Lease Agreement Template for India

A Lease Agreement is a fundamental legal document used in India when one party (lessor/landlord) grants another party (lessee/tenant) the right to occupy and use a property for a specified period in exchange for rent. This document is essential for both commercial and residential property transactions and must comply with the Transfer of Property Act, 1882, the Registration Act, 1908, and applicable state rent control laws. It's particularly important for leases exceeding 11 months, which require mandatory registration. The agreement should clearly define the premises, rental terms, duration, maintenance responsibilities, and conditions for termination, while incorporating state-specific legal requirements and local municipal regulations. It serves as a crucial reference document throughout the tenancy period and provides legal protection for both parties' interests.

1. Parties: Identification and details of the lessor/landlord and lessee/tenant including names, addresses, and contact information

2. Background: Context of the lease arrangement and brief description of the property being leased

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise and Term: Specific details of what is being leased and for how long, including commencement and end dates

5. Rent and Deposits: Rent amount, payment schedule, security deposit details, and any advance payments

6. Payment Terms: Methods of payment, due dates, and consequences of default

7. Usage and Occupation: Permitted use of premises and occupation rules

8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

9. Utilities and Outgoings: Responsibility for utility payments and other ongoing expenses

10. Lessor's Covenants: Obligations and warranties of the landlord

11. Lessee's Covenants: Obligations and warranties of the tenant

12. Insurance: Insurance requirements for both parties

13. Lock-in Period: Any mandatory period during which the lease cannot be terminated

14. Termination: Conditions and process for lease termination by either party

15. Notices: Process and addresses for serving formal notices

16. Governing Law: Jurisdiction and applicable laws

17. Dispute Resolution: Process for resolving disputes between parties