Is this rent agreement legally valid in India?
Yes, a Leave and License Agreement is legally recognized in India under the Indian Easements Act. For full legal enforceability, get it printed on stamp paper and notarized. Spaczo's template follows the standard Indian format.
Why 11 months and not 12?
Leases of 12 months or more require mandatory registration under the Registration Act, 1908, which involves stamp duty and sub-registrar fees. An 11-month agreement avoids this requirement and is the standard practice across India.
How much is the stamp duty for a rent agreement?
Stamp duty varies by state — typically 0.25% to 1% of total rent + deposit for the lease period. For an 11-month agreement, most states charge a nominal fixed amount (₹100–₹500). Spaczo's PDF can be printed on e-stamp paper from your state's portal.
Can I use this for a commercial property?
Yes. Spaczo's generator supports both residential (Leave and License) and commercial (Lease Agreement) formats. Commercial agreements include GST clauses, business use restrictions, and lessee compliance terms.
What is a security deposit and how much should it be?
A security deposit is an advance amount paid by the tenant, held by the owner as insurance against damages or unpaid rent. In most Indian cities, the standard is 2–3 months' rent for residential and 3–6 months' for commercial.
Is it free to generate the PDF?
Yes — completely free. Fill in the details on Spaczo and download the ready-to-print PDF instantly. No login required, no watermarks, no hidden charges.
What should I do after generating the agreement?
Print it on Rs. 100 or Rs. 500 stamp paper (available at e-stamp portals or licensed vendors). Both parties sign in the presence of two witnesses. For added security, get it notarized at a local notary office.