Is The Physical Presence Of The Owner Is Required While Making An Online Rent Agreement?

Rent agreements have become insanely popular among the owners as well as tenants due to the perks they offer. As there is a variety of Rental Agreement Format available on numerous websites, owners and tenants find rent agreements easily accessible, fueling its popularity. But, is it necessary to be physically present while online rent agreement is being made? Here’s the answer:

Physical Presence: mandatory or not?

In the case of an online rent agreement, an owner or tenant either goes for a customized rent agreement or selects from the list of Rental Agreement Format.

• In case of customization, the rental agreement is prepared catering to the demands of the owner/ tenant. He/she has the privilege to add/ edit/ modify/ delete the clauses present in the rent agreement. Respective information is also put in, following the guidelines. For customization, the physical presence of the owner isn’t required while the development of the rental agreement, as these tasks, can be carried out either on-call or through e-mail.
• On the contrary, even if the owner/ tenant chooses a particular rental agreement format from the available options in the list, all he/ she/ they have to do is to provide the particulars of the agreement. In this case, too, the physical presence of the owner isn’t mandatory.
• If the owner/ tenant opts for getting the rental agreement from a nearby local firm, then he/ she/ they need to be present physically as the entire process will be carried out shortly. He/ she/ they need to provide the associated information to the agreement producer, who may not provide the facility of customization to the tenant.

When Physical Presence Will Be Mandatory?

The physical presence of the owner/ tenant will be must in the following cases:

• When the tenant goes for Rent Agreement Registration, the physical presence of the owner/ tenant will be required. In the process, both owner and tenant have to sign on the agreement in the presence of an authorized signatory. The physical presence is mandatory as it testifies that both parties agree on the terms and conditions written in the rental agreement and thus provide their affirmation to the higher authority.
• In case the owner/ tenant opts for procuring the rental agreement from a nearby firm, in such a situation the physical presence of the owner/ tenant will be mandatory.  

Relevant information:

With the modernizing and digitalizing world the need to rushing towards firms for procuring rental agreements has been reduced drastically. Now, owners and tenants get high-quality rental agreements written within a stipulated period. Content quality and grammatical correctness of the rental agreement beat the offline written ones. Statistically, online rent agreements have more chance of approval than the offline generated ones, as they are reviewed more number of times, and in various aspects- legal, grammar, etc.  

Some of the frontrunner firms also home-deliver these rental agreements which eliminate all the hassles of running to and fro. Hence, online rent agreements have become so immensely popular than offline ones. Online firms also guide the owners/ tenants in before and after the development of the rent agreement.

Through their expertise off several years, they can recommend the clauses to add/ modify in the online rent agreement. Also, they can help the owners/ tenants choose the most suitable rent agreement; commercial, residential or industrial. While opting for a good rental agreement company, emphasis must be given on their services, experience, payment process, cost and most importantly, customer service. After assessing all the aspects, the online rent agreement firm needs to be approached and process to be carried out. While sorting, testimonials also provide great insight as they speak about the quality and final product of the process.  

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9 Reasons Why should you get an online rent agreement?

According to Wikipedia, A Rental Agreement is a contract of rental, usually written between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typical for a fixed term. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term. The owner of the property may be referred to as the lessor and the renter as the lessee. You can apply it either online or offline.

Here are the 9 reasons why you should apply for a rental agreement online:

Saves Your Time

In the past, the rent agreement signing process was long and confounded. You needed to modify your rent, print it out, plunk down with your occupant, go over the rent, and have them sign. You may have even had a legal advisor survey your rent certainly. In any case, presently, you can have confidence that our leases are attorney audited and explicit to your state's laws, including required revelations. You and your occupants have the advantage of checking on and marking the rent from anyplace. This spares you and your inhabitant's time. 

Sets Aside Your Cash 

If that time and cash are among your greatest concerns, at that point consenting to Online Rent Agreement is actually what you need. Online agreements are less expensive in light of the fact that you don't spend a rupee on printed duplicates and travel costs. Also your spare time! 

Avoid Sub-registration office visit

With the appearance of the online office in making your enlisted lease agreement, the gatherings need not visit the sub-enrollment office for enlisting the online Leave and License Agreement. The whole procedure can be finished at the solace of one's home or wherever of comfort.  Prudent 

As the greater part of the assignment is done on the web, this office has less human inclusion, E.g. there is no prerequisite for checking of archives for transferring the agreement information on the Govt server. This makes the procedure progressively efficient. Additionally, a lot of coincidental charges are kept away from if there should arise an occurrence of concurring Online. 

