As a lawyer, I can tell you what is registered rent agreement. Simply put, a registered rent agreement provides greater legal protection because it is filed with the sub-registrar's office. This is critical for long-term or expensive leases since it ensures that the agreement is enforceable in court and legally binding.
What does Registered Rent Agreement Means?
A registered agreement provides solid proof of the rental terms and is recognised by the courts. It offers greater security to both landlords and tenants. Under the Registration Act of 1908, rent agreements lasting 12 months or more must be registered. In the case of a dispute, the document will not be enforceable without this.
To register it, both parties must visit the sub-registrar's office with identity proof and property documents. The agreement is signed in front of witnesses and registered after paying the required fees.
A registered agreement protects tenants from illegal evictions and landlords from unauthorised occupations. All key terms are officially documented, reducing the chances of disputes.
Registration involves stamp duty and fees, typically split between the landlord and tenant.
A registered rent agreement provides stronger legal backing, especially for long-term or high-value leases, and reduces the risk of fraud or legal disputes.
By registering the agreement, both parties secure legal protection and clarity, helping to avoid potential conflicts down the road. I hope you found this information useful.
Get Your Rent Agreement Drafted Online as per Template with NoBroker Rent Agreement Service.Read more:
What is the preferred notarized rent agreement or registered rent agreement?
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The agreement which is printed on stamp paper with all the necessary details related to renting a property is what is registered rent agreement. The registration of sale agreement and rental agreement is similar. The rent agreement is a contract between the landowner and the tenant.
What is registered rent agreement in India?
Generally, a rental agreement has all the details such as:
Information of tenant and landlord
Duration of Tenancy
Rental and Premium Charges
Maintenance Charges
Payment of Bills and other charges
Notice Period
Lock-in Period
List of fixtures
Limits on sub-letting
Alternation of premises
Activities that are prohibited
Signatures and Registration
Mode of Payment
Rental Period
Lease Period
For registration of rent agreement you will require documents such as:
Address Proof landlord and Tenant which includes Photocopy of passport, Aadhar, driving licence, etc.
Identity Proof such as PAN or Aadhar Card
Copy of title deed is required from the owner of the property to establish the ownership details.
Tax receipt
Two passport-sized photographs of the tenant and the landlord.
Rent agreements are signed between the landlord and the tenant for a minimum of 12 months. To avoid any miscommunication or discrepancies both the landlord and the tenant must register a rental agreement.
How to register rental agreement online?
Now, you can visit the sub-registrar office to register the rental agreement, or you can do it online. I feel the online process is easier. I needed to relocate to Bangalore and I was able to register a rental agreement using NoBroker rental agreement services and the process was seamless.
I just needed to fill in the details and submit the required documents online. Afterwards, NoBroker printed the details and the agreement on a legal stamp paper. They were kind enough to deliver the agreement to my place.
Try NoBroker rent agreement services and register your rent agreement online at the lowest price! Check out now.This was all about what is registered rent agreement in India in a nutshell. I hope you find this helpful.
Read more:
What Documents Are Required For Rental Agreement?
What Is The Difference Between A Notarized Agreement And A Registered Agreement In A House Rental Deal?
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Rent agreement is a legal document that holds the information of rent that the tenant is required to pay. It is mandatory to register the rent agreement before moving in any property for the tenant and for the owner. There is a certain amount which must be paid to register a rent agreement. Now the question arises what is a registered rent agreement cost.
What is registered rent agreementAs per
Registration Act, 1908 any agreement which is longer than a year that rent agreement requires registration at the sub registrar office.
How to register rent agreementVisit the registrar office for rent agreement registration.
For rent agreement registration both parties should be present at the sub registrar office.
Then both the p[arties are required to sign the agreement deed.
3 percent stamp duty is levied on properties leased for the properties which are leased for more than 5 years. The registration cost depend as per the location and the amount of rent
Hope you find this answer useful and your query is resolved about
what the registered rent agreement cost by reading this answer.
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What is registered rent agreement?
Deepak Jha
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3 Answers
3 Year
2021-07-13T16:40:24+00:00 2021-07-14T12:26:29+00:00Comment
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