When it comes to leasing out your property, one of the most important documents you need is the leave and license agreement. This is a legal agreement between the landlord and the tenant, which outlines the terms and conditions of the lease. If you are leasing out a property in Maharashtra, including Mumbai, Pune, Nagpur, and Nashik, it is important to draft the document in Marathi, the language of the state. In this article, we will take a look at the Marathi leave licence agreement format.
The Marathi leave and license agreement should contain the following information:
1. Parties to the agreement: This section should contain the names and addresses of the landlord and the tenant.
2. Property details: This section should contain the complete address of the property being leased, including the flat or house number, the building name, and the society name.
3. Term of the lease: This section should mention the start date and end date of the lease. It can also include the option to renew the lease.
4. Rent and deposit: This section outlines the monthly rent and the security deposit which the tenant must pay before the lease starts.
5. Maintenance and repairs: This section specifies whether the landlord or the tenant is responsible for maintenance and repairs of the property.
6. Use of the property: This section outlines the purpose for which the property may be used. For example, it may state that the property may only be used for residential purposes.
7. Termination of the agreement: This section outlines the circumstances under which the agreement may be terminated, such as non-payment of rent or breach of the agreement by either party.
8. Signatures: Finally, the Marathi leave and license agreement should be signed by both the landlord and tenant, along with their respective witnesses.
It is important to remember that the Marathi leave and license agreement must be printed on a stamp paper of appropriate value, as per the stamp duty act. The stamp duty fee varies based on the value of the property being leased and the duration of the lease.
In conclusion, if you are leasing out a property in Maharashtra, it is important to draft a Marathi leave and license agreement in the proper format. This legal document protects both the landlord and the tenant, and ensures that the terms and conditions of the lease are clear and binding.