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Renting a property in Haryana is a common practice, but it`s important to understand the legal requirements to ensure a smooth tenancy. Landlords and tenants must register the rent agreement with the authorities to make it legally binding. In this article, we will explain how to register rent agreement in Haryana.
Step 1: Prepare the Rent Agreement
The first step is to prepare a rent agreement that outlines the terms and conditions of the tenancy. The agreement should include the name and contact information of both the landlord and tenant, the property description, the rent amount, the security deposit, the duration of the tenancy, and any other relevant information.
Step 2: Stamp Duty Payment
Once the rent agreement is prepared, the next step is to pay the stamp duty. The stamp duty is a tax levied by the state government on the rent agreement. The stamp duty is calculated at 1% of the total rent amount for leases up to 5 years and 2% for leases exceeding 5 years.
Step 3: E-registration of Rent Agreement
The government of Haryana has made it compulsory to e-register rent agreements. The e-registration is done through the official website of the Department of Revenue, Government of Haryana. The landlord or tenant can apply for e-registration by filling an online application form and submitting it along with the stamp duty payment receipt.
Step 4: Biometric Verification
Once the application is submitted, biometric verification of both the landlord and tenant is required. After the verification process is completed, the rent agreement is registered, and the parties will receive the registered copy of the agreement.
Step 5: Document Submission
The landlord or tenant must submit the registered rent agreement to the sub-registrar`s office within four months of registration. The sub-registrar`s office will then stamp the agreement and provide a certified copy of the rent agreement.
Conclusion
Registering a rent agreement is mandatory in Haryana. Both the landlord and tenant must ensure that the process is completed within the specified period. Failure to do so can result in legal complications. Following the above steps carefully will ensure that the rent agreement is legally binding and provides a smooth tenancy experience.