I am living in a rented property for 5 years now. Hope your doubts are clear by reading this answer. This is the difference between notary and registration. Registered rent agreement is valid till 11-12 months.Cost of registered agreement is Rs 110.A registered agreement can be claimed in court.A registered agreement is expensive as compared to notarized rent agreement.A registered rent agreement is a rent agreement printed on a stamp paper and registered with the sub-registrar office.Both the parties need to prepare a new agreement. Notary rent agreement validity is for 11 months after that if the tenant wants to stay in the property.Notary charges for rent agreement are usually printed on the 100 or 500 rupee stamp paper.Notarized agreement can not be assembled in court in case of dispute between the owner and tenant.This agreement is prepared by the legal authorities such as lawyers and advocates.A notarized rent agreement is an agreement printed on the public notary stamp paper.
If we talk about notary agreement vs registered agreement which is better, both have there own pros and cons that are described below
#DEFINE NOTARIZED REGISTRATION#
In this anwer you will understand notary agreement vs registered agreement which is the better choice.ĭifference between Notary and Registration There are two processes to prepare a rental agreement: notarized rent agreement and registered rent agreement. A notarized agreement is not a mandatory document, on the other hand, a registered rental agreement is compulsory for a period above 11 months.Īre you a responsible landlord? A responsible landlord is a person who makes sure to prepare the rent agreement before delivering his/her house keys to the tenants. The cost of a notarized document is lower than the registered rental document stamp duty and registration charges are applicable.ģ. A notarized agreement is not admissible in court, a registered rental agreement is admissible in courtĢ. The major differences between a notarized agreement and a registered rental agreement are:ġ. A rent agreement is required to be registered with the sub-registrar if the rental period is for more than 11 months. A registered rent agreement is admissible in the court for legal proceedings. Whereas, a registered rental agreement is a rental agreement on a stamp paper that is registered with the sub-registrar of the area. Notarization is helpful in averting frauds.
#DEFINE NOTARIZED FREE#
The tenants and landlord both can be stress free and the entire legal procedure is duly followed by NOBROKER.Ī notarized agreement or a notarized rental agreement is a document verified by a notary declaring the authenticity of both parties signing the documents. NOBROKER provides legal guidance regarding Registration of the rental agreement. Though the charge and procedure for registering the rental agreement is more detailed compared to notarized agreement, the benefit is also higher and safer than notarized rental agreement. In case of major disputes the government records are the best proofs. it is valid.Īlso a copy of the registered rental agreement is always in the government records where as in notarized agreement only minor details are present.
A notarized agreement can only be treated as a valid proof ID address and the cases such as getting a new phone connection or a Wi-Fi connection etc. There is no such compulsion in case of notarized agreement.Ī major advantage of a registered rental agreement is that any act involving the government like passport application, for renewal of passport, claiming HRA deduction etc.
This is accepted as proof of residence in maximum states of India.Īccording to the Transfer of Property Act it is mandatory for all rental agreements for a period of more than 11 months to be registered. Another advantage of a notarized agreement is that when rental agreement is immediately required between the landlord and tenant, the notarized rent agreement can be quickly made. The stamp duty of rent agreement paid is low in the notarized rent agreement. Notarized rental agreements can be easily printed on stamp paper under the guidance of a public officer or a notary public just need to verify it and confirm it and can authenticate the document. The process is very easy compared to the registered rental agreement. It is not binding and is actually made for mutual understanding. Notarized rental agreement is generally made for immovable property by the tenant or the owner.