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Letter of Intent to Lease a Home

At a glance

Price
₹99 · GST included
Stamp duty
No stamp duty as a preliminary record.
Registration
Not compulsory — not itself a lease. s.17(1)(d) catches the eventual lease if over a year or yearly rent.
Witnesses
Not required unless the tenancy document adopts witnesses.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • residential lease LOI
  • rental term sheet
  • house lease proposal

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in
Why you need it

When you need it

You've agreed the main commercial points but aren't ready for the final tenancy. A letter of intent records the proposed rent, deposit, term, escalation, lock-in and notice before KYC and registration. The key question is whether it's a negotiation record or a binding contract — a lease over a year needs s.17(1)(d), Registration Act 1908.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty as a preliminary record. Reworded to grant possession or conclude a lease, treat as that instrument.

Registration

Not compulsory — not itself a lease. s.17(1)(d) catches the eventual lease if over a year or yearly rent.

Notarisation

Not required; doesn't replace compulsory registration.

Witnesses

Not required unless the tenancy document adopts witnesses.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

LETTER OF INTENT TO LEASE A HOME

Date: 1 April 2026

Premises: Flat 602, Homeland Heights, Sector 70, SAS Nagar, Punjab

  1. Proposed parties

Landlord: Rajiv Khanna, of House 214, Sector 8-B, Chandigarh. Tenant: Amanpreet Singh, of House 88, Phase 7, SAS Nagar, Punjab. Landlord mobile: +91 XXXXX XXXXX. Tenant mobile: +91 XXXXX XXXXX.

  1. Commercial proposal

The parties are discussing a residential tenancy beginning 3 April 2026 for 36 months at a monthly rent of ₹45,000 (Rupees Forty Five Thousand only), payable by the 5 day of each month. The proposed refundable security deposit is ₹90,000 (Rupees Ninety Thousand only).

Proposed escalation: 15% after every 36 months. Proposed lock-in: 12 months. Proposed termination notice: 60 days.

Routine maintenance proposal: Tenant will bear routine maintenance. Utility proposal: Tenant will pay metered consumption. Delivery condition: Unfurnished. Parking proposal: One basement car parking slot. Special commercial conditions: One pet permitted subject to society rules.

  1. Status of this letter

The agreed status of this letter is: Commercial terms are non-binding until the final lease is signed; confidentiality, access and costs clauses remain binding. Unless the selected status expressly makes the proposal binding, this letter records negotiations only and does not itself deliver possession, create a tenancy, or replace the final rent agreement or lease deed.

Questions about this document

Does the Letter of Intent to Lease a Home need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty as a preliminary record. Reworded to grant possession or conclude a lease, treat as that instrument.

Does the Letter of Intent to Lease a Home need registration in Punjab and Chandigarh?

Not compulsory — not itself a lease. s.17(1)(d) catches the eventual lease if over a year or yearly rent.

What does the Letter of Intent to Lease a Home cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Letter of Intent to Lease a Home need witnesses?

Not required unless the tenancy document adopts witnesses.

Often needed with this document

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