Skip to main content

How To Register Rent Agreement In India- Enterslice

Register Rent Agreement in India
Rent Agreement in India

A rental agreement is an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a said period of time. Also called a rent deed and lease deed, a rental agreement contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term.

Why should you register a rent agreement?

A registered rental agreement is one of the most important parts of a landlord-tenant relationship. Not only does it foster the relationship between the two parties but it also protects their rights. Further, it informs others about the ownership of the property. The landlord/tenant should never settle for an oral agreement since it is not bound by law and therefore, should always insist on executing a written agreement.

Another key benefit of registering a rental agreement is that it acts as legal evidence and can protect the landlord from any legal dispute in the future. When a deal involves a large asset like a home, the landlord needs a document that protects him/her legally in case of any dispute or opposition from the other party in the future.

Here is the Rental Agreement Format shared for the reference:

Rental Agreement – Sample format

When to register the rent agreement?

According to the Registration Act, 1908, applicable to all states, (except Jammu and Kashmir), a ‘lease’ includes all entities such as residential property, commercial property, undertaking leased for cultivation, hereditary allowances, fisheries, ferries, rights to ways, lights and any other benefit arising out of the land (excluding timber or crops cultivation). All these properties should be registered if they are leased out to a tenant for a period of more than 11 months. A rent agreement that lasts only for 11 months does not require registration.

How to register the rent agreement?

rent agreement registration visits to the nearest sub-registrar’s office for registration. However, it is important to keep a track of time when the deed was created. The registration must be made at least four months before the date of deed expiration. After this, a fresh deed has to be created. This is applicable to all legal documents mandating registration barring a property will.

To register the deed, both the parties - tenant and the landlord should be present along with two witnesses for attestation. If both the parties are not present at the same time, he/she must sign the Power of Attorney, granting attorney the rights of agreement closure.

What are the documents required for rent agreement registration?


  • The original proof/evidence of ownership or title of the property
  • Property documents such as Index II or tax receipt of the property to be leased
  • Two photographs of each of the parties and one of each of the witnesse
  • Copy of the address proof of both the parties and witnesses. Passport, Aadhar Card, Ration Card, Bank Passbook or Driving License, any of them can be submitted as the address proof.
  • Route map of the property leased out

What are the registration charges?

An amount of Rs 1,100 is to be paid for the registration of the rent agreement. The fee is regardless of the rental amount or property value. Stamp duty charges are also applicable.

For instance, in Delhi, stamp duty charges for a property rented out for a period of 5 years is 2 percent. Similarly, a 3 percent stamp duty is levied on properties leased out for more than 5 years but up to 10 years.

Create a rent agreement in a few minutes. Now get Notarized rent agreement service at your doorstep in India through Enterslice

Comments

Popular posts from this blog

What you must know when making a gift deed - Enterslice

Gift Deed WHAT IS GIFT DEED A Gift Deed is a legally binding document that is used when one person wants to transfer a gift to another person without the exchange of money. The person who is giving the gift(owner) is called a donor and the person who is receiving the gift(receiver) is called as donee. What are the benefits of a Gift Deed?  A Gift Deed records the transfer of property to the donee.  The complete details of the property and the details of the parties to the transaction make this document a legal proof to the title of the property.    A Gift Deed is of evidentiary value before the Courts in event of any future disputes that may arise.  A Gift Deed serves as legal protection to the parties in event of any disputes that may arise in the future.  The written agreement makes the entire transaction smoother for the parties and without a glitch. What are the essential elements of a Gift?  A transfer which is defined as conveying of property;  Voluntary

What Is a Will and Why Do I Need One Now?

Will Agreement A will agreement is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. If you die without a will, those wishes may not be followed. Further, your heirs may be forced to spend additional time, money, and emotional energy to settle your affairs after you're gone. Will document vary in their effectiveness, and none is likely to resolve every issue that arises from your death. Here's what you need to know about these vital documents. A Written, Witnessed Will Is Best To maximize the likelihood that your wishes will be carried out, create what's known as a testamentary will. The most familiar type of will, this document is prepared by the person whose assets are being dispersed and is signed by them in the presence of witnesses. It's arguably the best insurance against successful challenges to your wishes by family or business associates after you die. Importance of Will pl