The trend of renting property is increasing rapidly. From big to small cities, houses are being given on rent. Apart from earning income by giving rent, your home is also maintained. Before giving the house on rent, rent agreement is always done. The rent agreement states the terms and conditions agreed upon by both the parties and serves as proof in case of disagreement.
A rental agreement is a contract signed between the owner of the property and the tenant giving the right to occupy the residential premises for a specified period of time. It is important document by both the parties through rent agreement registration. While it acts as legal evidence in case of disputes. There are many benefits if you register the rent agreement.
Why registration of rent agreement is necessary
In such times when disputes between landlords and tenants are increasing rapidly, it is necessary to draft the rent/lease agreement and get it registered at the nearest sub-registrar’s office. Registering the rental agreement legally protects the rights of both the parties regarding future disputes.
Disadvantages of not registering the rent agreement
If the rent agreement is not registered, then the provisions of the Rent Control Act of the Central Government as well as various State Governments are not applicable. If the tenant has to give the property for more than 11 months, then all the properties have to be registered. Registration is not required in the agreement of less than 11 months.
Can rent agreement be registered online
Some cities/states provide the facility of online registration of such documents. Rent agreement should be either printed on stamp paper or e-stamp should be pasted on the first page. Online registration of rent agreement is possible in some states like Maharashtra. For this, people/landlords have to create a profile by visiting the e-filing website (https://efilingigr.maharashtra.gov.in/ereg/). After creating the profile, the user has to enter the property details like village, taluka, property type, locality, address and other available information.
How to Register Rent Agreement
Prepare a rental agreement outline with important clauses regarding security deposit, rent and maintenance. For registration, both the owner and the tenant of the property are required to be physically present at the sub registrar’s office along with two witnesses. Registration of rental agreement through an agent is not permitted.
