What is Rental Agreement?
A Rental Agreement is a contract between a landlord and tenant whereby a landlord gives a tenant the right to occupy the residential premises.
Can a Rent Agreement be for a fixed period of time?
A Rental Agreement can be for a fixed period of time, a month to month period or a week to week period. If a landlord and tenant sign a written Rental Agreement for a fixed period of time, usually for one year, they are bound by the terms and conditions until the end of the fixed term.
How many witnesses are required for the rent Agreement process?
A total of 2 witnesses are required during rent Agreement process and both witnesses should have PAN number and Aadhaar card available at the time of execution of the e-registration.
Is it necessary to Notarized Rent Agreements in India?
In India, it is not mandatory to notarize a Rent Agreement. As long as it is printed on Stamp paper and is signed by both parties and by two witnesses, it is considered binding. However, if you wish to notarize it, you may do so.
List of Documents required for Notarized Rental Agreement.
We don't require any physical document but we need some Owner, Tenant & Property basic informations.
How many days does it take for the Rental Agreement to get registered?
Once submitting all the documents it takes 1-2 working days for the document to get registered.
Mandatory to stay for 11 months if Agreement was made for 11 months?
If you are staying for less then 11 then It depends on the Rental Agreement you signed with the owner of your rented house. There might/will be a clause in the Agreement like you must stay for atleast 6months or so, if not, then some amount (generally one/two months rent) will be deducted as penalty along with other charges mentioned in your Agreement Otherwise you could always request the landlord to break the lease without major loss to both parties.
What is the difference between Lease Agreement and Rent Agreement?
A Lease Agreement is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset (property, premises). Broadly put, a lease Agreement is a contract between two parties. Rent Agreement is the tenant's (lessee's) regular payment to a landlord (lessor) for the use of that property, House, Flat or Land.