Simple and Hassle-Free

There is no need to remain in a line, go to the sub-enrollment office and hang tight for one's go-to enlist the agreement. The main assignment to be done is to acquire the bio-metric unique mark filters and the photographs and check the character online through the UID information previously existing. All these should be possible anyplace at the gathering's accommodation and accessibility. The whole procedure after the information section can be finished in 10-15 min effectively. 

Delicate Copies 

Since there are just delicate duplicates in an enlisted lease agreement, there is no necessity for the physical conveyance of the duplicates. The delicate duplicates of the agreement can be effectively gotten through email. Furthermore, can be downloaded, in the framework and afterward taken a print-out to be utilized as a printed version.  Can Access 24*7 Rental Agreement Providing Platforms like Rentalagreement.in offers safe archive stockpiling as a piece of their administration. Aside from being hidden, Online Rental Agreements are anything but difficult to get. At the point when your rent is online, you can audit it from wherever you want. 

Proficient Vendors  Such an assignment can be effectively performed by different expert merchants/legal counselors who will attempt the errand and give home help, such as visiting the homes of the gatherings to take the bio-metric filters and photographs. Easy to Renew  At the point when your rent is signed and put away on the web, it's significantly simpler to organize your rental lease. You should simply send another lease to your tenants with the refreshed rent dates (and some other changes you need to make) and you're good to go.

So What Are You Waiting For?

Online documents are as of now entrenched on the world, yet the pattern is still on the ascent. There is no uncertainty that one day the whole business world will go paperless. What's more, ideally, you won't be the last individual to join the pattern. Effective landowners think ten stages ahead, so get your opportunity to join the position of pioneers! You can go through the House Rent Agreement Format and after that, you can apply and get Rental Agreement At Doorstep.

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Property registration: The Complete Guide

Property registration is the enrolling of any documents related to the move, sell, rent or some other type of transfer of resolute property.

According to law, each record must be displayed at the enlistment center office by the concerned individual itself or the approved individual pursued by an observer and the suggested enrollment charge. The properties are enrolled according to the concerned Act.

What are the required documents for Property Registration in Delhi?

According to the State Govt., these are the required documents which have to submit:

• Two Passport Size Photographs are required of both parties.
• Proof of identification of each party and witnesses are required like Aadhar Card or Voter Id.
• Two witnesses are required to sign the witness form.
• In case the property is/was under a lease from D.D.A., L&DO, M.C.D., Industries Department, Labour Department of Delhi Govt. etc., the permission of lessor for registration of the documents are required.
• No objection Certificate under section 8 of Delhi Land (Restriction and Transfer) Act is required to make the registration.
• Income Tax Clearance Certificate is required and a valid Pan Card is also required.

Who can be a witness for Property Registration In Delhi?

A witness is an individual who ousts as far as anyone is concerned about certainties in issue between the two parties for a reason. Any individual who knows you or doesn't can be your witness for Property Registration in Delhi. A witness must be at least 18 years of age to sign as a witness. 

Witness for Property enrollment assumes a major job in the enlistment procedure. A witness ensures that the archive was signed by the two parties and no fake happened. Having someone there to approve registration witness are needed if there is ever an inquiry concerning the social events or the understanding.

What is the procedure for Property Registration In Delhi?

1. Verification of the title of the property
2. Estimation of the property value
3. Preparation of the stamp papers
4. Getting the sale deed ready
5. Payment of the stamp duty & registration charges
6. Approach the Sub-Registrar for registration
7. Documents submission

Conclusion

The process of doing the Registration of Properties take a long work process and time. Due to the lake of knowledge in this field we also lost a huge amount of money. You can simply get the Property Registration In Delhi using an online platform with the best result in less time. The Rentalagreement.in does the same to register the properties. If you still have any questions regarding this feel free to ask.

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5+ Things To Care While Making An Online Affidavit

Affidavits are the self-declaration documents that state or act as legal proof of an entity or personal belonging. The offline/Online Stamp Paper in Delhi and other cities may be issued for a variety of purposes ranging from the minute one like the name change, signature change, news ad, etc. to bigger ones like an educational loan, marriage, proof of income, etc. 

These affidavits are very beneficial as they can be produced in court as evidence. The deponent is the person whose name is mentioned in the affidavit, i.e. for whom the affidavit is made. While these affidavits can be procured offline but getting them online makes the process hassle-free.

To make the complex process to Make an Online Affidavit, people should take care of some of the important aspects. Failing to do so people have to go through the process all over again, thus failing the purpose of time efficiency and time-saving. Hence it is of utmost importance that the Online Affidavit in Delhi and other cities should be dealt with more care.

