What Is Notarized Rental Agreement

Legaldesk.com has a variety of ready-to-use legal documents, including leases. And if you have a ready-made lease, you can use our Print `n` Deliver feature, where you can download the document of your choice and let us do the rest of the work for you. So, try our lease and all our user-friendly and ready-to-use legal document and action templates. Leases are at the center of a rental business. This is a contract that sets out the basic guidelines that must be followed by both parties. Since the law will consider the lease as primary proof, in the event of a dispute between the parties involved, it is important that you draft the contract well and follow an appropriate protocol to make it legally valid. Imagine being involved in litigation because you didn`t lease. In India, there are many cases where tenants refuse to leave the rented premises when asked to do so, and such things happen mainly because the rental clauses between the parties to the rental, that is.dem the landlord and tenant, would not have been clearly publicized. In India, it is not mandatory to notarize a rental agreement. As long as it is printed on stamp paper and signed by both parties and two witnesses, it is considered binding. However, if you want to notarize it, you can do so. The task of the notary is to check everything in the document and confirm the document as soon as it turns out that everything about the document and the depositary is authentic. The notary does not verify the terms and conditions of the contract, but only verifies the identity of the licensor and licensees “According to the Registration Act of 1908, clause (d) of paragraph (1), registration of the leased property for one year or more than one year is mandatory” For this reason, most leases are only for a period of 11 months, to avoid stamp duty and registration fees.

If a lease is notarized only for 11 months, it is not illegal, as it is accepted by both the company and the police to carry out the police check of tenants. .