Sep 222021
 

To enter into an online lease for Kolkata or the rest of West Bengal, follow these steps – 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. A rental contract is a legal document defining the previously discussed conditions in which the rented property is rented to be respected between the lessor and the tenant. In India, the 11-month rental term is preferred by most owners when renting real estate. Commercial leasing – Signed exclusively for commercial transactions, commercial lease agreements involve large sums of money and long maturities. Commercial leases have a very different contractual format than residential leases. They do not have a standard format, as requirements and clauses vary depending on the type of business. Leases longer than 12 months must comply with strict rent control laws, which are most often tenant-friendly. Rent control laws currently prevent landlords from overburdening tenants and protect tenants from sudden or unfair evictions. The right to ownership of the property is also transferred from the owners to the tenants in the event of a lease, making it more difficult for the lessor to evacuate a tenant.

Owners therefore do not prefer to enter into leases of more than 12 months. In late 2012, West Bengal introduced e-stamping facilities in 10 centres around Kolkata.

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