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How to Make Rent Agreements in Hindi | By Ishan

561,457 views October 27, 2018 14:25

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How to Make Rent Agreements in Hindi | By Ishan

What is rent 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.

To make a Rental Agreement:

1.Draft the agreement
2.Print the agreement on Stamp paper of due value.
3.The owner and the tenant should sign the agreement in the presence of two witnesses.
4.Register the agreement at the sub-Registrar office paying the appropriate registration fees.

What documents are required for rental agreement?

1.Original ownership documents (sale deed / conveyance deed etc).
2.Original Aadhar Card of Lessor.
3.Original picture ID of Lessor ( Driving Licence / Passport).

What should be the value of stamp paper for rent agreement?: The renting should be for either residential or commercial purpose. There should be a written agreement between the owner and tenant. The agreement should be printed on a Stamp paper of minimum value of Rs.100 or 200/-. Stamp duty is 1% of the total rent plus deposit paid annually or Rs. 500/- whichever is lower.

Is it mandatory to register a lease deed?: In the event of an unregistered lease deed / rent agreement that requires mandatory registration, the courts have termed the tenancy to be a month tenancy, terminable on a 15 days notice, by either of the parties. This means that lessee cannot enforce the agreed lease period on the lessor.

Is a notarized document a legal document?: A document that two or more people sign and notarize is legally binding and is one form of agreement that can be upheld in a court of law. In fact, any agreement between two parties can be enforced legally, whether the contract made was verbal or written.

Why rent agreement is only for 11 months?: Everybody is aware about the rental agreement made for 11 months. The main reason behind the 11 month agreement is to skip the registration process. According to the clause (d) sub section (1) of the Registration Act, 1908, registration of the property that is on lease for a year or more is compulsory.

Is it compulsory to get rent agreement registered?: The section 17 of Registration Act provises leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent; months requires compulsory Registration. However a lease agreement of 11 months does not require compulsory Registration.

Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All material has been used in this video under section 107 of copyright act. And credit goes to their respective owners.

Rent Agreement Formats:
1.goo.gl/QZC6UG
2.documents.lincolnsu.com/Lease_form.pdf
3.goo.gl/D9UDZo

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ISHAN LLB published this 14:25 video tutorial on October 27, 2018. It has been watched 561,457 times on YouTube.

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ISHAN LLB
Duration
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Published
October 27, 2018
Views
561,457
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