{"id":49579,"date":"2021-02-13T18:44:04","date_gmt":"2021-02-13T13:14:04","guid":{"rendered":"https:\/\/navimumbaihouses.com\/blog\/?p=49579"},"modified":"2021-03-20T11:52:54","modified_gmt":"2021-03-20T06:22:54","slug":"rent-agreement-documents-stamp-duty-e-stamping","status":"publish","type":"post","link":"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/","title":{"rendered":"Rent Agreement &#8211; Documents , Stamp Duty , e-Stamping"},"content":{"rendered":"<p>Since homeownership may sometimes be inconvenient or unaffordable, a majority of the migrant working population in India\u2019s in metro cities live in rented houses. For this, the tenant signs a rent agreement with the owner, which includes the terms and conditions that shall be binding on both parties.<\/p>\n<h3><span id=\"Documents_needed_for_rent_agreement_registration\"><strong>Documents Required for Rent Agreement\u00a0<\/strong><\/span><\/h3>\n<table style=\"height: 291px;\" width=\"638\">\n<tbody>\n<tr>\n<td width=\"319\">\n<h3><span style=\"color: #3366ff;\"><strong>\u00a0 \u00a0 \u00a0 <span style=\"color: #0000ff;\">Landlord<\/span><\/strong><\/span><\/h3>\n<\/td>\n<td width=\"319\">\n<h3><span style=\"color: #0000ff;\"><strong>\u00a0 \u00a0 \u00a0 Tenant<\/strong><\/span><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"319\">\n<ul>\n<li>Two passport-sized photos.<\/li>\n<\/ul>\n<\/td>\n<td width=\"319\">\n<ul>\n<li>Two passport-sized photos.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"319\">\n<ul>\n<li>Aadhaar card.<\/li>\n<\/ul>\n<\/td>\n<td width=\"319\">\n<ul>\n<li>Aadhaar Card.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"319\">\n<ul>\n<li>Identity Proof<\/li>\n<\/ul>\n<\/td>\n<td width=\"319\">\n<ul>\n<li>\u00a0Identity Proof<\/li>\n<\/ul>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><span id=\"Stamp_duty_on_rent_agreement\" style=\"color: #000000;\"><strong>Stamp Duty on Rental Agreement<\/strong><\/span><\/h3>\n<p>You have to pay a stamp duty while registering the rent agreement, which will vary, depending on the city where it is registered. This amount is paid, by purchasing the stamp paper of value you owe to the government. In Maharashtra, leave and license agreements are required to be stamped, with a flat stamp duty rate of 0.25 percent of the total\u00a0<b>rent<\/b>\u00a0for the period.<\/p>\n<h3><span id=\"Draft_model_tenancy_act\" style=\"color: #000000;\"><strong>Draft Model Tenancy Act<\/strong><\/span><\/h3>\n<p>To promote rental housing in India, the government has formulated a draft policy,\u00a0the Draft Model Tenancy Act, 2020,\u00a0to make the transaction beneficial for both, landlords and tenants. The provisions laid under this model policy, are intended to serve as guiding principles while drafting a rent agreement. According to the union housing secretary, the policy, which is likely to replace the existing laws on rental housing across India soon, will unlock over one crore units in India\u2019s rental housing markets.<\/p>\n<h3><span id=\"Penalty_for_delay_in_rent_payment\" style=\"color: #000000;\"><strong>Penalty On Delay in Rent\u00a0<\/strong><\/span><img class=\"alignnone size-full wp-image-49717\" src=\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-6.png\" alt=\"Rent Agreement Penalty\" width=\"100%\" srcset=\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-6.png 810w, https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-6-300x167.png 300w, https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-6-768x427.png 768w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/><\/h3>\n<p>The draft law also states that tenants extending their stay in rented accommodation as mentioned in the agreement ,will be liable to pay double the rent amount for the first two months and four times the rent in the subsequent months.<\/p>\n<h3><span id=\"Rent_hike\" style=\"color: #000000;\"><strong>Rent Hike<\/strong><\/span><\/h3>\n<p>Under the provisions of the\u00a0Draft Model Tenancy Act, 2019,\u00a0landlords cannot implement any hike in the pre-fixed rent for the entire period for which a rent agreement has been signed. If the rent agreement expires after 11 months, for example, the landlord cannot hike the monthly rent during this period. It is only after this period and at the time of the registration of the new rent agreement that the landlord is legally empowered to effect a hike in rate, typically not exceeding 10% of the existing amount. Also, the landlord will have to give three months\u2019 notice to the tenant, before increasing the rent according to the draft act.<\/p>\n<h3><span id=\"e-stamping_of_rent_agreement\" style=\"color: #000000;\"><strong>What is the e-stamping of the Rent Agreement?<\/strong><\/span><\/h3>\n<p>In some states, where the e-stamping facility for rental agreements is available, you do not have to physically buy the stamp paper. You can log on to the Stock Holding Corporation of India Ltd (SHCIL) website and check, if the state where you reside offers this facility. Presently, Assam, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, Delhi-NCR, Tamil Nadu, Uttarakhand and Uttar Pradesh, allow e-stamping of rent agreements.