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Home / Legal / Rent Agreement / How to Make Rent Agreement in Greater Noida?
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How to Make Rent Agreement in Greater Noida?

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Greater Noida
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0 2024-11-08T12:52:07+00:00
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Creating an online rent agreement Greater Noida involves a few key steps, including drafting the agreement, paying the required stamp duty, and so on. By following the below steps, rather than scheduling many meetings to finalise a rent agreement, tenants and landlords can do so online from the comfort of their own homes. Here’s the process you can follow:

  • You can draft the agreement yourself, use online templates, or hire a lawyer to draft it for you.

  • The agreement should include:

    • Names and addresses of both landlord and tenant.

    • Description of the property (address, type, etc.).

    • Rental terms (monthly rent, security deposit, maintenance charges, etc.).

    • Duration of the lease (usually 11 months for residential purposes).

    • Conditions for renewal after the lease expires.

    • Responsibilities for utilities and maintenance.

    • Exit clause or notice period for termination.

    • Penalties for delayed payment or damages to the property.

  • Once the draft is prepared, both parties should review it and make necessary adjustments.

  • You can pay stamp duty online via the Stock Holding Corporation of India Limited (SHCIL) website or at a local e-stamping centre.

  • If you choose to register your agreement, visit the local sub-registrar’s office with the landlord, tenant, and two witnesses.

  • You must have original and photocopies of the rent agreement, ID proof of both parties and witnesses and recent passport-size photos of both parties.

  • The registration fee in Uttar Pradesh is usually 1% of the total rent plus security deposit, subject to a minimum fee. Pay that.

  • Finally, both parties must sign the final agreement.

I hope you understand how to make rent agreement in Greater Noida.

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