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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 land lord and the tenant. Though the relationship between the land lord and the tenant is cordial most of the time, it is good to have a written rental agreement in place if the relationship turns sour or becomes fraught with complaints and misunderstandings.

Rental Agreement

The rental agreement is done easily through online in Bangalore; you can easily do it without the help of any broker or any service providers. You need to enter the following information in our portal:

• Aadhar card and pan card number of the tenant, landlord, and the two witnesses
• Biometric thumb scanner
• Fill up all the necessary information at government website about the property details
• After filling the property details move to the next page and fill the details about the parties (landlord, tenant and witness parties)
• Move to the rent agreement details
• Enter the important information about the agreement such as the agreement period, duration, rent; tenure (can be up to 60 months)
• Depending on the rent agreement, calculate the stamp duty and registration fee. You can easily pay it online
• Notice period
• Lock-in period
• Maintenance clause

Rental Agreement or License Agreement

Rental agreement or license agreements on the other hand are entered into for a period of 11 months, with an option to renew the agreement at the expiration of the agreement. As a rental agreement that is 11 months long is just a license for the tenant to occupy the premises for a short duration. Hence, rent control laws do not apply in most States. Further, rental agreements that are 11 months long allow the landlord more measures to take in case of eviction of tenant from the property. Hence, most landlords prefer to enter into a rental agreement that is 11 months long, with an option to renew at the end of the agreement period.

Joint Venture Agreement

• A joint venture agreement provides a company with expertise it may not have or may not be willing to invest in acquiring itself.
• For example, if one company has a combustible material research lab that the venture requires, the company without the lab gains the benefit of an already established lab.
• There is an element of risk in most joint ventures. Both joint-venture parties share in the risk, such as a financial investment.
• Should the venture not become profitable, both parties can walk away from the deal losing less than if one company independently invests in the venture.