People have named this city as ‘City of Dreams’. A city where almost half a population wants to live but at what cost? Even if you decide to live on Rent then too what would be the online rent agreement mumbai cost. A metropolitan city where even a water bottle cost touches the sky but still it is a dream place of many. There has been a huge demand for online services, now everything is switching from old school form to smart school. So let’s see how you can create a rent agreement online for Mumbai city.
Can Online Rent Agreement Mumbai be made online?
As a metropolitan city, the people are aware of the fact that surviving in Mumbai is expensive. Although, People still tend to migrate to a city like Mumbai from their native place. Rent agreement registration online in Mumbai is possible as with the crossing time the techno world itself has upgraded a lot since the past.
How To Make Rent Agreement Online In Mumbai?
Online rent agreement process in Mumbai has been simplified now as various new online websites have been created who are serving these online legal services across the world such as edrafter.in. The Online rent agreement charges are compatibility lower than the offline charges in this city. By physical visit you have extra expense to pay that includes your transportation. Therefore, we highly recommend you to get an agreement as landlord can evict tenant without rental agreement.
Even the online rent agreement renewal in Mumbai is not that expensive. They are available at a very reasonable price online rather than offline.
Is Registration of Rent Agreement compulsory in Mumbai?
Making a written agreement and registering it has become necessary in the states of Maharashtra. It is crucial to note that if the renting time is less than a year, many jurisdictions do not need the rent agreement to be registered. Nevertheless, registering it is advised as the Rent agreement registration is mandatory under Section 55 of the Maharashtra Rent Control Act 1999.
Both online and offline procedures can be used to register a Maharashtra rental agreement. The offline process can take a long time and may unnecessarily increase your travel expense whereas Online registration is more practical, trustworthy, transparent, and economical.
Steps To Create Rent Agreement Online For Mumbai, Maharashtra
Below are the steps you can take to create an online 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 4: Review the agreement to make sure it accurately reflects the terms of the rental agreement.
- Step 5: Once you are satisfied with the agreement, click on the “Proceed to Payment” button to pay for the service.
- Step 6: 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.
Note: These steps may vary slightly depending on the specific website and the type of rental agreement you are creating. It is always a good idea to carefully review the website’s instructions and any legal information provided to ensure that you are creating a legally-binding rental agreement.
Also Read, Do’s and Don’t while drafting Rent Agreement
Documents needed for the registration of the Rent Agreement
The documents that are asked for the submission by both the parties; merely the photocopy of them are:
- Aadhaar Card of both the parties.
- Two passport size photographs.
- Identity proofs (voter ID, driving license or passport)
Is Notarized Rent Agreement valid in Mumbai?
Notarising a document has always been a choice of the person whose documents they are or it depends where the documents have to be submitted. But by notarising the deed it becomes more of a valid. Additionally, it can not be refused by the government officer when submitting it. It gives the document the legal signature that it has become valid.
Notarized rent agreement online Mumbai is what they go for because ‘be safer than be sorry’ is the phrase that is applicable in these situations.
Also Read, Stamp Paper Vs Notary
Is Stamp Paper Rent Agreement valid in Mumbai?
Without executing any document on a Stamp Paper is considered as invalid. Stamp Paper is the biggest revenue for the Government. Which is why it is a compulsion to execute your document on a Stamp Paper before submitting it. According to Bombay Stamp Act,1958 governs the stamp duty you must pay on rent agreements in Mumbai. All Maharashtrian cities are subject to the stamp duty on lease agreements. A stamp duty fee of 0.25% of the total rent for the time period should be applied to the Maharashtra rent agreement.
What information is typically included in a Mumbai rent agreement?
For instance, if you want to enroll yourself into any kind of online course then eventually you are required to fill the online form where you are made to give your details, likewise when you come into an Agreement you are required to give your personal information to the landlord.
The information which are required are:
- Name and address of both the parties.
- Rent amount that needs to be paid by the tenant.
- Security amount and signature of both parties.
- Maintenance charges & notice period.
- Number of fitting & fixtures at landlords rented place.
Are there any specific requirements or restrictions for a Mumbai rent agreement?
There is no specific kind of requirements or restrictions that are needed in Maharashtra rent agreement. The specifications should be cleared to both the parties and both should just keep in mind not to breach the agreement.
Frequently Asked Questions (FAQs)
Yes, an online rent agreement in Mumbai is legally valid as long as it is executed and signed by both parties and meets all the necessary legal requirements.
Using an online rent agreement in Mumbai has several benefits, including convenience, cost savings, and improved security.
Yes, you can make changes to an online rent agreement in Mumbai after it has been signed, but it must be done through a formal amendment process and must be agreed upon by both parties.