Since online Online Rent Agreement in Pune are now available, renting a property in Pune has become easier than ever before। Whether you are a landlord or tenant, you can now make a rent agreement that is legally valid online without the hassle of going to legal offices। This guide covers all the things you need to know about Pune’s online rent agreements।
What is an online rental contract?
An online rent agreement is a digital contract between a landlord and a tenant that is electronically created, signed, and registered। It is legally equivalent to a conventional rent agreement written on paper and registered at the sub-registrar’s office।
Pune Online Rent Agreement Benefits
- Convenience – No need to visit legal offices or stand in long queues.
- Time-Saving – The entire process can be completed within a few hours.
- Legally Valid – Registered online agreements are legally enforceable.
- Paperless Process – Reduces paperwork and storage concerns.
- Cost-Effective – Saves money on travel, legal fees, and documentation.
How to Draft a Pune Online Rental Agreement
First, draft the agreement.
Mention important information such as the names of the landlord and tenants, the address of the property, the rent, the deposit, and the length of the lease.
Add clauses pertaining to notice periods, maintenance, rent payments, and other matters.
Step 2: e-Registration and Stamp Duty
Online registration fees and stamp duty payments are required.
The stamp tax on rent agreements in Pune is typically equal to 0.25% of the entire amount of rent due during the term of the agreement.
Step 3: Verification via Biometrics
Aadhaar-based biometric authentication is required for both parties to confirm their identities.
Step 4: Electronic Signature
Digitally sign the contract via an OTP-based authentication system.
Step 5: Receive the Registered Agreement
The digitally registered rent agreement will be sent to you via email after it has been finalized.
In conclusion
It’s easy and quick to create a rent agreement online in Pune. Tenants and landlords can now lawfully register their rental agreements from the comfort of their homes thanks to technological improvements. To prevent future legal issues, make sure you utilize a reliable platform.
You can finish your online rent agreement process quickly and easily by following the above instructions. Have fun renting!