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RENTAL AGREEMENT

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ABOUT RENTAL AGREEMENT.

A rental agreement is a legal document which lays out the prescribed terms and conditions under which the rented property is leased out that is to be followed between the landlord and the tenant. 

The rental agreement must be printed on a Non-Judicial Stamp Paper with a value of Rs.100/- or more. The rental agreement is usually signed on payment of the deposit for the rental property between the lessor and the lessee. Two copies of the document are usually executed, with each party retaining one of the original copies.