Table Of Content
- What is Notary Rent Agreement?
- Is Notary required for Rent Agreement India?
- Documents needed for Notarization
- How to make a Notary Rent Agreement online?
- Can Notary be done Anywhere?
- Notary vs Registered Rent Agreement
- Is Notary Rent Agreement valid for Aadhar Card?
- Frequently Asked Questions
The easiest way to earn a pay is to rent out a property and enjoy a long term inpouring of Rent. Mostly the aged citizens opt to let out their property for rent to the people who are in need, and enjoy their retirement at peace. Taking precautions is important so you need to take keen steps before renting out your property plus getting your rent agreement notarized would be an icing on the cake!
What is Notary Rent Agreement?
In layman language, a notarized rent agreement means Rent Agreement which has been signed and approved by a notary public. Notary public is quoted as a person. The person who holds the power to endorse any legal document.
The notary authenticates the paperwork and the identity of both parties before endorsing the document by signing it. Owner and tenant must appear in person before the notary during this process. Though getting your Rent agreement register is more beneficial it always has since registration holds more power rather than Notarising it.
Is Notary required for Rent Agreement India?
We won’t say it is necessary to get the rental agreement notarized but it is a safer option to get it done. There are exceptional cases where it becomes compulsory to get the legal documents notarized. If you don’t get it notarized then some documents’ credibility can be questioned, which could result in the court rejecting them. The fact is clear that any legal document bearing a notary’s seal certifies that the signatures thereon are genuine and true.
Documents needed for Notarization
The documents that you would needing for Notary rent agreement are:
- Aadhaar card
- The party’s signatures
How to make a Notary Rent Agreement online?
People are fascinated by digital methods. They are switching to an advanced way rather than choosing the traditional approach. Though there is always an offline method which can be time consuming & stress giving, many people do opt for that too but the percentage is lowkey. Let us plunge into the steps of registered rent agreement:
- Step 1: Go to the edrafter.in and click on the “Rent Agreement” on the homepage.
- Step 2: Select the type of rental agreement you are looking for, such as a “Draft of Rental Agreement” or “Complete Rental Agreement“.
- Step 3: Fill the form with all the necessary details, such as the landlord and tenant name, property address, and the terms of the agreement.
- Step 5: Review the agreement to make sure it accurately reflects the terms of the rental agreement.
- Step 6: Once you are satisfied with the agreement, click on the “Proceed to Payment” button to pay for the service.
- Step 7: After payment is complete, you will receive a draft of your agreement on your mail for your approval and it will be processed once you approve.
Can Notary be done Anywhere?
It does matter in which state or place you are, as the notary public, can only notarize your legal documents from that particular state only and the particular Rented property should also belong to the same state only. For example, if the document is executed in Jharkhand it can be notarized in Jharkhand only.
Difference between Notary and Registered Rent Agreement?
There is a huge difference between notary and registered rent agreement, let’s find out:
|Basis of Distinction||Notarized Rent Agreement||Registered Rent Agreement|
|Validity||If your rent agreement is for 11 months then a notarized agreement will be valid.||The registered rent agreement is mandatory if it is more than 11 months according to the Rental Act.|
|Presence of the parties||Both parties need to present during the notary process||Both parties need to be present along with 2 witnesses while getting their rent agreement registered.|
|Time Duration||The process of Notary is not that lengthy.||There are a number of steps that need to be completed after that only the agreement is registered, hence the process is time taking.|
|Compulsion||It is not compulsory to get your rent agreement notarized.||It is compulsory to get your rent agreement registered if above 11 months.|
|Cost||Less in comparison to the Registered Agreement||More since Stamp duty and registration fees are included|
|Legal Status||It is admissible in the court if the rent agreement is for an 11-month duration.||Therefore, a registered agreement is more legally valid than a Notarized agreement.|
To get deeper knowledge about Notrized Rent Agreement vs Registered Rent Agreement, you can go through our blog on the same topic.
Is Notary Rent Agreement valid for Aadhar Card?
Yes, you can use a Notary agreement as your local address proof, and also notary rent agreement is valid for passports, changes of address in birth, or a marriage certificate as well. Remember, if you are required to show some kind of address proof then you can refer to your notarized rent agreement to them.
Frequently Asked Questions (FAQs)
The costing differs from State to State as Notary is not a fixed price from the Government’s side. However, the notary charges for the rent agreement are comparably less than the registered rent agreement due the charges of stamp duty and registration charges are added up.
Yes, a notarized rent agreement is valid before the court if the agreement is for an 11-month duration.
You can go to any nearby court and get your legal document notarized as it is not lengthy and hectic.