Online Registration of Rent Agreement – 7 MISTAKES TO BE AVOIDED WHILE RENTING APARTMENTS
Online Registration of Rent Agreement – 7 MISTAKES TO BE AVOIDED WHILE RENTING APARTMENTS
Don’t follow fake listings for online leave and license registration –
Nowdays everything is available online including Online Registration of Rent Agreement. There are many websites which provides listing of premises on rent or estate agents. Even people are using property sites and social media as tool to get direct contact of people for getting premises on rent. Practically there are more than lacs of listings of properties and agents online available right now and half of them are people impersonating as estate agents or real owners of the property. Citizens have to save themselves from such odd things.
Mostly there are people who are involved in scam. To lock the deal they will demand you to send quick booking amount through online app and once you transferred money they will vanish from social media and switch off their mobiles. Therefore before going forward for communicating with anyone, please recheck the listings you are having, Confirm identity and then go forward. In any situation do not proceed with online transaction till you confirm identity. The fraud person will send you his fabricated AADHAR Card and PAN card but don’t rely and transfer any money. Finally this will ended up in Lawyers office.
Giving personal information’s on websites or to property agents leads to identity theft –
Most of the websites or estate agents ask your personal information which lead to positive effect in your mind that if the other side is asking your identity proof and information indirectly means they are genuine and they want proof of your creditability before proceed and the same leads to action giving further crucial information just for sake of getting better property deal. Most of the agents and property websites provide your data to the other property estate agents and property websites and then new drama starts online on your phone. You will get several calls as your information will be listed as property seeker online by many people in order to get better cut in a deal.
Promise and further back-stab-
Most of the local fraud agents do such things. They will show you photos and videos of the one premises and after getting the advance, finally inform you that due to dispute with premises owner now he canceled the deal. Further, he will show you other premises as an alternative but will not show fully cons of taking the premises. In order to save money paid to agents, you will eventually say yes only and agent will earn big amount from both sides for cracking a good deal.
Police verification don’t need to be paid-
Most of the local agents fool you by saying that Police verification is compulsory for the Society and will inform you that Police station will not give verification on time. Most of the people who wants to relocate urgently become fools in the hands of Agents. Police verification process for tenants done previously are technically changes few years ago. Now you need to fill the simple form of Police verification with photos of landlord and tenant and their information and attaching the agreement to it.
You have to just submit and get the acknowledgement copy from the local police station and submit the same in the society. Agents by giving false information about the procedures extract more money from you. Now you can do online police verification for rent agreement whether you are executing offline rent agreement or leave and license agreement online.
Rent agreement registered or notarized ?
Most of the agents and proposed tenant will fool you by saying why do you want to pay stamp duty to the government??? Just notarized the agreement on 100rs stamp paper and agent will take the guarantee of the tenant. If you will not help the government by paying their legitimate dues in form of stamp duty and registration fees, the government will not help you in you bad times. If you will notarized the agreement no one will believe on your notarized agreement.
If tenant do not vacate the premises or trying to grab the premises, in such situation you have to approach small causes court and your case will be take more than 6 years to get justice. So avoid such mistakes while renting apartment.
If you will register the agreement for the premises, you will get the protection of competent authority established by the government. You can lodge the complaint to competent authority who will disposed off your matter speedily and impose fine also and give compensation too.
Therefore always say yes to the register agreement. Now since last 4 years Government of Maharashtra started rental agreements online. By using the said facility you can register your agreement online at home or office. Shreeyansh Legal have special team for doing the said task for facilitating the citizens online @ home service in order to save citizens money they are paying to agents and at government offices as bribe. So always say yes to the leave and license agreement online.
CLICK HERE TO KNOW THE IMPORTANCE OF POLICE VERIFICATION.
Avoid last minute changes in online leave and license registration–
Always avoid last minute changes in the agreement as it could be possible that both sides could play foul game by changing rent or deposit amount on time and change their words lateron. You can save your money by becoming more vigilant at the time of execution of the agreement.
Be prepared for early move out scams-
When you will register the rent agreement and entered the premises you will feel that task is successfully completed. Nooooo, not at all. Be ready for another action. Most of the time landlord provide premises with ready made furniture and appliances and lateron will inspect the premises and blame you for damage of particular furniture and appliances and will demand premises back and at the time of return of deposit he will cut the damages amount from it. You will be grilled lock in such situation.
You can save your self by doing following ;
- Take photos and videos of whole premises along with furniture and appliances. Keep in your mind there should be watermark of date and time in your each frame of video and photos as proof.
- Mention the list of furniture and appliances in the registered rent agreement.
- Mention the lock-in period in the agreement so that even if something happens landlord can not throw you out in lock-in period.
Apartment searching will felt like a virtual tract of scams. Thankfully, the above precautions will help navigate you thru most typical housing scams safely. If it does not feel right, walk away. Continuously enforce seeing the property in person before proceed with any further housing rental steps. Never complete the rental application or background check info while not ensuring the property and landholder square measure legitimate. Avoid wiring cash to complete the dealings — and likewise, avoid paying in money.
Use a cashier’s cheque (which is simpler to trace) or a credit card once doable. Vet the listing agent, either by doing some detective work the net web site and making some phone calls. Get the lease or the terms of the rental in writing, and take care it includes contact info for the owner that has a physical address and telephone number (not simply a PO Box).
How Much Stamp Duty For Rental Agreement :
In-state of Maharashtra, leave and license agreement registration are required to be stamped, with fixed stamp duty of 0.25 % of the total rent for the period. In case any non-refundable deposit is also paid to the Owner of the premises, stamp duty at the same rate will be charged on such leave and license non-refundable deposits, as well.
Which Stamp Paper For Rent Agreement :
In case of leave and license agreement registration, it highly recommended that one should register rent agreement as if you opt for a registered rent agreement you will get the protection in case of dispute in form of a dispute resolution forum called “Competent Authority”. In case of slum properties or huts, people opt for notarized rent agreement which is not illegal but properly stamped as required by the government. Such notarized rent agreement could be executed on stamp paper of Rs. 100/- and Non-judicial stamp paper are used for rent agreements.
APPLY ONLINE REGISTRATION OF RENT AGREEMENT NOW
Read More:
- Maharashtra CMO to House owners- No Eviction of tenants, Postpone recovery of pending rent
- ADDRESS CHANGE IN AADHAR CARD WITH RENT AGREEMENT! 3 SIMPLE WAYS TO DO IT.
- VITAL CONDITIONS YOU MUST HAVE IN YOUR RENT AGREEMENT
- IMPORTANCE OF POLICE VERIFICATION – 4 charged for not furnishing rental details of Nigerian tenants
- 5 STEP BY STEP GUIDE -ONLINE POLICE VERIFICATION FOR RENT AGREEMENT MUMBAI
- REGISTER RENT AGREEMENT ONLINE.
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