How To Complete A Registered Rent Agreement In Maharashtra

Arentagreementisalegalcontractthatcontainsinformationabouttheproperty, thepaymentterms,andotherterms&conditionsrelatedtotherentalofaproperty. Boththerenterandthelandlordmustabidebytheterms&conditionsoutlinedin thislease.(owner).Foradditionaldetailsonthemanyrentagreementsthatare signedinIndia,checkthisarticle.

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Contrarytomanystates,whereregisteringarentagreementisnotrequiredfor rentalperiodslessthan12months,itismandatoryinMaharashtratorecordleave andlicenceagreementsregardlessoftherentallength.InMaharashtra,leaveand licencecontractsmaybecompletedforamaximumoffiveyears.Suchagreements aresubjecttothefollowingregistrationandStampDutyfees:

Stamp Duty

RegistrationCharges

Amounting to 0.25 percent of the Consideration Value* indicated in the text

Rs1,000forpropertiesinurbanareas

Rs500forpropertiesinruralareas

Thetotalrentduethroughouttherentaltimeplusthelandlord'snon-refundable securitydepositisreferredtoasthe"ConsiderationValue."Withintheboundaries ofaMunicipalCorporationareconsideredurbanareas.Ruralareasincludeallother areas.

Online Maharashtra Rent Agreement Registration Procedure

Here'sastep-by-steptutorialonhowtofilearentalagreementonlinein Maharashtra.Thisprocesscallsforawebcamandthumbscanner.

Step 1: VisittheDepartmentofRegistration&Stamps'officialwebsite. Visitthiswebsiteathttps://efilingigr.maharashtra.gov.in/ereg/ SelectthedistrictinwhichthepropertyislocatedintheNewEntryPane. Makeapasswordbyscanningyourthumbwithathumbscanner. SelectNext.

Step 2: Detailsabouttherentalpropertyshouldbeentered.SelectNext.Party Information

Step 3: Entertheowner's(landlord's)informationfortherentalproperty.

Step 4: Enterthetenant'sinformationfortherentalproperty.

Step 5: Entertheidentifier'sspecifics.(witness).Therearetwoidentifierswhose detailsmustbeentered.

Step 6: Addtherentalinformation&anyothertermsandconditions.

Onlinestampduty&registrationfeesarepayable. PresstheViewDraftDocumentbutton.Youcanviewtherentalagreementand makemodifications(ifnecessary).

Step 7: Afterreviewingthepaperthatwasgeneratedandmakingsureallthe informationwascorrect,clickExecute.

Step 8: Takeapictureandathumbimpressionofeachparty.SelectSave.

Step 9: Verifytheparties'photosandthumbprintentriesfromthepriorphases. SelectAdmission.

Step 10: ClickonVerifyeKYCafterenteringtheparties'Aadharinformation.

Step 11: SelectViewPDF.Youcanviewthedocument'sPDFversion.Checkallthe information,thenpressthe"Submit"button.

Step 12: ATokenKeywouldbegeneratedaftersubmission.Youcandownloadthe contractandpaymentreceiptsusingthistokenkey.

Maharashtra Rental Agreement: Required Documents

InordertohavearentalagreementmadeinMaharashtra,thefollowingpaperwork mustbeprovided:

 Adocumentcontaininginformationonaproperty,suchasapropertykhata orasaleagreement.

 Addressverificationfortheownerandtenant

 Identificationdocumentsfortheownerandthetenant

 Demanddraughtforpaymentoftheregistrationfeeandthestampduty amount

 Twowitnesseswhocanprovetheiridentitieswithphotos

Conclusion: Maharashtra rental agreement

InMaharashtra,arentalagreementisasignificantlegaldocumentsinceit guaranteestenantsreceivereasonablerent.Additionally,thecontractserves landlords'interestsaswell.Thelock-intimeforrent,water,power,maintenance, repair,andpetpolicyisalsomentionedinthelease.

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