Registered Rent Agreement for hassale free leasing
A Registered Rent Agreement holds paramount significance for both landlords and tenants. First and foremost, it is a legally binding document that outlines the terms and conditions of the tenancy, offering protection to all parties involved. This legal backing ensures that the rights and responsibilities of both landlords and tenants are clearly defined, reducing the potential for disputes and conflicts.
One of its most notable features is its wide acceptance as a valid proof of tenant’s address. Government institutions and agencies such as the RTO, Passport Office, and Aadhar authorities commonly recognize a Registered Rent Agreement as a legitimate address proof. This recognition is invaluable for tenants, as it facilitates numerous official processes and formalities, making it an essential document for individuals seeking to establish their residence.
Rent Agreement Registration Process
Documents required for registering Rent Agreement in Maharashtra
- Index 2 paper or Electricity Bill in name of owner
- Aadhar with Address and Pan Card of Owner/Owners
- Aadhar card with Address details of minimum two witnesses which can be family members, relatives or friend.
- Rental details like Monthly rent, Start date of Agreement, Deposit Amount and License Period in Months
- Appliances and Furniture already available in Licensed Premises
- Transaction ID and Date of transaction is required.
Why is the Rent Agreement for 11 months?
This type of rental agreement is widely prevelant in India. Usually, a house rental agreement spans a fixed term of 11 months to circumvent specific regulatory obligations outlined in the Indian Stamp Act. These agreements don’t mandate registration and are favored for their simplicity and shorter duration of commitment. Upon expiration of the term.
Extending from 1 to 3 years, these leases usually require registration with the relevant governmental body to ensure legal compliance. There’s an emerging pattern of extended leases for plots in the vicinity of Chennai, driven by individuals and families seeking secure and enduring accommodations, especially children attending educational institutions
Commercial leases are for renting spaces like offices, shops, and factories. They usually last longer, around 3 to 5 years, because setting up these spaces requires a lot of investment. In India, these leases have to be registered because they last longer than 11 months, unlike simple rental agreements. They have more detailed terms and conditions
The PG trend is particularly prevalent in Indian metropolises with considerable potential for housing working professionals and students while yet allowing for convenient access within the city, such as Bangalore, Chennai, and Mumbai. Usually
In Tamil Nadu, particularly in cities like Chennai (especially plots in Redhills), it’s a favored option compared to conventional leases. This agreement doesn’t confer any property ownership to the tenant but grants them the right to utilize the premises for a fixed duration,
These agreements enable tenants to lease a property with the possibility of buying it at the end of the rental period. The terms encompass the rental duration, the purchase amount, and a fraction of rent payments that count towards the purchase price.
Why Choose SmoothRun
The application usually takes less than 30 minutes to prepare, and takes up to 48 hours to process.
Data privacy is the upmost priority for us. The data will be deleted after the process.
Reasonable fees, and transparent pricing structure for both residential and commercial agreements.
We are in this business for over 5 years, and very well know the minute details of the registration process.
What our Client's Say
SmoothRun is used by hundreds of founders to start, operate and grow their business.
We are Pune’s one of highest rated service provider, we are known for completing Business incorporations and other compliance services in record time.
Vrushali Yevle
“
Kunal Singh
“
Prashant Jagtap
“
What our Client's Say
SmoothRun is used by hundreds of founders to start, operate and grow their business.
We are Pune’s one of highest rated service provider, we are known for completing Business incorporations and other compliance services in record time.
Vrushali Yevle
“
Kunal Singh
“
Prashant Jagtap
“
Frequently Asked Questions
No, hard copy documents not required.
(a) you can send documents via Whatsapp or email to process faster.
(b) You can fill the online form
Two witnesses are required, and they must have an AADHAR card.
Yes, we can help you register rent agreements for both residential and commercial properties.
According to the Registration Act, rent agreements exceeding 11 months in duration need to be registered. Since registration is involved, you can indeed opt for a duration longer than 11 months. However, please be aware that there is a maximum limit of 60 months (5 years) for such agreements as per the rules.
Yes, we can assist you with the renewal or extension of your rent agreement when the current agreement expires.
The renewal process would be the same as starting a fresh agreement, as there is no separate process for renewal.
Yes, as per government regulations, biometric verification is mandatory for all parties for the registration of rent agreements.
