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Yes, Handwritten rental agreement on normal paper is legally valid in India. However if objection is raised for not being stamped, you might be liable to pay deficiency of stamp value with at least 10X penalty.
Common contents of a rental agreement include:Names of the landlord and tenant and/or their agents.Description of the property.Amount of rent and due dates for payment, grace period, late charges.Mode of rent payment.Methods to terminate the agreement prior to the expiration date and charges if any.More items...?
Rent Agreement Online RegistrationYou need to fill in the required details on a pre-approved template drafted by legal experts.Submit a copy of your Aadhaar card with one more additional ID proof.Make the online payment, which includes stamp duty, registration charges, and service charge.More items...
These types of tenancy agreements are most commonly used by private landlords who are choosing to forgo using a letting agent or property management firm. People can even draw up their own tenancy agreements based on the free downloadable templates available on the internet.