This lease is not legally binding unless it is registered. The notarized agreement does not mean that it is registered. Tenants must pay stamp duty and registration fees on the contract. Yes, you can make the deal during the rental period, but make sure the landlord and tenant are trustworthy. Lump sum payments are always made by cheque or net transfer, as no immediate agreement is reached. But try to conclude the agreement within a month. It is very risky to continue for the entire duration without the agreement. Therefore, if your landlord refuses to conclude the agreement after a month, it is advisable to stop and withdraw the rent payment. In this rapidly changing world, where mutual trust is weakening, you need to guarantee all real estate-related agreements with a legally binding contract in an acceptable format and a lease is no exception…
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