Delhi Rent Agreement Online
Rent Agreement Sample
Importance of Rental Agreement in Delhi
A Well drafted legal Rent Agreement is important for various things and some of the major importance are:
- It prevents any kind of dispute between landlord and Tenant
- A legally draft Rental Agreement defines all the terms and conditions on Agreement including rent, deposit, Payment term, etc.
- Defines rules for maintenance, utilities, and property use.
- It Provides legal protection to both parties in case of any disagreement.
Factors to include in a Rental Agreement
A standard Rent Agreement should be drafted by including below factors to make it more reliable and legally Valid.
- Name and Address of both parties (Landlord & Tenant)
- Description of the rented property (address, type, size)
- Rent amount and payment terms (monthly rent, due date, mode of payment)
- Security amount
- Duration of tenancy
- Maintenance charges and responsibilities
- Termination clause and notice period
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.
Stamp Duty in Delhi
It is mandatory to draft the rent agreement 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.
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 if the rent period exceeds 11 months. It helps protect both landlord and tenant by clearly mentioning the terms and conditions.
Does the rent agreement need to be registered in Delhi?
If the 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.