Notarized Rent Agreement

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What is Notarized Rent agreement

Initially, the word “Notary” was known as a “Secretary” and later on it is termed as a person who can sanction a permission.

The notarized rental agreement is made under the guidance of a “public officer” or a “notary public” who authenticates the document. A notarial rent agreement is made for an immovable property by the tenant or the owner.

The notarized rental agreement form is not binding and generally, they are made for mutual understanding. They can be easily printed on stamp paper and shown to the public officer, he just needs to verify it and confirm.

Process for Online Notarized Rent Agreement

Easy Three Step Process to make notarized rent agreement.

step1

Drafting:
Log in to LegalDocs.co.in and answer few easy questions to start drafting notarized lease agreement sample, by filing details of Landlord, tenant and property. Your draft of rent agreement will be ready automatically.

step2

Signing:
Both parties will sign the document digitally from anywhere in the world.

step3

Notary and Delivery:
Signed document is notarized and delivered to customer in hard copy.

Notarized lease agreement form can be drafted within 1 to 2 working days from anywhere in the world using legaldocs technology

Documents required ForNotarized Rent Agreement

OwnerTenantWitness
Aadhar CardAadhar CardAadhar Card
Pan CardPan Card
Ownership proof (Sale agreement)

When to make Notarized Rent Agreement

  • When you need the agreement instantly
  • If the agreement duration is for 11 months
  • Notarized agreements are made only for mutual understanding between the tenant and the owner.

Charges to get rent agreement Notarized

The rent agreement notary can be done on 100 Rs stamp paper as well as on 500 rupees stamp paper, but the stamp paper may vary according to the rent which means if the rent is below Rs 15000 then we can use 100 rupees stamp paper and if the rent is above Rs 15000 then we have to use 500 rupees stamp paper.You can use our calculator to calculate charges for individual case.

Our service provides an option to do your agreement from the comfort of your home. You won’t need to visit any office or advocate. Our executive will visit your home and notarized rent agreement will also be delivered at your home.

Advantages of Notarized Rent Agreement

  • Stamp Duty of rent agreement paid is low in the notarized rent agreement.
  • Written proof the rental agreement between landlord and tenant.
  • Notarized rent agreement is accepted as proof of residence in maximum states of India.
  • In Case of dispute between Landlord and tenant, Notarized rent agreement will be used to resolve issues outside court.
  • As registration of rent agreement is not easy and digitised yet, notary agreement is prefered across India except Maharashtra state, where registered rent agreement is completely online.

What is Notarized Rent Agreement Format

Notarized rent agreement Format generally has 12 clauses which are fixed by Government of Maharashtra as per Maharashtra rent control act 1999.

  • These clauses of registered rent agreement format covers following points
  • Details of Landlord ,Tenant and Property
  • Details of Commercials as rent, deposit, penalty and date of payments.
  • Responsibilities of Landlord and Tenant.
  • There are few Important clauses as Lock - in Period and Maintenance Payment Clauses.
  • Miscellaneous Clauses - With the Help of LegalDocs draft one can add many important clauses which are not covered in registered rent agreement format.

Notarized Rent Agreement FAQs

What is the purpose of making notarized rent agreement?

Notarized rent agreement is made for mutual understanding between the tenant and the landlord.

What are the charges for notarized rent agreement?

The charges can be calculated on the calculator provided on LegalDocs website.

How to get notarized rent agreement in Pune?

LegalDocs is a leading service provider all over the world. It is very easy to make a notarized rent agreement with LegalDocs in Pune.

For how long we can make notarized rent agreement?

Notarized rent agreement can be made for the period of 11 months.

Which one is more secure Registered or Notarized?

The selection of rent agreement totally depends on you and for what purpose you are making the agreement, such as, a) For mutual understanding Notarized rent agreement is made. b) Registered rent agreement can remain as a legal proof for any purpose.

What is difference between Registered Rent Agreement and Notarized Rent Agreement?

When a rental agreement is registered, a copy of that rent agreement which is signed by all three parties i.e. Landlord, tenant and Sub Registrar officer, is preserved with Government database. It can be used as a proof of rental agreement transaction in the court of law in case of a dispute between landlord and tenant. Registered rental agreement safeguards the rights of Landlord and Tenant, makes both parties accountable for their actions. Notarized rent agreement is only documented with Notary Public and government does not have copy of rental transaction, Notary agreement is valid proof in the court of law as rental transaction proof. As per rent control act, all rental agreement must be registered rent agreement only.

What happens if I rent without a Notarized agreement?

If you rent a property without a notarized agreement there will not be any proof of rental transaction between Owner and Tenant. In case any dispute happens between the owner and tenant , it can’t be solved through court as there won’t be any proof of rental transaction.If you don’t want to make a notarized rent agreement you have other option of making a registered rent agreement.

What will be the notice period for Notarized Rent Agreement?

One month is the notice period for notarized rent agreement.

How many witnesses are required for Notarized Rent Agreement?

Two witnesses are needed to make a Notarized Rent Agreement.

How many days does it take for the rental agreement to get Notarized?

One day is enough at max two, to process a notarized rental agreement through LegalDocs.

What is the notary charges for rent agreement

The charges depends on the rent and the stamp paper which is chosen for notarized lease agreement. The stamp charges are 100 for the rent of the property which is below 15000 and 500 rupees for the property whose rent is above 15000 rupees.

Which of the notary public are near me and open now?

You don’t need to worry about the notary public if you make your agreement LegalDocs as we provide the doorstep service to the customers.

How is notarized agreement template?

The template contain entire details of the property and the details of the owner and the tenant as well as there are clauses and norms specified on the agreement.

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