Original copy of ownership proof or a copy of the title to the property
A rent agreement is a legal contract that specifies the property's features, financial consideration, and other terms and conditions related to the rental transaction. Both the tenant and the landlord are bound by the terms and conditions of this rental agreement (owner).
A registered rent agreement is printed on stamp paper and registered with the area's sub-registrar. It's probably similar to registering a home selling agreement. The registration process can be completed online or offline at the sub-office.
If the rental period is more than 11 months, a rent agreement must be registered. When you register a rent agreement, you must pay stamp duty and registration fees based on the amount of rent stated in the contract. These fees vary from state to state, and some states offer stamp duty exemptions for women.
If a document is required to be registered but is not, the document becomes ineffective. The following are some of the implications of not registering:
Unpaid rent is difficult to recoup.
It is difficult to sell the property.
There is no right or interest created by the document.
Fraud and forgeries are more likely to occur.
Misappropriation risks are higher.
In a court of law, the paper is not admissible as evidence of the specific transaction.
Registration of a document aids in property transaction discipline. The registered document is legally enforceable, and any breach of its terms and conditions will result in legal action. The following are some of the advantages of registering
Original copy of ownership proof or a copy of the title to the property
Two Passport Size Photographs (Tenant, Landlord, And Two Witnesses)
Aadhar Card
A Government Authorized ID Proof (Voter ID, Passport, And Driving License)
If The Tenant Is A Registered Company, There Is A Need For An Authorization Letter From The Company. It Should Validate The Right To Register The Lease If Needed.
