Quick, Affordable Online Rent Agreement
Looking to get a registered rental agreement without any hassle? Legal251 offers perfect compliance for creating rental agreements. We ensure that the agreements are drafted reviewed and are in accordance with the law. We aim to provide a user-friendly process with a secure & efficient way to organize & make formal rental arrangements.
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An oral agreement is not legally binding and one must never settle for it while renting a house. So
make your Rent Agreement with Legal251 and live tension-free!
A rental agreement is a recorded contract between the landlord/lady of the property and the tenant
taking it on rent. Surprisingly, most people ignore it, but they should not. This one agreement
includes
all the essential information, terms & conditions, and clauses that come with letting out a property
on rent.
A Rent Agreement consists of security deposits, information regarding the property, i.e., size,
address, type, and duration of the agreement, and your monthly rent. Therefore, before signing it,
you must make/read it carefully, including all the rules and clauses.
As per the Registration Act 1908, it is mandatory to register the property which is on lease for 11
months or more. And both parties need to sign it. In case of any dispute, a Rent Agreement works as
legal proof for both the landlord/lady and the tenant
So if you are new in town and moving into a rented property or you are someone renting out your
property for the first time and want someone to help you make your rental agreement, you are in the
right place then! Let us know your requirements, and the aces of Legal251 will get it done for you.
Essentials & Format of a Rental Agreement
-
Name of the Parties:
The names of the parties specifically mentioned as Lessor(landlord) & Lessee(tenant) with adequate permanent address of the respective parties in the agreement format
-
Right to enjoyment or demise:
The lease/rent agreement provides a right of enjoyment of the property to the tenant but not any ownership right to the lessee
-
Immovable property:
The Property for which the agreement is made should be immovable
-
Duration:
The Rent Agreement shall mention a statement for the duration of the lease which could vary from a year to a longer period in case the agreement is less than 11 months the agreement need not be registered
-
Consideration:
It refers to the amount that the lessee needs to pay for the enjoyment of property which is agreed between the lessor & lessee it could be in a manner specified (e.g. monthly rent or yearly rent)
-
Security Deposit:
A lumpsum amount agreed between the parties is deposited to the landlord(lessor) for the time being. In, the general course of business this deposited amount is returned at the end of the term of the lease
-
Notice Period & Terms of Renewal:
These agreements shall mention the duration before which the landlord needs to give notice to the tenant to vacate the property. Also, the terms of renewal should be mentioned, in some agreements, there are provisions for auto-renewal or no renewal. The terms and conditions for Notice & Renewal are best mentioned clearly in the lease agreement
-
Exit clause:
If in case the lessee terminates the agreement before the prescribed period then the loss suffered by the lessor is to be paid by the lessee
-
Signature and Date:
The agreement must be signed, understood & registered to make the agreement valid & enforceable
Documents required for a rent agreement
-
Identity Proof (Aadhaar card) of the Landlord and Tenant
-
Passport Size Photographs
-
List of fittings and furnishings of the property to be rented
-
Police Verification Form
-
Non-Judicial Stamp
-
Registered Rented agreement printed on stamp paper with adequate stamp duty
Advantages of Registered Rent Agreements
Legally defines (tenant & landlord) ownership rights
Strengthens one's claim over the property
Helps to safeguard the owner’s rights and interests
It gives notice to all others about the ownership of the property. Ownership becomes certain
The landlord is more secure if the agreement is registered
A Registered Lease Agreement is legally valid & provides enforceability in the court of law
Creating a Rental Agreement with Legal251
Our legal experts will review all the documents you submit to lessen the chances of incorrect or misleading information to make the process smooth.
Our best lawyers are here to help you with document requirements and registration necessities.
The respective professional will move further with your documents to apply for your Rent Agreement at the Sub-registrar's office.
Once the sub-registrar verifies all the documents, the Rent Agreement will be provided to the applicant within 3-5 working days or early.
It's recommended to wait until one of our experts contacts you to let you know your agreement has been issued.
FAQs on Rental Agreement
A Rent Agreement is a legal contract between the landlord/lady and the tenant. It leads to a relationship related to renting a specific premise for a period of time.
Rent review is the process in which the rent is reviewed every year.
A security deposit is a lump sum amount mandatory to pay under the rent agreement as a token of guarantee that the tenant will be adhering to the timeline of the rent agreement and can be used to pay for any damage caused by the renter. This amount is to be repaid (refundable) at the time of cancellation of the contract.
The rental agreement must be registered if the duration is more than 11 months.
A Residential Agreement's benefits are promoting Occupational Relationships, Liquidity, Legal Security, Immediate Effect, Suitability, Budget-Friendly, Respectable Relations and Safeguarding Unexpected Incidentals.
The components of the Residential Agreement include the Name of the tenant(s), Limits of occupancy, Terms & Conditions of tenancy, Rent Amount, Security Deposit, Repairs & Maintenance, Entry to rental/lease property, Restrictions by the landlord, Allowance of pets and any other important addition by landlord/lady.
It is the legal duty of all the landlords/ladies to get the police verification done for the tenants following the Indian Penal Code-Section 188.
Usually, the landlord can ask to vacate the premises or the tenant can leave the premises between 1 to 3 months. This clause must be clearly mentioned on the rent agreement with common consent.
No, it is not compulsory to notarize the rental agreement in India.
Yes, generally, insurance in a rent agreement includes the insurance taken out for the agreement by the landlord.
A rental agreement becomes a legal document when it is registered with the due process of law, non-registered agreements are admissible in the court of law.
The owner holds the ownership rights of the property only the right to enjoy the property within a specific time is transferred to the Tenant.
Yes, only if it is a registered rental agreement then it is admissible in a court of law.
If there is no agreement between the tenant & the landlord then it lands up in a difficult situation, the tenant could refuse to vacate the property or the owner can make the tenant evict the property without any notice.
We provide our services at your doorstep you just need to give us a call at 91 777 28 77729 or you can contact us at [email protected].
Yes, there is a basic rental agreement format but parties can make alterations in a rental agreement according to their needs & requirements permissible within the limits of the law.
We are available 24/7 through our website:- www.legal251.com or you can call us at 91 77728 77729.
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Why Choose Legal251 for online Rent Agreement
Convenient Online Registration
Legal251 provides a platform that saves your precious time & effort. The process of acquiring an Affordable Online Registered Rent Agreement with our expert team.
Best online platform
With more than 5000+ clients served we act as the biggest platform for services related to registered agreements.
Best customer support
Our responsive and helpful customer support speaks for itself becoming the driving force to deliver a fantastic experience while using our product & services which prioritize your needs and go above and beyond to exceed your expectations.
Experienced team
With providing services with more than 10 years of having a team of highly experienced legal experts your registration process will be done without any hassle.
On-time service
As we understand timeliness is crucial our readiness keeps your business in good standing & fulfills your needs and requirements.
Pocket-friendly services
Legal251’s affordable pricing & packages offer value for money and are a significant factor as we make sure our pricing is budget-friendly for our customers.
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