Witness E-Signature Basic Rental Agreement For Free

Stamp Duty Requirements In Tamil Nadu, the Stamp Duty paid for rental agreements is usually 1% of rent+deposit amount irrespective of the lease term. Usually for rental agreements for period below 11 months, twenty rupees Stamp papers are used.

Documents Required for Registration of Rental Agreement Property documents such as tax receipt of the property to be rented out. Passport-sized photographs of each of the parties and the witnesses. Address proof of both parties and witnesses (Passport, Aadhaar card, ration card, bank passbook or driving license)

Registration of rent agreement is mandatory in Tamil Nadu even if the rental period is less than 12 months. Only written agreements can be registered and become legally enforceable. Oral agreements cannot be registered and therefore, have no legal sanction.

In Chennai, registration fees are roughly 1%, with a cap of Rs 20,000, in addition to stamp duty. It can cost you more money to employ a legal professional to draft the lease and register it.

Two witnesses are required to be there to sign the agreement, along with their ID proof.

Signature for Rent Agreement and Lease Agreement Signature allows you to sign your documents electronically from anywhere in the world. It is equally valid as your handwritten signature. It is as simple as writing your name with the help of mouse.

You will require two witnesses to the rent agreement and will also have to mention their details, ID proof document, and their signature. The witnesses can be your friends, colleagues, and neighbours but not your family members.

Details that an online rent agreement must have include: Name and addresses of the landlord and the tenant. Digital signatures of the landlord and the tenant. Type of tenancy. Duration of tenancy. Monthly rent. The extent of increase in rent every year. Security deposit. Terms and conditions of the tenancy.