Rental agreement is the most common type of agreement used; generally short term tenancy, that is minimum of 11 months is termed as rental agreement and for long term it is termed as lease agreement. Rental agreement is executed on e stamp paper between the first party, owner of the property, who is letting out the house or a flat and second party, the tenant, (company) who agrees to take on rent. It is a good practice to mention specifically all the terms and conditions, generally like tenant is not allowed to sublet, has to bear all the damages if any, if mutually agreed to renew the agreement. There will be usually be 10% increase in the rent for the next 11 months. Usually the cost of documentation (e stamp paper and typing) will be borne by both the owner and the tenant.