Clause 1: Owner and tenantDetails. In the drafting process, you must mention who owns, who is a tenant and their respective national identity period, you must specifically mention the Aadhar card and the owner and tenant`s pan card in the rental agreement with residence address. e-Registration is a new facility introduced by the Registration Department – Stamps, Government of Maharashtra, which allows you to register your rental contract online without visiting the Registrar/Sub Registrar Office. Signatures are collected using a biometric device and user data is verified using the Aadhaar database. Network People Services Technologies Limited (NPST) is a licensed service provider that has provided this service to citizens through citizen contact 1860266606 and online via serveseva.in The owner or tenant must complete the necessary information to obtain the holiday and license contract in Maharashtra. Our representative will verify the identity of the landlord and tenant with Aadhaar`s number with 2 witnesses. Once the audit is complete, you will receive your registered contract within 3 business days. Clause 6: Time to terminate and notice, it is important to discuss the notice period and the notice period is generally 10% of the total duration. For an 11-month termination period, it is usually one month. Each party can terminate the contract by announcing one month in 11 months of agreement. “UNDER Section 55 (1) of the Maharashtra Rent Control Act, 1999, any holiday and licensing or rental agreement between the landlord and the tenant or the licensee on the merits should be written and should be registered in accordance with the 1908 Registration Act.” Commercial clause 2: rent. The most important clause in the tenancy agreement is the monthly rent. It should be explicitly mentioned the monthly rent in rupees of the tricky part here, you must also mention if the rental is paid in advance or late.
Many people have forgotten to mention this clause and argue about whether rent or arrears are paid in advance. After the contract is concluded, you will keep our customer support team and Portal informed of the status of the document. Fees can be paid online/cash, if possible, just choose your option. The departure of IGR from Maharashtra has launched a new initiative for the termination of leave and the licensing agreement. This complete process of registration of leave and the license agreement if the lease agreement can be online successful clause 4: Duration of the license: Duration of the lease is the specified duration of the rental or vacation contract and the license agreement. As a general rule, if your writing of the leave and licensing contract lasts 11 months. If the lease is more than 11 months, then the variable rent must be mentioned in the example agreement, the agreement is for 22 months then for the first 11 months of rent will be 20000 and for the next 11 months it will be predefined rent increase, usually rent increase is 5% to 10%, i.e. for the next 11 months of rent will be either 21000 or 2000, which you negotiated before entering into an agreement.