Whats actually a rent agreement – a rent agreement is a legal contract that typically includes the rent terms, rent due date, security deposit amount, and other important things to note about your rental property. It should be signed by both the property owner and the tenant before the tenant moves into the house or apartment. Rent agreements are important because they cover the rights and responsibilities of both parties. The mandates for rent agreements vary according to various state regulations in India.
Maharashtra state government passed the Maharashtra Rent Control Act in 1999 to regulate the rental housing market. It states various duties of the landlord and tenant in Maharashtra including rent conditions, eviction conditions, and thus protects the rights of both tenants and landlords.
Maharashtra has popularized ‘Leave and Licence agreement’ as a replacement of Rent agreement. While the purpose of both are similar, ‘Leave and Licence agreement’ is far more simple in terms of technicalities.
It is mandatory to register a rent agreement/Leave and Licence agreement, irrespective of the rental period. To make the procedure easy for the citizens, the Maharashtra government offers an online facility to register rent agreements.
Step 2: Select the district of the property, capture thumb impression using thumb scanner and create a password and click next
Step 3: Enter the details of the property, tenant, landlord, and witnesses in the subsequent pages.
Step 4: Enter the rental details and pay the stamp duty and registration charges online to get the document.
Step 5: After verifying all the details in the generated document, capture the photo and thumb impression of all the parties and verify it.
Step 6: Enter the Aadhar details of all the parties and click on ‘Verify KYC’ button.
Step 7: Upon verification, you can view the PDF version of the document and submit it after verifying.
Step 8: You will receive a Token Key after submission that can be used to download the agreement and payment slips.
If the owner/tenants are in different locations, the rent agreement can still be signed using Adhaar authentication.
Yes. There are many service providers in the market, who can facilitate the rent agreement registration for a nominal service fee. Housewise.in can help to make the rent agreement registration process seamless in a professional manner.
Click here to know more about our Rent Agreement in Mumbai services
Photo by Balaji Srinivasan from Pexels
