How to make Online Rent Agreement in Maharashtra?
Online Rental Agreement or leave and Licence agreement registration in Maharashtra is easy three step process.
Step 1. Drafting and freezing of rent agreement. (1 day or Same day)
Step 2. Aadhar based Biometric Verification (1 day or same day)
Step 3. Registration Stamping and Delivery .
Detail Information about Online rental agreement or Leave and Licence agreement.
IGR depart of Maharashtra has started a novel initiative for e Resignation of Leave and Licence Agreement. That complete process of registration of Leave and Licence agreement if rental agreement can be done online
Department of Maharashtra for registration of leave and licence agreement. The complete process of registration of leave and licence agreement that is rental agreement can be done online. This is a Aadhaar based system.
First step for online rent agreement registration: Drafting - create a draft on legaldocs.co.in. Drafting is a very important step of any rent agreement. There are many important clauses to be taken care of in the drafting.
Clause 1 : Landlord and Tenant Details. In the drafting process you have to mention who is landlord who is tenant and their respective national identity period you have to specifically mentioned Aadhar card and pan card of landlord and tenant into rent agreement along with residential address.
LandLord Details are as follows:
Tenant Details are as follows:
Commercial Clause 2 : Rent Amount. next most important clause in rent agreement is monthly rent amount. One has to explicitly mention monthly rent amount in rupees tricky part here is you also have to mention whether rent is paid in advance or in arrears. Many people forgot to mention this clause and get into an argument whether rent is paid in advance or Arrears.
Clause 3 : After mentioning rent amount 1 has to mention deposit amount. Deposit amount is a security deposit paid by tenant to landlord. There are two types of security deposit. First type of security deposit is refundable security deposits refundable security deposit is refunded after 20 hour of rental is over this security deposit is taken against security of property if tenant damages the property more than normal wear and tear then amount will be deducted in proportion to damage made by tenant to the property refundable deposit varies from agreement to agreement period typically security deposit is 2 to 10 times of monthly rent amount. Average and Mean security deposit amount is 5 times the rent amount in Mumbai and Pune region. Second type of deposit is non refundable deposit. This amount of deposit is not refunded after tenure is over usually this kind of deposit that is non refundable deposit is a part of commercial rent agreement.
Clause 4 : Period of licence: Period of rent agreement is the specified tenure of rental agreement or leave and licence agreement. Usually when your drafting of leave and licence agreement tenure is 11 month. If rent agreement tenure is more than 11 months then variable rent need to be mentioned in the agreement, example suppose agreement is for 22 months then for first 11 months rent will be 20000 and for next 11 months there will be predefined increment in rent, usually increment in rent is 5\\% to 10\\%, that is for next 11 months rent will be either 21000 or 22000 this you have negotiate before getting into an agreement.
Clause 5 : Maintenance and utility charges it has to be explicitly mentioned who will pay the society maintenance amount and utility charges amount. Under utility charges electricity, water bill, club house charges, security would be covered.
Clause 6 : cancellation and notice period it is important to discuss notice period time and cancellation process notice period is usually 10\\% of overall tenure. For 11 months agreement notice period is usually one month. Either party can cancel the agreement by giving notice of One Month in 11 months agreement.
Clause 7 : Lock in period. This is most important Clause in terms of cancellation of agreement. Both parties cannot cancel or terminate the rent agreement in period of lockin. If either party terminate the agreement in lock in period then pre decided penalty will be levied on that party. One has to be careful while setting lock in period there can be unforeseen penalties due to lock in period clothes.
Clause 8 : Representations. Rent agreement forever licence agreement also should cover representations by landlord that is licensor antenna that is licensee representation note down responsibilities and behavioral atticates landlord and tenant respective responsibilities towards financial transition property management and behaviour in society at large.
Clause 9 : Miscellaneous classes there are many other processes which can be noted into any rent agreement things like parking area eating preferences can be mentioned into rent agreement.
This is all about drafting for Rent Agreement.
Sample agreement for rent agreement or leave and licence agreement is can be downloaded here Registered Rent Agreement.
Step 2 is Biometric Verification.
Earlier both parties had to visit local sub registrar office for verification and signing documents in front of sub register. Now in the period of digital india one can sign document with the help of aadhar card. Aadhar card of the party is verified with the use of biometric verification any one finger of the party is match with aadhar card data and verification for that party is confirmed by aadhar authorities. For e-registration, aadhaar is mandatory if either party does not have aadhar card then parties has to visit sub register to prove their identity.
Biometric verification can be done from anywhere in the world.
Legaldocs has Centres at Mumbai, Navi Mumbai, Thane, Pune, Delhi, Noida, Chennai, Hyderabad, Bangalore. If your city is not covered in this list then please consult rent agreement expert at 9022119922.
Biometric verification for NRIs : For ease of renting legal docs has unique service for NRI. A biometric device is courier to any location in the world and technical assistance is given to configure the biometric device and get biometric verification done based on aadhar.
Power of Attorney : Many landlords give power of attorney for operations of leave and licence purpose. Power of attorney is instrument to give certain rights to correlative lawyer or a third party service provider for maintenance and taking care of property power of attorney must have property description, write for leave and licence agreement and period for which power of attorney is given in a nutshell if you are anywhere in the world and looking to get rent agreement registered through legal docs you are covered.
Step 3 is Registration and Delivery :
once the biometric is done for registration of rent agreement or leave and licence agreement, then submitted along with proper stamp duty and registration fees to sub register for approval. Sub register office check the authenticity biometric verification and stamp duty paid. If everything is right duly signed and stamped registered rent agreement is send over email. As a registration facility is completely online physical copy is not generated for registered document.
If you have any confusion, one can always approach rent agreement consultant at legaldocs.co.in. Legaldocs is very professional and helping in nature. Help Line Number is 9022119922.
After e-Registration of Leave and Licence Agreement, Tenant Police Intimation also known as police verification should be done as well.
Police intimation is a mandatory process for tenant moving in into new premises motive behind police information is 2 hour area local police that this new people are shifted into their jurisdiction. This police information help curving criminal activities in the area. Police intimation or police verification help landlord to know there are 10 and better also it helps tenants to seek help from police in case of emergency.Apply Rent Agreement
How to register rent agreement online?
1. Visit LegalDocs rent agreement registration portal.
2. Log in and fill an online form and also you can add the clauses if required.
3.Once the draft is ready and both parties confirm on terms, book an appointment for your biometric verification.
4.LegalDocs representative will verify landlord and tenant identity with Aadhaar number along with 2 witnesses. Once verification is completed, you will get your registered agreement within 3 working days.