Are you a landlord or tenant in Haryana looking to create a legally binding rent agreement? Here`s a step-by-step guide on how to make a rent agreement in Haryana:
Step 1: Understand the legal requirements
In Haryana, rent agreements must be created on stamp paper of value equal to or more than the monthly rent. The stamp duty fee is calculated based on the rental amount and the duration of the agreement. It is typically 1-2% of the total rent amount.
Step 2: Gather the necessary information
Both the landlord and tenant must provide their full names and addresses. The rental property`s address, monthly rent amount, and duration of the agreement (start and end dates) must also be included.
Step 3: Draft the rent agreement
The rent agreement should be drafted in clear and concise language, including all the information gathered in step 2. It should also include clauses regarding the security deposit amount, maintenance responsibilities, late payment fees, and eviction procedures.
Step 4: Review and sign the agreement
Both the landlord and tenant should review the rent agreement carefully and ensure that all provisions are agreeable. Once both parties are satisfied, they should sign the agreement in the presence of two witnesses. The witnesses should also provide their full names and addresses.
Step 5: Register the rent agreement
In Haryana, rent agreements with a duration of 12 months or more must be registered with the Sub-Registrar of Assurances within four months of its creation. The rent agreement must be submitted along with the stamp duty fee receipt, identity proofs of the landlord and tenant, and proof of ownership of the rental property.
In conclusion, creating a rent agreement in Haryana requires careful attention to legal requirements and proper drafting and registration. Following these steps can ensure the creation of a legally binding and enforceable rent agreement for both the landlord and tenant.