A rental or lease agreement is a document that outlines the arrangement between an owner of the property, known as the "landlord" or "lessor," and someone else who is willing to pay rent while occupying the property, known as the "tenant" or "lessee." In layman's term, it's a document used for occupying space (either commercial or residential) for some time in exchange for monthly rent. The terms of the contract are negotiable between the tenant and landlord, and once signed, the form is considered legally and mutually binding. A written agreement spells out the specific promises between the Landlord and Tenant. It lists out the obligations and the consequences if either party breaks the promises made under the agreement. One should find the best Property lawyer for this purpose
A rent agreement must mention the following clauses clearly:
To register a rent agreement, the landlord is required to present the following documents:
The tenant, on the other hand, is required to present the following documents:
As per the Registration Act, if a rent agreement is not registered, it cannot be admissible as evidence. That means, in case of a dispute between the landlord and the tenant, the un-registered rent agreement does not hold any recognition. Thus, no arguments and judgment can be made based on an un-registered rent agreement. Therefore to safeguard and enforce your rights in the court as a tenant or the Landlord, the agreement should be registered.
What happens if I rent without an agreement in Delhi?
It is highly recommended to draft a rent agreement before renting out. Failure to have a rent agreement signed by both parties will lead to legal inefficiencies in the case of a dispute between the landlord and the tenant.
How Can a Lawyer Help with a Rental Agreement?
Rental agreements are vital to any property owner who seeks to lease or rent their property. The best Property lawyer can be of great assistance and can help you to draft and review a rental agreement that suits your business/personal needs. If any dispute arises over a rental agreement, your lawyer can help you recover damages in a court of law
How much time the registration process take?
It depends upon the Appointment as well as on the Status of Application. Usually, the registration takes 2-4 working days.