Following points must be carefully considered as you want to Make an Online Affidavit:

• The online/offline affidavits must always be written in the first person, as this is the standard format of it. Furthermore, the person must swear that all the information provided by him/her is true in a declaration.
• In the footer of the document, the full name of the deponent must be mentioned. They should also sign the document and enclose a statement which should explain clearly that the affidavit has been duly sworn at the mentioned date and place. The document should also contain the name and designation of the Magistrate/Notary.
• The affidavit must be signed properly before a Notary/Magistrate or a person authorized to take oaths i.e. oath administering authority for the respective affidavit.
• A person can affirm or declare instead of swearing only in case if the court has permitted it.
• In case the deponent id illiterate, unacquainted or blind, then the affidavit must be read/explained/translated to the person and he/she must produce a certificate that he/she is aware of the contents of it.
• An online affidavit must never contain any kind of hearsay information or imagination or belief. Furthermore, the statements which have no base or irrelevant must be omitted from the affidavit.
• Deponents can also attach additional documents for support for the affidavits, known as annexures or exhibits to the affidavits. All of these documents should be duly numbered and signed by the respective authority.

One of the leading and best online affidavits providing company, rentagreement.in provides an Online Affidavit in Delhi and other cities too. Using the online medium whole process can be completed on a fast-track basis and the affidavits can also be delivered at people’s doorstep through courier. Online Stamp Paper in Delhi provided by rentagreement.in, is very appropriate as they are made according to the format and thoroughly reviewed too.

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5 Things You Should Know Before Renewing Rental Agreement For Shops

At the point when the part of the bargain is not too far off, you have a choice to make. If you want to renew, negotiate or extend your rental agreement for the shop when your rental agreement is about to complete the written tenure. But in case you want to renew your Rental Agreement For The Shop you keep several things in mind and also aware of clauses written in the agreement. Given below are some important things that should be kept in mind before renewing The Rental Agreement For Shops.

Know whether you have a right to renew the property or not- While many residential houses usually have a term for renewal in the agreement which favors the resident. It may not be possible in case of commercial areas, many landlords do not favor to renew the rental agreement. You can usually check out this thing in earlier rental agreement under the right to renew section.

Hike in Rent

This is the most important thing that you should discuss with your landlord before renewing your rental agreement. As there are many landlords who tend to increase the rent even though your business is not doing great. 

Updated notice period

Usually, the notice period for the renewed rental agreement is 6 to 9 months depending upon the business and landlord as well. So, you should always keep this tenure in mind before signing the renewed rental agreement. You can refer a Rent Agreement Format For Shops to see all the points mentioned and Register Rent Agreement Online to get a perfect rental agreement for your shop.

Be aware if you can increase or decrease your space in the property

There might be circumstances when you want to increase or decrease your rented space due to fluctuation in your business. So, you should be aware of this fact before renewing your agreement by going through a Rent Agreement Format For Shops that might be available online.

If you can renew your agreement when been in default for some time

It is an important factor that most of the tenants want to know. There might be some situations when you are not able to pay your rent and become a defaulter. In this case, some landlords might not renew your agreement while some agree to do this keeping in mind the past record of the tenant. But it is completely the choice landlord whether he wants to renew the agreement or not.

Conclusion

It is always advisable for both the landlord and the tenant to opt for rent renewal rather than going for finding a new tenant and new property respectively. But if they have faced any issues in the past relating to financial problems they can surely choose not to do so. Renewing a rental agreement needs to Register Rent Agreement Online for a better option at a feasible rate. You can choose to renew a rental agreement from a well-renowned company like the Rentalagreement.in who guides you properly in such matters.

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5 Things You Should Know Before Renting Your House

A shop is a place where you are going to start your business and run the daily needs of your life. As for some people, it's not possible to get their own property and start a business but what they can do is rent for the property and run their business. For that, the tenant will need to sign a rental agreement which is a contract.

It is a contract between a tenant and an owner who is going to have temporary possession of the property. The registered rent agreement should have a proper format and all the necessary information in order to avoid any legal implications in the future. There are several things that have to be there in Rent Agreement Format For Shops for better convenience of both parties. 

Given below are the Things You Should Know Before Signing Rental Agreement For Shops.

Length of lease period should be considered

This is a very important step that needs to be taken care of before signing a Rent Agreement For a Shop. Considering a short lease period is much more feasible and safer. Because you can never predict the future of the business you have started. so getting stuck in a long term commitment might hurt your finances.

Who is responsible for what?

