We are living in a time where everyone is chasing their dream. It is either a settled career or a passionate dream or a set goal. Earlier, even now in some respects, “Roti, Kapda Aur Makaan” was the main priority in one’s life.Quick Connect
People mostly come to Gurgaon for different work opportunities or work transfers. Many work employees stay in Gurgaon and need to rent a house. One of the big reason’s migrants do not prefer buying a flat is because of the sole-reason for transfer jobs. Or they also think that they will not be spending their complete life in Gurgaon. Or there might be several other personal reasons. Of course, there are people with their own houses, who also give their home on rent. If you are one of the people who must get a rented house, you must know about the rent agreement service in Gurgaon and the ways and terms and conditions.
One of the conventional ways to outline a rental agreement is to deal with a lawyer and tell him what your requirements are. The lawyer prepares a rough draft that will include the parties' details and the land up for rent the basic details. Clauses wished by both parties should be included in the draft. This is something mandatory. Both Tenant and Landlord will then review the finishing version. This will cause no issues among the parties. If the rental agreement is then found acceptable, the legal document is then printed on the expected value stamp paper. The parties involved will position their signatures and the mandatory signatures of two witnesses. This is as per the basic procedure of drafting a rent agreement in Gurgaon. The paper is then listed at the local Sub-Registrar office.
Haryana has its procedure on the amount of Stamp duty to be paid to the State. For stamp paper for rent agreement in Gurgaon, the Stamp duty is: 1.5% of the total annual rent plus the deposit if the rent term is below five years. 3% of the total annual rent plus the deposit if the rent term is 5-10 years.
As we all know, managing legal matters can be monotonous. Steps like getting a document registered with the local Registrar office. However, it provides you the following benefits:
e-Stamping is a new concept all-in-all for Gurgaon. It was Introduced recently, March 2015, precisely. This e-stamping system is yet to replaces with the conventional stamp papers sold by the treasury or the banks. This e-stamping system is run by the State government and is quite different from the one operated by Stock Holding Corporation of India (SHCIL). • Currently, the traditional stamp papers are going to be more widely available than their electronic counterparts.