Even if the two parties know each other, the ideal is to make a comprehensive agreement to cover your back. As a rule, twenty rupees are used for leases for a period of less than 11 months. From 11 months, the amount of the annual rent plus the deposit is calculated. 1% of the total amount is stamp duty. Stamp duty is essentially a form of tax levied on legal documents in order to make it legally enforceable. In Tamil Nadu, the stamp duty paid for rental contracts is usually equal to 1% of the amount of rent + deposit, regardless of the duration of the rental. It may seem like a big effort, but now you can use online rental services. LegalDesk offers ready-to-use online rental agreements certified by a lawyer. You can use it to create an agreement in minutes. In case of disagreement in the future, the lease will be one of the priorities of the dispute. However, there are other factors that, if overlooked, can cause bigger problems…