<\/p>\n<h3><span style=\"color: #0000ff;\"><strong>Frequently Asked Questions About Rental Agreements<\/strong><\/span><\/h3>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-49718\" src=\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-7.png\" alt=\"F A Q\" width=\"810\" height=\"450\" srcset=\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-7.png 810w, https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-7-300x167.png 300w, https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-7-768x427.png 768w\" sizes=\"(max-width: 810px) 100vw, 810px\" \/><\/p>\n<p><strong><span style=\"color: #0000ff;\">QUE \u2013<\/span> WHY RENTAL AGREEMENT IS MADE FOR 11 MONTHS?<\/strong><\/p>\n<hr \/>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong><\/span> Rental Agreement for 11 months is made to avoid the Strict Rental Law which applies for the Lease up to 12 months, that is why also the One Month in the count of 12 months is considered as the month of Notice Period Serving by the Owner.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE \u2013 <\/span>HOW TO PRINT RENT AGREEMENT ON E-STAMP PAPER?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong><\/span> Start printing the Rent Agreement below the line on the e-stamp paper and mention\u00a0<strong>Continued to page 2<\/strong> and attach other pages of Rent Agreement giving the Page Numbers. While giving the Page Number consider the Stamp Paper Page as Page Number 1 and mark other numbers of the page accordingly.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0\u2013<\/span> IS IT MANDATORY TO INCLUDE THE DETAILS OF ALL THE TENANTS WHILE DRAFTING THE RENT AGREEMENT?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong><\/span> Yes, it&#8217;s highly recommendable to include the Details of all the Mature Tenants. If you will not include the details of all the Tenants then the terms and conditions mentioned in the Agreement will not be applicable to all the Tenants which can cause problems in the future.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0\u2013<\/span> WHICH ONE IS MORE SECURE, NOTARIZED RENT AGREEMENT OR REGISTERED RENT AGREEMENT?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong> <\/span>Registered Rent Agreement is more secure, however, the case depends on these two points-<\/p>\n<ul>\n<li>If the Agreement is making for 11 months then notarizing it with Notary Public is sufficient and Valid.<\/li>\n<li>If the Agreement is making for above 11 months then it is recommended to make it register as the validity for Notary Attestation is for 1 year in case of Rent Agreement.<\/li>\n<\/ul>\n<hr \/>\n<p>Are you looking for a\u00a0<a href=\"https:\/\/navimumbaihouses.com\/property\/search\/rent\/kharghar\/\">room on rent in Kharghar?\u00a0<\/a>Then we at Navi Mumbai Houses can help you find one in your preferred area and within your budget. Call Us on 9819472689 for more details regarding rental properties in Kharghar.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0\u2013<\/span> WHAT CONSEQUENCES CAN BE FACED IF WE WILL NOT MAKE OUR RENT AGREEMENT REGISTERED?<\/strong><\/p>\n<p><strong><span style=\"color: #0000ff;\">Ans \u2013<\/span>\u00a0\u00a0<\/strong>If the Concerned Rent Agreement is for more than 11 months then the unregistered rent agreement cannot be used as evidence in Court. It cannot be used as proof or claim of any terms and conditions provided. So, it is always recommended to make the Rent Agreement registered to be on the safer side to avoid any kind of loss.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0 \u2013<\/span> WHICH ONE INCLUDE LESS COST \u2013 NOTARIZED RENT AGREEMENT OR REGISTERED?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong><\/span> Notarized Rent Agreement include less cost. You can get a Notarized Rent Agreement within <strong>Rs. 200 \u2013 Rs. 400\/-<\/strong>, about Registered Agreement it cost more as compare to the Notarized Rent Agreement as, as per the Rent the Stamp Duty needs to be pay. It can cost around \u2013\u00a0<strong>Rs. 3,000 to Rs. 6,000\/-<\/strong>\u00a0or it depends upon the Rent of the Property.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0\u2013<\/span> WHAT ARE THE DIFFERENT CHARGES INCLUDED TO REGISTER THE RENT AGREEMENT?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013<\/strong><\/span> If the Lease is up to 5 years then the Stamp Duty cost is 2% of the total annual rent and if there is also security deposited then additional Rs. 100\/-.<\/p>\n<ul>\n<li>\u00a0If the Lease is from\u00a05-9 years then the Stamp Duty cost is\u00a03% of the total annual rent and if there is also security deposited then additional Rs. 100\/-.<\/li>\n<li>\u00a0If the Lease is of above\u00a09 years then the Stamp Duty cost is\u00a0double of 3%\u00a0 i.e 6% of the total annual rent and if there is also security deposited then additional Rs. 100\/-.