«Ideally, you have to declare the lease,» Malhotra said. In the event of a dispute, unregistered leases are not considered by the court as a primary deposit and you may need to provide further proof to prove your point of view, he added. In some countries where electronic stamping is available for leases, you don`t need to physically purchase stamp paper. You can register on the website of the Holding Company of India (SHCIL) and verify that the state in which you reside offers this establishment. Currently, Assam, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, NCR Delhi, Tamil Nadu, Uttarakhand and Uttar Pradesh allow electronic signing of leases. Click here to check the format of a rental agreement in English. The Registration Act of 1908 requires the registration of a lease if the tenancy period is more than 11 months. Visitors: The agreement must contain a clause on who can visit you and when. The agreement should also describe the house you can rent as the floor or apartment number, the area of the house, the number of bedrooms, bathroom, living room, kitchen and so on. If it is a furnished house, make sure there is a list of all fittings and faucets such as beds, sofas, tables, chairs, closets, number of fans, air conditioners, lights and so on.
To register a rental agreement, you would have to pay a fee such as stamp duty and registration fees. The fees are usually shared by tenants and landlords, but mention this in the agreement. In addition, people who have fees, such as legal fees or brokers, should be clear. In order to reduce costs, tenants and landlords sometimes agree orally on the lease and avoid the execution of a tenancy agreement. At one point, they also document the agreement and set the terms of the lease, but decide not to register the document. This is due to the fact that both parties must pay a registration fee when a lease is entered into and registered. The lessor is also required to declare his rental income as soon as the lease is final. However, entering into a non-registration lease is illegal and could be a risky transaction for both parties, particularly in the event of future litigation. Collect your cancelled cheques or payment documents. Written supporting documents are generally acceptable as long as they include the date, the amount of rent you paid, and the name and signature of the person receiving your rent.
If you don`t have a rental agreement, you can use these documents to view your history as a tenant. Cancelled cheques must be noted in the memo section that the payments went to the rental. Under the provisions of the 2019 Standard Rent Bill, landlords cannot apply a pre-fixed rent increase for the entire period for which a tenancy agreement was signed. For example, when the lease expires after 11 months, the lessor cannot increase the monthly rent during that period. It is only at the expiry of this period and the date of registration of the new lease that the lessor is legally entitled to proceed with an increase in the rate that does not generally exceed 10% of the existing amount. In addition, the landlord must give the tenant three months` notice before increasing the rent in accordance with the bill. Many landlords do not allow tenants to keep pets. If you have a pet, discuss the problem before finishing a house for rent. Some also have problems with non-vegetarian tenants.