In this blog, we discuss the difference between notarized and registered contracts and what is best for your contract. The difference between the registered lease and the notarial lease is that a notarized contract is a rental document signed before a notary to establish its authenticity. On the other hand, a registered lease is an agreement between the tenant and the landlord on a stamp paper registered with the sub-registrar of the territory. It is formed if the rental period is longer than 11 months. An agreement printed on a stamp and registered with the Regional Registrar or Sub-Registrar is called a registered agreement. A copy of the registered agreement is stored in the government database and each registered agreement is associated with a unique identification number so that it can be easily identified. Registration of an agreement can be done online or by going to the office of the registrar or deputy registrar. The process of registering an agreement varies from state to state, so please check the exact process in your state. Although the registration of each document is not required by law, some documents must be registered.
B for example all agreements related to real estate, such as the sale of land deeds. The notary does not check the terms and conditions of the contract, but only verifies the identity of the licensor and the licensee A deed of rental means a contract between the owner and the tenant and should therefore serve not only as proof of the rental, but also as an instrument to protect the rights of the parties. Therefore, it is best to consult a local lawyer before drafting a rental agreement and get clarification on registration, stamp duty, etc. A notary can notarize an unregistered lease. But even then, it may only be admissible as proof of address and may not be sufficient to protect the rights of the parties. You can prepare an unregistered rental agreement on state-issued INR 50 or INR 100 stamp paper. The notarized agreement is an agreement certified by the notary appointed by the government. If the contract is for 11 months, it is mandatory to notarize the rental agreement. This should be done because the signing of the agreement will only be considered valid if the government-appointed lawyer has signed and sealed the agreement. The notarial lease is concluded under the direction of a “public official” or a “notary” who certifies the document. A notarized lease for a property is entered into by the tenant or owner.
According to article 49 of the Registration Act, an unregistered rental agreement is not provable. Leases of less than 11 months do not need to be registered or notarized. The registered agreement is an agreement entered into in the office of the Sub-Registrar. It is registered by paying stamp duty and registration fees. A notary, also known as a notary, is a public commissioner who serves as an impartial witness for the signing of the contract. Documents that may require the services of a notary include real estate deeds, affidavits, wills, trusts, non-disclosure agreements, and powers of attorney. In India, notaries are mainly lawyers and lawyers. A notarized agreement is an agreement that is certified by a notary.
The notary only verifies the identity of the licensors and licensees who sign the contract and stamps the contract as “Signed in front of me”. Simple three-step process to create a notarized lease. A notarized contract bears the stamp (signed before me), the seal and the sign of a notary on the last page of the contract. If the lease is written for 12 months or more, a lease registration becomes essential. You can register a rental agreement with the registration office of that city. The filing fee for a registered lease varies from state to state. The registered lease agreement is legally binding on both parties and admissible as evidence in court. The registration fee for a rental agreement is usually around INR 1100. The lease registration fee is payable regardless of the amount of rent or the value of the property. The stamp duty fee also applies to the rental registration fee. 3.
A notarized contract is not a mandatory document, however, a registered rental agreement is mandatory for a period of more than 11 months. A notary has the right to certify the document, to take an oath to a person and to perform other such functions. A notary simply ensures that the parties enter into an agreement at their own request and that they are authorized to enter into such an agreement. All leases entered into for a period of more than 11 months must be registered with the Deputy Registrar`s Office. The Sub-Registrar verifies the validity of the entire document and also checks whether the required stamp duty has been paid or not, only after he registers the agreement. Stamp duty and registration fees for rental vary from state to state, and reference is made to that state`s stamp duty law. Do you want to rent your home to someone? Be sure to sign a lease first. A lease is a legal contract signed between the landlord and the tenant. The registration of a rental contract serves as valid proof in case of possible dispute. .