It is often a smart decision to prioritize and prefer the security of anything. The makers of lock must have been experiencing high amount of stress and tension with regards to their possessions. This lead them to inventing the lock and making the possession safe plus making themselves stress-free and tension less. Security is now a must have thing in everything. From the tiny smartphone in everyone’s pocket to the huge locker of the bank, everything is locked and secured by some type of security. It ensures that only authorized people have the access to those things and no one makes illegal use of them. Likewise, the real estate sector has its own lock. This lock is known as the rent or lease agreement. Lease agreement in India is the key to ensure that the transaction takes place seamlessly and there is no conflict or trouble while the transaction is on.  The lease agreement format in India is also a reason why it is beneficial to the parties. Here are some reasons as to why one must have a lease agreement in India:-

1. Legal protection: – the document is the guard and the custodian of all the rights and responsibilities of the parties. It is a proof that the transaction has taken place and no one can change their commitment. It is also a guarantee that the agreement is made by consensus and nothing is unknown to either of the parties. It also acts as a trigger to take and avail any of the legal facilities in India.
2. Friendly negotiator: – the agreement is a moderator and the negotiator of the conflicts and disagreements which take place between the parties. The document has everything written in it and either of the parties can refer to it without any hesitation. The document for rent agreement is more of a beam balance to the show and respect both the parties’ opinion then a mere piece of paper. It displays that the transactions and the deals can take place smoothly and both the parties have a smooth and efficient deal.
3. Prior purchase option: – the lease agreement in India can also offer prior purchase option. This option ensures that the house or the property would be offered first to the tenant for sale and then to other parties. This is a bonus as the tenant has already stayed in the house and has attained a sense of familiarity to the area, a connection to the house and the adaption of the surroundings. The purchase transaction would not be different in any way but only the tenant will be given the first choice to buy the house. He or she can refuse the offer but this may lead to disturbances in both the parties’ life.
4. Proof of details: – the document is the proof that both the parties have agreed to a specific set of laws and clauses. None of them can back off from their consent as the document has their signature. Everything takes place as per the agreement be it rent duration, amount or the process of making the lease agreement null.  The lease agreement format is the proof of these and the parties have to follow it. If both the parties have a mutual understanding for something and agree for a particular thing, then there is no problem though!

Thus, lease agreement is the lock of property and one cannot break the lock. Both the parties act as a lock and key and one cannot function without the presence of other! So be safe and always have a lease agreement!