• Who should hold the original rental agreement

Hi
who has the right to hold the original rental agreement, the lessor or the lessee?
Asked 3 years ago in Property Law
Religion: Hindu

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23 Answers

The rent agreement is to be registered and the original copy is to be held by the landlord.

Rahul Mishra
Advocate, Lucknow
14088 Answers
65 Consultations

5.0 on 5.0

The lessor will retain the original agreement 

 

the lessee can be given certified copy of lease deed 

Ajay Sethi
Advocate, Mumbai
94734 Answers
7539 Consultations

5.0 on 5.0

Licensor holds it and a photocopy is given to licensee

Prashant Nayak
Advocate, Mumbai
31954 Answers
179 Consultations

4.1 on 5.0

landlord/owner/lessor will keep the original rental agreement

Suneel Moudgil
Advocate, Panipat
2381 Answers
6 Consultations

4.8 on 5.0

The Lessee has the right to hold the Rental Agreement as he would have advanced certain amount to the Lessor.

Shashidhar S. Sastry
Advocate, Bangalore
5117 Answers
314 Consultations

5.0 on 5.0

Agreement is between two parties.  Either party can keep the original. However, in practice the landlord keeps the original and copy is kept by the tenant.

Dalip Singh
Advocate, New Delhi
1084 Answers
36 Consultations

5.0 on 5.0

It does not make any difference who holds the original Rental Agreement.

More often than not, it is the Lessor who has custody of the RA.

If you want to avoid confusion execute Two RAs and each one of you can hold one, and that, the other will counter sign on the document held by each one i.e., Lessor signs on Lesssee's RA and Lessee signs on Lessor's RA.

 

S Srinivasa Prasad
Advocate, Hyderabad
2876 Answers
9 Consultations

5.0 on 5.0

There is no hard and fast rule, even the tenant bear the costs associated with the rental agreements the landlord keeping the original and the tenant keeping the copy is the norm. However, original can be kept with either party as per mutual consent.

Ajay N S
Advocate, Ernakulam
4073 Answers
111 Consultations

5.0 on 5.0

The lessor means owner should hold the original rental agreement.

Ganesh Kadam
Advocate, Pune
12930 Answers
255 Consultations

4.9 on 5.0

Lessor, as he is the owner of the property. 

Vimlesh Prasad Mishra
Advocate, Lucknow
6852 Answers
23 Consultations

4.9 on 5.0

There is no law in this.

If there is difference of opinion on this then make two copies in original so each of you can keep one.

If its registered deed then the person who bears the cost if registration keeps the original. 

Devajyoti Barman
Advocate, Kolkata
22825 Answers
488 Consultations

5.0 on 5.0

Hello,

  1. The usual practice is that the Lessor retains the original and the Lessee is provided a copy. If need be the a true copy can be made available to the Lessee.
  2. Now, the fact is that regardless of who holds the original document, what governs the Agreement are the terms and conditions set out in the Lease and therefore who holds the document in the original has little significance. In case of the need to produce the document in evidence in a court of law, the holder is always liable upon demand.

S J Mathew
Advocate, Mumbai
3548 Answers
175 Consultations

5.0 on 5.0

1. The Landlord (Lessor) should be holding the original Rent /Lease Agreement, and a notarized should be held by the Tenant (Lessee), for their purposes of own individual Income Tax Returns etc....

Hemant Agarwal
Advocate, Mumbai
5612 Answers
25 Consultations

5.0 on 5.0

There is no such law governing the matter. In respect of unregistered tenancy agreement, it is better to prepare a set of two documents, execute them and share them between the landlord and the tenant. In the case of registered rental agreements, let the original and a copy be registered together. As both are registered, it does not legally matter who holds what.

Swaminathan Neelakantan
Advocate, Coimbatore
2797 Answers
20 Consultations

4.9 on 5.0

The tenant/lessee shall be holding the original lease agreement. 

T Kalaiselvan
Advocate, Vellore
84934 Answers
2197 Consultations

5.0 on 5.0

Dear Sir/Madam,

You are suggested the original rent deed is generally hold by the lessor. 

Ganesh Singh
Advocate, New Delhi
6757 Answers
16 Consultations

4.5 on 5.0

Execute rent agreemnt in counter part. Both are original and keep by either party.

Yogendra Singh Rajawat
Advocate, Jaipur
22636 Answers
31 Consultations

4.4 on 5.0

Dear Client,

Lessor has the right to keep the original Rent Agreement. If the lessee want to have the rent agreement than he may also get a copy of the same and get it notorised.

Jaswant Singh
Advocate, Gurugram
929 Answers
2 Consultations

4.8 on 5.0

In general practice lessor gets to keep the original agreement and lessee get copy of agreement but there is no fixed rule regarding document possession.

Mohit Kapoor
Advocate, Rohtak
10687 Answers
7 Consultations

5.0 on 5.0

- The lessor , and the lessee will keep a copy of the same

- However legally there is not fixed , that who will keep the original, and can produced upon the requirement by either of the parties. 

Mohammed Shahzad
Advocate, Delhi
13230 Answers
198 Consultations

5.0 on 5.0

The landlord typically keeps the original and gives the tenant a copy of it. 

Mohammed Mujeeb
Advocate, Hyderabad
19299 Answers
32 Consultations

4.7 on 5.0

There should be two original copies, one each for both.

Rahul Jatain
Advocate, Rohtak
5365 Answers
4 Consultations

4.8 on 5.0

Lessor. 

Lessee may also have Original if made two Original agreement with the consent of both the parties and sub-registrar. 

Ramesh Pandey
Advocate, Mumbai
2541 Answers
8 Consultations

5.0 on 5.0

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