Answer ( 1 )

  1. In the last two decades people have become familiar with the rent agreement concept. Many people migrate from small towns to big cities for work, livelihood and studies who prefer to stay at a rental property. 

    Because of the increase in demand many new investors are coming into the market to lease out their property on rent. But before the final call of rent settlement, both parties should understand the importance of online rent agreement registration and how to do online rent agreement registration.

     

    Is rent agreement registration mandatory?

    According to Registration Act 1908, registration of rent agreement is compulsory. If you are using a notarized rent agreement then the registration is not required. But in case of a registered  rent agreement the document is only valid after paying the stamp duty and has been registered  at the registrar office.

    Here are the steps for online rent agreement registration on NoBroker 

    • Click on the rent agreement register option and add your contact number.
    • Then you will receive an OTP, fill the OTP on the columns.
    • You can select assistance guidance if you want.
    • Mention the property details
    • Then provide the Landlord details
    • Once you have mentioned the landlord details, provide the tenant details
    • Now mention contract details
    • At last fill the summary of the rent agreement.
    • Once you submit the details, NoBroker will get the rent agreement registered or notarized (as needed) and deliver the hard copy at your doorstep and send an online copy on your email address.

    Hope you have got the idea of online rent agreement registration and the answer to the query ‘ Is it mandatory to register a rental agreement’ is YES!


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