How to Make Rent Agreement In Chandigarh?

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0 August 30, 2024

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Creating a rent agreement Chandigarh involves several steps to ensure it is legally compliant and protects both the landlord and tenant. Here’s a simplified guide:

Draft the Agreement: You can draft the rent agreement yourself or use online services like NoBroker. This platform offers pre-designed formats tailored to Chandigarh’s requirements.
Include Essential Clauses: Make sure to include important clauses such as:
- Parties Involved: Names and addresses of the landlord and tenant.
- Property Details: Description of the property being rented.
- Rent and Deposit: Amount of rent, due date, security deposit, and penalties for late payment.
- Term: Start and end date of the lease.
- Maintenance Responsibilities: Who is responsible for maintenance and repairs.
- Termination Clause: Conditions under which the agreement can be terminated.
Stamp Paper: Print the finalised agreement on stamp paper. The value of the stamp paper depends on the rent amount and the duration of the lease. You can obtain stamp paper from a Sub-Registrar’s office or online.
Signatures: Ensure the agreement is signed by both the landlord and tenant, along with two witnesses.
Registration: If the rental period is more than 11 months, it is mandatory to register the agreement at the local Sub-Registrar’s office.