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1. Parties: Identifies and provides full details of the lessor (landlord) and lessee (tenant), including names, addresses, and contact information
2. Background: Brief context about the property and the parties' intention to enter into a lease agreement
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Property Details: Detailed description of the leased property, including address and boundaries
5. Term and Renewal: Specifies the duration of the lease and any renewal options
6. Rent and Payment Terms: Details of rent amount, payment schedule, security deposit, and payment methods
7. Rights and Obligations of the Lessor: Outlines the landlord's responsibilities including maintenance, repairs, and property access rights
8. Rights and Obligations of the Lessee: Specifies tenant's duties including proper use of property, maintenance responsibilities, and payment obligations
9. Utilities and Maintenance: Allocation of responsibility for utility payments and property maintenance
10. Termination: Conditions and procedures for early termination by either party
11. Governing Law: Specifies that the agreement is governed by Indian law and relevant state regulations
12. Dispute Resolution: Process for resolving disputes between parties
13. Notices: Methods and addresses for official communications between parties
14. Execution: Signature blocks and execution details
1. Lock-in Period: Specifies a mandatory period during which neither party can terminate the lease, used when parties want to ensure stability
2. Subletting: Terms regarding subletting rights and procedures, included when subletting might be permitted
3. Fixtures and Fittings: Detailed terms about installation and removal of fixtures, used for furnished properties
4. Pet Policy: Rules regarding keeping pets in the property, included when pets might be allowed
5. Property Insurance: Insurance requirements and responsibilities, important for high-value properties
6. Force Majeure: Provisions for unexpected events beyond parties' control, particularly relevant post-COVID
7. Property Management: Terms regarding property manager's role, included when a third-party manager is involved
1. Schedule A - Property Description: Detailed description of the property including floor plan, boundaries, and included areas
2. Schedule B - Inventory List: List of furniture, appliances, and fixtures included in the lease for furnished properties
3. Schedule C - Maintenance Schedule: Detailed breakdown of maintenance responsibilities between landlord and tenant
4. Schedule D - House Rules: Specific rules and regulations for the property or building complex
5. Appendix 1 - Property Photographs: Photographs documenting the condition of the property at the start of the lease
6. Appendix 2 - Utility Reading Records: Initial meter readings for electricity, water, and gas connections
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Operations
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Finance
Property Manager
Real Estate Agent
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Property Owner
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