To complete the registration process, you will also need two witnesses to sign the agreement. Once your lease is registered, it becomes a legally authorized document and can be used as evidence if the transaction goes wrong and comes into dispute. – you can refer our section to the revision of the basic format of the lease – www.edrafter.in/form-rental-agreement/ […] The act is not admissible as evidence in court. Whether it is a landlord or a tenant, registering a tenancy agreement ensures the safety of both parties in the event of a future dispute. So make sure you […] A registered rental agreement, even if it is entered into for less than one year, is considered a valid address document. A tenancy agreement executed by the landlord for the benefit of the tenant is accepted as a valid address document when a passport is requested. Some other cases where the rental contract can be used as proof of address, include requesting an Aadhaar card, getting a new gas connection, applying for a driver`s license, purchasing a new SIM card, etc. If you are an urban nomad and find it almost impossible to stay more than a year in the same rented apartment, signing up for a rental contract should not be your cup of tea. For leases of 11 months or less, no certification is required. For leases established for one year or more, registration (no certification) is recommended. This is a precautionary measure reluctant to fraud, which proves that the companies mentioned in the contract are the ones that actually signed it and that the agreement is not a falsified or falsified agreement. Proof of address Registration Contract Paper stamp Sometimes you can decide not to continue with the contract and can claim the advance paid by token in return. In this case, if the owner agrees to repay the entire advance, it is good and good.
But if the owner loses money, he can deduct a certain amount from the advance of chips and refund you the same. But if your reason for terminating the contract is valid, you can recover the full amount. I have read your blog and I am getting very important information on how to register a lease.