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Home to the largest saltwater lake, Chilika, Orissa is economically a blend of both agricultural and industrial sector. Being one of the fastest growing economies, Orissa also attracts new talents. You could be a family man or someone residing in a PG looking out for a new place; then you always welcomed to refer our website and set yourself a rental agreement. However, while doing so, don’t let the following things slip your mind.

Laws Governing Rental Agreement In Orissa

The Orissa House Rent Control Act, 1967, is the primary law that governs the setting up of a rental agreement in Orissa.

What Is A Rental Agreement?

A lease agreement is a contract that is signed between the landlord and the tenant whereby the landlord gives the tenant the permission to reside in his residential premises.

Relevant Clauses To Be Added While Setting Up A Rental Agreement

One can personalise their lease agreement by adding necessary provisions. But few clauses are to be mandatorily included to avoid any uncertainty in the future. Those are as follows:

• Accurate details: The details that are given in the rental agreement about the landlord, the tenant and the property to be rented should be best to the ability of both the landlord and the tenant.
• Lock in period: This is the minimum period before which neither the landlord nor the tenant is allowed to withdraw the rental agreement.
• Notice period: Notice period is a particular period before which the tenant has to inform the landlord about the termination of the lease agreement.
• Security deposit: The landlord applies to pay the entire security deposit back to the tenant when the agreement expires. Security deposit serves as a protect to the landlord if the tenant breaks or violates the terms of the agreement.
• Penalty: The landlord can impose a particular amount as a penalty on the tenant if the rent is not paid within the specified time.
• Rent: The rent to be paid should be mentioned in the agreement. This ensures that the landlord will not unethically increase the rent in the middle of your stay.
• Maintenance charges: Maintenance costs are to be paid by the landlord. If the tenant pays it, then he has the right to claim it back.
• Pets: The landlord can specify in the agreement whether he entertains pets inside the premises.
• Parking: The agreement should mention if the landlord provides parking facilities to the tenant.

Types Of Rental Agreement

There are three types of rental agreement. They are as follows:

• 11-month lease agreement: This is a short-term contract which expires after 11-months. However, the agreement can be renewed if both the landlord and the tenant wishes to do so. This type of rental agreement is preferred as they do not require registration.
• Long term lease agreement: A long-term lease agreement is generally for a longer duration. It could be a year, five years, ten years or anything above. This type of contract is usually set up for residential purposes.
• Commercial lease agreement: A commercial agreement is established between the landlord and the tenant whereby the owner rents the property to the tenant for business purposes. The rental agreement can be personalised as per the requirement of the business.

Procedure To Make A Rental Agreement In Orissa

Creating a lease agreement could be a tiresome and tedious process. However, follow the steps given below to make the process easier.

• Draft an agreement with accurate details of the landlord, the tenant and the property to be rented.
• Personalise the rental agreement by adding necessary clauses.
• Print the lease agreement on a stamp paper of the recommended value.
• The document is to be signed by the landlord, the tenant, and two witnesses.
• Get the document registered in a sub-registrar office.

Stamp Duty In Orissa

Stamp duty is the amount that the tenant pays to the government to make the document legally valid. This is done by purchasing stamp paper of the recommended value. The e-stamping technology has made the process much simpler. This technology was introduced to prevent the circulation of fake and duplicate stamps. The tenant can purchase stamp papers of any denominations now by paying the amount in the bank.

Rental Agreement Registration

Registering your lease agreement is always better as while doing so the document becomes legally valid and carries more weightage in case a dispute arises in the future.

People tend to choose 11-month lease agreement as it does not require registration. However, it is always better to make your document legally registered.

Is Notarization Necessary For Rent Agreement In Orissa?

In India, notarization is not mandatory. But getting your document attested by a notary public only gives a better validation to the details provided in the rental agreement as while notarization the notary public goes through it. 

How To Create A Rental Agreement Online?

Creating a lease agreement is a tedious and tiresome process. Now, it could be done online easily, with the help of LegalDesk.com. To do so, follow the steps given below.

• Visit our ready to customise, lawyer verified rental agreement.
• Fill in the details of the landlord, the tenant and the property to be rented.
• Personalise the rental agreement by adding necessary clauses.
• Print the lease agreement on a stamp paper of the recommended value or allow us to do so and deliver it to your doorstep.
• The rental agreement is to be signed by the landlord, the tenant, and two witnesses.
• Get the rental agreement registered at a sub-registrar office.

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