Once the agreement is reached, our customer support team and Portal will keep you informed of the status of the document a landlord or tenant must have to understand what a rental agreement is before renting a property. A rental agreement, also known as vacation and licensing, is a type of contract that is generally distinguished between the owner of a property and the tenant who wishes to own the property in temporary possession, as written in the agreement. As a general rule, the conditions in the lease are similar, it may vary depending on the ownership conditions. The registered rental agreement contains information provided by the parties, the property, the duration of the lease and the amount of rent for the duration. The owner of the property may be designated as “owner” and tenant “tenant.” It is necessary to print the lease on the legal document, if it is a notarized agreement, it must be printed on paper with the document of the brand Rs. 100/or Rs. 500/. The online rental contract must be paid on green paper. A registered lease agreement is defined as a legal document specifying the terms of an agreement for one person, in order to use the property of another person for a specified period of time. This is an agreement between the tenant and the landlord for the property rented by the owner to the pension and their interest in the agreement is preserved by the conclusion of a legal registration of a tenancy agreement. Prison sentence of three months or no more than `5000/- or both.
NPST an “Authorized Service Provider” selected by the Department of Registration and Stamps, the Maharashtra government for the provision of online rental service has taken a step forward to reach citizens, raise awareness and provide a service at their comfortable time and place. We used modern technology to create phone reach and web service for a simple transaction for citizens. We are a technology-driven company that insists on data management without manual intervention. Reciepts, agreements and each document are provided electronically. Our representative will verify the identity of the landlord and tenant with Aadhaar`s number with 2 witnesses. Once the audit is complete, you will receive your registered contract within 3 business days. A lease form contains information about the landlord, tenant, rent amount and contractual tenancy clauses. The lease can simply be established on the legal platform doc, if necessary, complex clauses such as notice, the period of deadlock, the liability of the landlord and the tenant can be agreed in the basic format of the rent of the house.