A Lease Deed sets out the terms and conditions of the arrangement between the landlord and the tenant and provides for the rights and obligations of both parties. MyAdvo will help you draft and register a Lease Deed through an expert property lawyer.
Contents of the Lease Deed
A lease deed needs to be drafted carefully and needs to cover all terms of tenancy. It generally includes the following details:
Before investing in a property, it is highly recommended to get a due-diligence conducted of the property to minimize risks. MyAdvo can assist in conducting due diligence of the property through expert diligence professionals.
Types of Due Diligence
Depending upon the nature of the transaction and the property involved, due diligence can be either:
1. Full Search (tenure of search is usually between past 30 years to 99 years)
2. Limited Search (tenure of search is restricted to past 15 years)
The diligence for both the methods involves a rigorous search of all components of a real estate property and carried out comprehensively. The only difference being the tenure for which the search is done.
When a family member passes away, the legal heir of the deceased can apply for a legal heir certificate. The certificate is used for inheriting property left behind by the dead person. It is also used for claims of insurance, retirement benefit, pension, gratuity and provident fund. MyAdvo will help you obtain legal heir certificate through an expert lawyer.