Make sure that the rent agreement clearly mentions the maintenance and repair related things in it. Ensure that the rental agreement clearly mentions the party names who will pay for what kind of repairs and maintenance.

Lease termination policies

Some of the Registered Rent Agreement has proper rent agreement format for shops which tends to automatically renew before its termination. While some rental agreements can only be renewed after contacting the owner. You should also consider the termination policies and charges before signing the agreement.

Other Terms And Conditions

Cross-check the rental agreement for other terms and conditions which you might miss. These kinds of things can lead to legal complications if not taken care of on time.

The Bottom Line

Consider hiring a professional for helping you with the proper rent agreement format for shops. He can help you with the negotiations and make you understand all the terms you might not be aware of.

Conclusion

It is very much important that you understand each and every detail mentioned in the Online Lease agreement before renting a shop for your business. As seen, most of the rental agreement runs fine most of the time. Though, you can ensure peaceful cooperation between both parties before signing the rent agreement.

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Office Sharing Agreement In Corporate World

Many times finding and renting an office space can be big and costly affairs in cities, especially in metro cities. Office sharing arrangement can be a savior between a group of like-minded people who can come together to share an office space with a primary goal to save costs and make the best utilization of resources (space, workstations, etc.)

This arrangement allows to further sublet a spare space and other resources to others, which brings down the rental and other miscellaneous costs. So the agreement for such arrangements require to have the key clauses with rules for usage of utilities and all resources being sublet

Key points

Purpose of an office sharing agreement

1. To use shared office space and other resources among like-minded business or entrepreneur
2. To cut down rent, other maintenance cost and operating cost of small business enterprises and startups

What does an office sharing agreement cover?

1. Details of all members involved in the agreement
2. Contract terms including executable, term period, expiry and notice period
3. Explicit important clauses that cover sharing of all resources and utility bills
4. Clause for amicable resolution in case of dispute/disagreement
5. Rent sharing and mutual consensus for common space

Before executing the agreement

There may be a clause in the master lease agreement that might prevent you to further sublet so please check and always keep your landowner in the loop before executing the agreement.

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5 Main Key Differences between commercial and residential lease Agreement

Commercial Lease Agreement 

A commercial lease is signed between a business entity and the owner of the property which the entity is interested in for a lease. The terms and conditions are laid down in such a way where the owner agrees to let the entity occupy the property to carry out activities as per the business along with the permissible modification in the property.

 Residential Lease Agreement

The term “residential lease agreement” refers to the legally binding contract created between a landholder and his tenant and contains all the terms for dealings a house or flat as a residence. This document is additionally referred to as Associate in the Nursing flat rental agreement or a landlord-tenant lease. commonly it's signed at the beginning of a rental term and remains in impact till the tip date indicated within the agreement.

Now Let’s see the Main Difference between Commercial Lease Agreement Residential Lease Agreement. 

As the name suggests commercial lease is for business purpose and the residential lease is for living use

1. A commercial lease is a contract between a business tenant and owner while the residential lease is between the individual(s) tenant and landlord.
2. In a commercial lease, the property is used for business and profit-making purpose whereas the property is primarily used for residential purpose and no commercial activities are allowed in a residential lease.
3. In a commercial lease, the rent consideration is typically based upon the amount of square foot/meter occupied by the tenant whereas in a residential lease the rent consideration is based upon a set amount per month varying from a month-to-month lease to a term of years.
4. In a residential lease, tenants have a lot more protection than commercial lease tenant.
5. In a residential lease, there are certain obligations that the landlord need to provide like water, electricity and certain maintenance whereas there are no such obligations for the commercial owners unless explicitly defined in the contract.

Though each state has its own rules and regulations on commercial and residential leases, all states make general distinctions between the two types of leases between landlord and tenant. 

As per the premise type, uses, and contracts one can choose an appropriate type
of Commercial and Residential Lease Agreement. If you need one Rentalagreement.in helps you to choose the right one, draft it and send it to your doorstep!

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Is it mandatory to register a rental agreement?

If a House rent agreement is there for a period of 12 months or more then it needs to be registered as per the Registration Act of India in the local sub-registrar office.

But if it is for a period of less than 12 months then it does not require to get it registered. Also, it is not mandatory to get this House Rent Agreement notarized as long as it is printed on stamp paper and duly signed by both the parties.

If it helped you to go for one Rental Agreement customized as per your need then you can try creating one with us. All you need is to have a few important details of both the parties involved in the agreement and you are all set to draft one for you. Once reviewed and paid the same will be delivered at your doorstep!

Save time, save money! Get the rental agreement at your doorstep in a few easy steps.


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