India currently has two types of leases. There is no established format for these agreements. Here are some of the terms frequently used in a home rental agreement, below – the deposit is a deposit of the rent. It works as a backup/security for recovery of expenses and losses. This must be paid by the tenant to the lessor (if necessary on request) at the time of signing the lease. The lessor must reimburse the amount after termination of the contract under the conditions set out in the contract. In the event that the tenant damages the rented property, the amount can be deducted from the deposit by the owner. For example, if a tenant breaks a window (causing damage to the infrastructure of the property), the lessor can use the deposit to repair the damage. The lease is notarized by the owner and the tenant for each property. The agreement is notarized to certify the agreement…