Online Rent Agreement Delhi
With over 9+ years of experience, you can rely on eDrafter to create a legally valid Delhi rent Agreement that too on an appropriate Stamp Paper.
Sample of Delhi Rent Agreement
Important Factor to be included in Delhi Rent Agreement
While drafting a Rent Agreement Format Delhi, you must include following clauses in the agreement to make it legally valid that can protect rights of Landlord and Tenant.
- Personal Details: Clearly mention the personal details of both parties that includes Name, Contact No. Address, etc.
- Tenancy Duration: Duration of which the rent agreement will be in effect.
- Use of Property: The purpose of renting the property – Residential or Commercial – must be mentioned on the Rent Agreement.
- Rent Amount: The agreed rent amount the tenant will pay to landlord for rented property.
- Date & Frequency: The frequency and date of rent payments.
- Security Amount (Deposits): Security amount, its purpose and how it will be adjusted or returned at the end of the tenancy.
- Terms & conditions: Agreed terms and conditions to use the property by tenant.
- Insurance: This is majorly uses in the commercial rent agreement to insure the property.
- Maintenance: Name of the party responsible for the maintenance and repair of the property.
- Lock-in-Period: The lock-in period prescribes the time period within which any of the parties cannot terminate the contract before the sending of the lock-in period of rent agreement, if the party does so then he has to pay the rent for the remaining lock-in period.
- Termination of the agreement: The termination clause outlines the conditions in which either party can terminate the agreement. This includes Notice period, penalties and valid reason for termination to protect both parties rights.
- Provided Amenities: The Rent Agreement should list all the amenities provided to the tenant such as furniture, appliances, parking, or security services. This helps to ensure that tenant understands what amenities are provided and what should be maintained or return in good condition.
- Renewal Terms: This clause specifies in which canditions Tenancy can be renewed – Usually with mutual consent and revised rent.
- Stamp Duty & Notarization: Rent Agreement must be prepared on appropriate Stamp Paper. Although, Notarization is not mandatory but we recommend it for authenticity. Also, as per the Delhi Rent Agreement rules, Rent Agreeement for more than 11 months must be registered at sub-registrar office.
Stamp Duty on Rent Agreement in Delhi
It is mandatory to draft the Online rent agreement Delhi on a Stamp paper that attracts stamp duty which depends on various factors. Depending on the factors, rent agreement can be drafted on a Stamp paper with stamp duty of 20, 50, 100, 200, 300 or 500.
Delhi Rent Control Act
The Delhi Rent Control Act, 1958 (Formally known as Delhi Rent Act) governs the relationship between landlord and tenant during the tenancy. This act was introduced to safeguard the legal rights to both parties. While it protects tenants from forcefully eviction and unreasonable rent hike, it also safeguards the rights of Landlord.
Documents Required for Rental Agreement
- Aadhaar Card of Landlord and Tenant
- PAN Card of Landlord and Tenant
- Signature of Both Parties
Common Mistakes to Avoid while Creating Rent Agreement
- Not defining the terms and conditions
- Not mentioning the maintenance and notice period
- Not defining the rent, deposit and payment term.
- Not taking the Valid ID proof of other party.
- Not drafting the Agreement on Stamp Paper.
Why eDrafter.in for creating Rent Agreement Online?
At eDrafter.in, you get hassel-free service to draft your Rental Agreement that you won’t get in the offline process. Here are some of the benefits of creating Delhi Rent Agreement with eDrafter:
- Legally drafted Rent Agreement by experts.
- Drafted on a valid Delhi eStamp paper
- Customized as per your requirements
- Scan Copy and Doorstep Delivery available
- Saves times and efforts
Frequently Asked Questions
Is rent agreement mandatory in Delhi?
Yes, a rent agreement is mandatory becuase that protect the rights of both landlord and tenant by clearly mentioning the terms and conditions.
Does the rent agreement need to be registered in Delhi?
If the Delhi Rent Agreement is for more than 11 months, registration at the Sub-Registrar office is compulsory. For agreements of 11 months or less, notarization is enough.
Who should bear the cost of stamp duty and registration charges?
There is no fixed rule for. Usually, the tenant pays the stamp duty and registration charges, but it can be shared if agreed upon by both parties.
Is police verification required for rent agreement in Delhi?
Yes, police verification of tenants is mandatory in Delhi. Landlords must submit tenant details to the nearest police station or through the Delhi Police online portal.
Can the rent agreement be renewed after expiry?
Yes, the rent agreement can be renewed by executing a new agreement or extending the old one with mutual consent of landlord and tenant.