<\/li>\n<\/ul>\n<p>Minimum Registration Fees of Sub-Registrar is Rs. 1,100\/- (Rs. 1,000\/- and additional pasting fees of Rs. 100\/- )also needs to be paid.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">QUE\u00a0\u2013<\/span> WHAT ARE THE DOCUMENTS REQUIRED FOR REGISTRATION?<\/strong><\/p>\n<p><span style=\"color: #0000ff;\"><strong>Ans \u2013 <\/strong><\/span>Documents required for the registration process are:-<\/p>\n<ul>\n<li>One Original Identity Proof of Owner and Tenant.<\/li>\n<\/ul>\n<ul>\n<li>Two Passport Size Photographs of each-Owner and Tenant.<\/li>\n<\/ul>\n<ul>\n<li>Two Witnesses with their Original Identity Proof.<\/li>\n<\/ul>\n<hr \/>\n<p><strong><span style=\"color: #3366ff;\"><span style=\"color: #0000ff;\">QUE<\/span>\u00a0\u2013<\/span> HOW MUCH TIME REGISTRATION PROCESS TAKE?<\/strong><\/p>\n<p><span style=\"color: #3366ff;\"><strong><span style=\"color: #0000ff;\">Ans<\/span> <\/strong>\u2013<\/span> It depends upon the Appointment as well as on the Status of the Application. Usually, the Registration process takes 2-4 Working Days.<\/p>\n<hr \/>\n<p><strong><span style=\"color: #0000ff;\">Que: <\/span>What Should Be Included In The Rental Agreement?<\/strong><\/p>\n<div>\n<p><strong><span style=\"color: #3366ff;\">Ans &#8211;\u00a0<\/span> <\/strong>The rent agreement should include the names and address of the landlord and tenant, terms of the tenancy, period of tenancy, rent, and security deposit amount, restrictions on both parties, conditions for termination of the agreement, conditions for renewal, and details of who should bear other charges such as maintenance charges, repairs, etc.<\/p>\n<hr \/>\n<h1 class=\"title style-scope ytd-video-primary-info-renderer\" style=\"text-align: center;\">Spacious Rental Properties IN KHARGHAR, @NAVI MUMBAI<\/h1>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/www.youtube.com\/channel\/UCJj_M-KlNliMtr_GybNL-Mg\"><strong>View Source<\/strong><\/a><\/h4>\n<\/div>\n<p><iframe loading=\"lazy\" title=\"Spacious Rental Properties IN KHARGHAR, @NAVI MUMBAI, ?9819472689? In your Budgets\" width=\"1024\" height=\"576\" src=\"https:\/\/www.youtube.com\/embed\/uzFWU_Z8cu8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since homeownership may sometimes be inconvenient or unaffordable, a majority of the migrant working population in India\u2019s in metro cities live in rented houses. For this, the tenant signs a rent agreement with the owner, which includes the terms and conditions that shall be binding on both parties. Documents Required for Rent Agreement\u00a0 \u00a0 \u00a0 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":49714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8318],"tags":[13930,13931,13929],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rent Agreement - Documents | Stamp Duty | e-Stamping<\/title>\n<meta name=\"description\" content=\"Rent Agreement - Documents , Stamp Duty , e-Stamping\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rent Agreement - Documents | Stamp Duty | e-Stamping\" \/>\n<meta property=\"og:description\" content=\"Rent Agreement - Documents , Stamp Duty , e-Stamping\" \/>\n<meta property=\"og:url\" content=\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/navimumbai.houses\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-13T13:14:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-20T06:22:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"810\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@navimumbaihouse\" \/>\n<meta name=\"twitter:site\" content=\"@navimumbaihouse\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"NMH Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/#website\",\"url\":\"https:\/\/navimumbaihouses.com\/blog\/\",\"name\":\"\",\"description\":\"Real Estate | Property in Navi Mumbai| Buy\/Sale\/Rent Properties Navi Mumbai\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/navimumbaihouses.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-5.png\",\"contentUrl\":\"https:\/\/navimumbaihouses.com\/blog\/wp-content\/uploads\/2021\/02\/Add-a-heading-5.png\",\"width\":810,\"height\":450,\"caption\":\"Rent Agreement\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/#webpage\",\"url\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/\",\"name\":\"Rent Agreement - Documents | Stamp Duty | e-Stamping\",\"isPartOf\":{\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/#primaryimage\"},\"datePublished\":\"2021-02-13T13:14:04+00:00\",\"dateModified\":\"2021-03-20T06:22:54+00:00\",\"author\":{\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/#\/schema\/person\/5c512950a241e3309e47a57fc0650d31\"},\"description\":\"Rent Agreement - Documents , Stamp Duty , e-Stamping\",\"breadcrumb\":{\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/navimumbaihouses.com\/blog\/news\/rent-agreement-documents-stamp-duty-e-stamping\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/navimumbaihouses.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rent Agreement &#8211; 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