Residential Lease Agreement Upload to Online Storage For Free

How to create a lease agreementCollect each party's information.Include specifics about your property.Consider all of the property's utilities and services.Know the terms of your lease.Set the monthly rent amount and due date.Calculate any additional fees.Determine a payment method.Consider your rights and obligations.More items...

So, the safest thing for a landlord to do is to keep a past-tenant's rental file, and specifically all the contracts, for at least 6 years from the date that the contract ended.

As per Section 17 in the Registration Act 1908, it is quintessential to register for leases and rent of immovable property from year-to-year or for any term beyond one year. This implies that if your rental agreement is of more than one year's tenure, you would have to register it.

The Lease Must be in WritingIt does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.

Is an online rental agreement valid in India? Yes, Housing.com has launched a digital rental agreement facility which enables both, landlords and tenants, to complete the process online. It is legal and valid.

You can get your lease agreement registered at the office of the Sub-Registrar of Assurances; in whose jurisdiction the leased property is situated. You need to register the lease within four months of signing the lease agreement. If you fail to do so, you may ask for an extension, but a hefty penalty may be levied.

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...