He said that all buildings that did not have a lease would have one year to get one based on the consensus between the landlord and the tenant. An arbitration committee will be established to resolve disputes in this area. A rental contract is a legal document defining the prescribed conditions for the rental of the leased property to be respected between the contracting authority and the tenant. Although the relationship between the client and the tenant is cordial most of the time, it is good to have a written lease when the relationship becomes furious or marred by complaints and misunderstandings. One of the most common features when entering into a real estate rental transaction in India is the prevalence of the 11-month lease or licensing agreements.