Table Of Content
- What is Rental Agreement?
- How to make Rental Agreement in Noida?
- Why eDrafter for Rental Agreement Online Noida, Uttar Pradesh?
- Stamp Duty and its registration process
- Documents required for the registration process
Noida came into administrative existence on 17 April 1976 and celebrates 17 April as “Noida Day“. It set up as part of an urbanization thrust during the controversial Emergency period (1975–1977). The city had created under the UP Industrial Area Development Act by the initiatives of Sanjay Gandhi.
The city has the highest per capita income in the whole National Capital Region. The Noida Authority is among the richest civic bodies in the country. As per provisional reports of Census India, the population of Noida in 2011 was 642,381.
Today, we will discuss the Online Rental Agreement in Noida, the consequences of the Rent Agreement In Noida, and how to draft it Legally.
What is Rental Agreement?
A rental agreement is an agreement in which two parties Owner and Tenant mutually agree on the rental of property under the given rules and regulations prescribed by the Government of India. It is very important for both the Tenant and the Owner of the Property.
- The tenant gets the Legal Assurance for the Rented Property after Drafting the Rental Agreement.
- The owner also gets the benefit of the Rental Agreement as it secures his/her property from any kind of illegal activity.
How to make Rental Agreement in Noida?
Creating a Online rental agreement Noida with AI is so easy, you just have to follow the below-outlined steps and your rental agreement will be ready. The steps are –
Step 1: Create with AI, upload a draft, or type it
Create with AI by filling in the landlord’s and tenant’s names, the Noida property address, rent, deposit and other terms. Already have an agreement? Upload the draft (PDF, Word or a phone photo), or simply type it in.
Step 2: Choose stamp duty, scan and signatures, then pay
Select the stamp duty for uttar Pradesh, choose the scan type you need, and opt for a digital signature if required. Enter the signatories’ details and complete the payment.
Step 3: Approve your draft by email
You receive the draft agreement on your email for approval. Want a change — a longer lock-in, a parking clause, a different rent date? Reply by email; our team makes every change you ask for and sends the revised draft back for your approval.
Step 4: Printed on stamp paper and delivered
Once you approve, the agreement is printed on genuine Uttar Pradesh e-stamp paper. The final scanned copy is emailed to you, and the hard copy is delivered to your address.
eDrafter has served 1.3M+ customers since 2016 and is ISO 27001 and ISO 9001:2015 certified, so landlord and tenant ID details are handled under audited security standards.
Also Read, How to evict a tenant without rental agreement in India?
Note: It’s the choice of both the parties that mutually whether they want the Agreement attested from the Notary Public or want to register it in the Sub-Registrar Office. If you are going to make the Rent Agreement for more than 1 year then it’s recommended to make it register in Sub-Registrar Office with stamp duty as the validity for Notarial Stamp in case of Agreement is for 1 year, also Registered Rental Agreement hold more power in terms of evidence as compare to Notarized Rental Agreement.
Why eDrafter for Rental Agreement Online Noida, Uttar Pradesh?
We provide the fully drafted online rent agreement in Noida including the important terms and conditions. We provide service at the doorstep in which simply what you have to do is provide us your details by filling up the form(designed securely to capture your data), place the order, and we will quickly draft your online Rent Agreement Uttar Pradesh along with the prescribed e-stamp paper and deliver it to you at your place.
Stamp Duty and its registration process in Noida
As per the provisions of the Registration Act, 1908 it’s important to get the Noida Rental Agreement Registered if you are making it for more than 1 year. The Noida Sub Registrar Office had located in Sector 33.
- If the lease is up to 1 year, then the Stamp Duty will be 2% of the Annual Rent.
- If the lease is for greater than 1 year but less than 5 years, then the Stamp Duty will be 2% of the Total Rent for the First 3 years.
Documents required for the registration process
- One Original Identity Proof of Landlord and Tenant.
- Two Passport Size Photographs of Owner and Tenant.
- Two Witnesses with their Original Identity Proof.
Thank You!
