). 
  • Lessor's Original/Copy of Aadhaar Card.
  • Original/ Copy of Photo ID of the Lessor such as Passport/Driving licence/ Voter Card

We at 6xhomesearch assist our client in drafting the lease or rent agreement as per required obligation, calculation of stamp duty, registration charges and other incidental charges. We do all formalities for you at Sub-Registrar office for execution of Lease and assist in completing in submitting the required documents in concerned area Police station for Tenant Verification.