What Is Rent Agreement Registration

If you want to register the deal in person, you can go through your broker if you have one. He will make an appointment at your sub-registrar office and prepare a standard lease. You and your landlord can also do this here if you wish. The good thing about registering through a broker is that you have support every step of the way, especially when it comes to the required documents and the fees you have to pay. That is, you have to pay the broker a fee in exchange for these services. In order to save costs, tenants and landlords sometimes enter into a verbal agreement on the lease and avoid the execution of a lease. Sometimes they also document the agreement and set the terms regarding the rental, but decide not to save the document. This is because both parties are responsible for paying the registration fee when a rental agreement is created and registered. The landlord is also required to declare his rental income as soon as the rental agreement is legally valid. However, entering into a lease without registration is illegal and could prove to be a risky venture for both parties, especially in the event of future litigation. You can register your lease in 3 simple ways, depending on what you find convenient. Take a look at what they are below.

Click here to check the format of a rental agreement in English. Until a rental agreement is registered with the sub-registration office, it has no legal validity. It is up to both parties to draft and register an agreement with specific conditions. After concluding the rental agreement, the owner must print it on stamp paper. Once the tenant and landlord have signed the documents in the presence of two witnesses, they must register them with the Deputy Registrar after paying the required fee. The bill also provides that tenants who extend their stay in rented accommodation as mentioned in the agreement are required to pay twice the rent for the first two months and four times the rent in the following months. In addition to the above stamp duty fee, Rs 1,100 must also be paid for the registration fee. .