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Are lease agreement contractual?
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Can I make my own lease agreement?
A lease can be written or verbal, but a verbal lease can be very difficult to enforce. If you decide to write your own lease make sure you include a clause that states if any condition is not legal, that the rest of the lease is still in effect.
What is difference between rent agreement and lease agreement?
Legally, a lease is just one way to rent an accommodation. A rent agreement can either be a lease or a licence and will be treated accordingly, based on the terms and conditions and renting period mentioned in the agreement.
How do I write a rental agreement?
Draft the agreement and print it on a Stamp paper of due value as mentioned below.
Get the agreement signed by the owner and tenant in the presence of two witnesses.
The two witnesses should also sign and attest the document.
Is rental agreement a contract?
Often, the terms “lease agreement” and “rental agreement” are used interchangeably to mean the same thing. But the terms can refer to two distinct types of agreements. Both leases and rental agreements are contracts that are legally binding.