Rent Agreement Services in Chandigarh – The city beautiful, Chandigarh attracts a hoard of people from different for job opportunities and higher education. The inflow of large number of people generates a high demand for rental spaces in and surrounding locations in Chandigarh. However, renting a property in Chandigarh comes with its own set of rules and regulations. To formalize a rental arrangement many people, businesses or landlords opt to sign up for rental agreements. If you are in search for reliable Rent Agreement Services in Chandigarh or want to learn more about the entire process, this blog by Gupta Document Center is all you will need.

The blog, we provide a comprehensive guide on how to obtain a rent agreement in Chandigarh, top lawyers for getting a rent agreement and other crucial aspects related to the Rent Agreement Services in Chandigarh. After reading this guide you can easily carry out all the formalities to legalize your tenancy in Chandigarh.

Key Component of a Rental Agreement in Chandigarh

Rent deed registration services in Chandigarh have gained popularity over the time. Not only the lease deed or rent agreement gives assurance to the landlord, it also safeguards the rights of tenant from diverse cultures and backgrounds. The key components of rent deed agreement is given below:

Parties: The rent deed includes the names and addresses of the homeowner and tenant.

Property Details: The next component mentions the property details for the rental purpose.

Legal Clauses: One of the key aspects of the rent deed agreement is legal obligations for both parties and clauses related to dispute resolution.

Rent and Deposit: Another important clause is amount of rent, due date, security deposit, and late payment penalties.

Termination: This component mentions the conditions under which the lease can be terminated by either party.

Term: The beginning and end of the rent deed agreement is also an important component of the agreement.

Legal Requirements for Rental Deed Agreement in Chandigarh

For a rent deed to be acceptable in the court of law, there are a few legal requirements that it should, abide by. Any rental agreement in Chandigarh shall be drafted as per the legal requirements set by the government of India. The legal requirements for registering a rental agreement in Chandigarh are mentioned below:

The Punjab Rent Act: If the rent of a property is above a certain point, it is mandatory to register the rental agreement with the Rent Control Authority under the Punjab Rent Act, 1995.
Stamp Duty: To validate a rent deed agreement in Chandigarh, the payment of stamp duty is also required.
Registration Fee: It is mandatory to pay a certain registration fee to the Rent Control Authority.
Registration Procedure: The rental agreement must be registered within two months of execution in the presence of both the parties.

Documents Required by Landlord for Rent Agreement Registration

To obtain the rental agreement in Chandigarh you are required to submit a range of legal documents. Both the tenant and the homeowner are supposed to submit the documents. The list of documents to be submitted by the landlord are enlisted below:

Sale deed is required as the proof of ownership or title to property in original.
Two recent passport size photos
Any Government issued ID proof, like PAN card, driving liscence, voter’s ID, passport etc
Stamp paper of recommended value upon which the agreement is printed

Documents Required by Tenant for Rent Deed Registration

A tenant is also required to submit legal documents for the rent deed registration in Chandigarh. It is only after the proper documentation from the tenant, that a rent agreement can be legally verified in Chandigarh. The range of documents needed to be submitted by the tenant are mentioned below:

If the tenant is a registered Company, then a board authorization letter from that company, along with the company’s seal is required for registering the lease document.
The Power of Attorney should be presented if one person is representing another person for registration.
Two recent passport size photos
Government issued ID proof, like Aadhar card, Driving Licence, Voter’s Id, PAN card etc is required. In case the tenant is a foreigner, then his/ her original passport is required.

Stamp Duty in Chandigarh and Registration Charges for Rent Deed

Stamp Duty is a tax granted by the government on various types of transactions. It is a one-time fee paid by the individuals indulged in the transactions. The rate of stamp duty depends on the nature of the transactions and the location of jurisdiction where it occurs. The stamp duty rates are highest in the Chandigarh due to high average land prices in the city. Go through the table below to known the stamp duty and registration charges in Chandigarh on property different types of deed agreements.

Type of Document	Stamp Duty in Chandigarh
Transfer of Lease Right Deed	3 Percent
Sale Deed/Gift Deed in Chandigarh	6 Percent
Exchange Deed (Charged on the higher value of the concerned property)	3 Percent
Lease Deed 1-5 years Lease Deed 1-10 years Lease Deed 1-15 years Lease Deed 1-20 years Lease Deed above 20 years On Security/Advance amount if any	1.5 Percent 3 Percent 6 Percent 6 Percent 6 Percent 3 Percent

Different Types of Rental Deed Agreements

You can opt to draft different types of rental agreements based on your desired period of time and other requirements. Usually, three types of rent agreements are drafted by most of the landlords and tenants. Types of rental agreements are mentioned below:

Commercial Lease – This type of rental agreement registration or notarizaion is carried out for business and commercial ventures. The deal takes place between the landlord and a company or two companies. The deed is drafted meticulously to suit the requirements of all the parties.

11-Month Tenancy Agreement – It is one of the widely used rental agreement types all over the country. The document can be easily drafted without any registration owing to the short duration of time.

Hire Top Rent Agreement Lawyers at Gupta Document Center

Gupta Document center is a leading document center in Chandigarh. We have a team of expert lawyers to help you obtain your desired documents easily. At Gupta Document Center you will find top rent agreement lawyers in Chandigarh well-versed with the legal framework of the city. We have carved a niche in the city with our relentless pursuit to offer our assistance to everyone looking forward to draft a rental agreement in Chandigarh. We offer numerous benefits to our clients such as legal expertise, customization, protection of rights, and the prevention of disputes.

Although, there is a fee associate with using the legal services provided by our document center, connecting with us is still a cost-effective choice in the long run. Our team of top rent agreement lawyers ensures that you face no difficulty in getting your rent deed verified and guide you throughout the process on facing any difficulty. The range of benefits offered by hiring top rent agreement lawyers from Gupta Document Lawyers are given below:

We stay up-to-date with any changes in rental laws and regulations and constantly advise our clients on the next best step.
Our top rent agreement lawyers draft the rent deed with utmost precision to leave no scope of disputes and misunderstandings between the tenant and landlord.
We handle all the notarization and registration related to the rent agreement to obtain the lease deed as soon as possible.
We provide our clients with comprehensive and detailed rent agreement that covers all the aspects of tenancy.

Reach Us At!

Gupta Document Center is an all-time destination to get all your legal work done in time. To get information about rent agreement services in Chandigarh reach us at the contact details mentioned below:

Email:- Guptadocumentcentre183@gmail.com

Call Us:- +91-7888700485

Visit Us:– https://www.guptadocumentcentre.com/