Online Rent Agreement in Bangalore

Online Rental Agreements in Bangalore

Known for its thriving IT sector, Bangalore attracts professionals from across the country, increasing the demand for rental homes. However, navigating the rental agreement process can be confusing, from understanding stamp paper value to ensuring proper registration. With NoBroker’s Rental Agreement Services in Bangalore, you can skip the hassle and get your house rental agreement in Bangalore drafted, e-stamped, and registered online, all without visiting government offices. Enjoy a seamless, legally valid, and broker-free experience with NoBroker.

Different Types of Rental Agreements in Bangalore?

NoBroker offers two types of services in Bangalore

Rental Agreements in Bangalore
Lease Agreements in Bangalore

An Online rental agreement in Bangalore offers the right to tenancy to the tenant for a short time (typically 11 months). Once the duration ends, the period can be automatically renewed at the latest rental agreement charges in Bangalore. The cycle continues until the landlord or the tenant wishes to end it with mutual consent.

NoBroker offers customized rental agreement templates to cater to the needs and requirements of the customers.

The tenant has to pay monthly rent and a one-time deposit. In most cases the deposit is refundable.

As opposed to a rental agreement in Bangalore, a lease agreement is for a longer time of 12 months or more. When any rental property exceeds the timeframe of 1 year, many laws apply to it. As a result, the legal documents for the same have to be framed very carefully, including considering the appropriate stamped rental agreement in Bangalore.

As the time duration of the tenancy is longer, the deposit is high, which is paid when the tenant vacates the property. Unlike the Bangalore rental agreement rules, the lease agreement is terminated after the lease expires. This means that the contract does not renew on its own. Both the tenant and the owner need to go through the entire process to renew the agreement.

Till the new lease agreement is made, the tenant has to pay the rent on a daily or weekly basis.

How Much Security Deposit Can be Charged by a Landlord?

The government of India allows the landlord to collect a security deposit from the tenant before he moves in. The security deposit should not be more than a total of two or three month’s rent.
As per the Bangalore rental agreement rules, In case a tenant damages the property and absconds it, the owner can use the security deposit to cover the expense of the repair works. However, when the tenant is in the flat, and some kind of maintenance or repair work is needed, the owner cannot use the security deposit. He has to bear the cost from his pocket.
However, this has to be mentioned in writing while creating your rental agreement to avoid any conflict in the future. Also, it is crucial to discuss with your owner about the refund. Some of the owners require tenants to look for their replacement, and only then do they release the deposit.

What are some of the Pointers to Discuss with your Landlord before the Creation of a Rental Agreement in Bangalore?

Having the critical issues resolved before moving in and taking the same in writing helps keep away potential conflicts in the future. Below are some of the aspects you need to iron out:

Length of the Tenancy:

You might have a contract signed at your office for 2 years and you are required to stay at this place for the same period. In such a case, you must put forward your request before the owner. If the owner has any concerns regarding the length of the period, he will mention it to you. This way, you can come to a mutual ground and decide the length of the tenancy.

Rent Amount and Security Deposit:

In most cases, the rent amount and security deposit are non-negotiable. However, you can try to get it reduced as much as possible before you move in. Also, the owner can’t ask for a security deposit that exceeds the rent amount of more than three months. Hence, you can discuss the same and come to a conclusion.

At this point, you should also discuss the scenario when the rental agreement expires and the tenant continues to stay till he finds a new place.

Number of People:

Usually, there is no limit on the number of people, when the tenant brings his family to the property. However, in case you are a bachelor, the owner may restrict the number of tenants. In some cases, he may even levy restrictions on the opposite gender to enter the property.

Access of the Landlord to the Property:

This clause applies when the landlord is living in the same apartment/building as that of the tenant. Usually, there is a separate door in buildings to give the tenants the privacy they require. However, in the apartments, access to doors and some utilities may be common for tenants as well as the owner. In such a case, the tenant should ask and understand the access of the landlord to the property.

Repair, Maintenance, or Damage Cost:

Your rental property may need a plaster or paint and your agreement is about to expire in two months. You would not want to spend maintenance on the property you are vacating. This calls for a healthy discussion with the landlord before moving in. Make a list of the utilities and decide who pays for what.

Also, if you think the building needs any repair prior to the lock-in period, you can get it sorted by the owner.

There are some other clauses with regards to food habits, late coming, drinking, smoking, pet ownership, etc., which you can discuss if at all it applies to you.

Stamp Duty and Rental Agreement Charges in Bangalore

Karnataka is the first state to replace conventional stamping with e-stamping completely. You need to notarize your rental agreement, even though it is for 11 months, as a fraud-deterrent measure.

What are the Legal Requirements to create an online rental agreement in Bangalore
Every state in India has its laws when it comes to legal requirements. In the state of Karnataka, the following are the legal requisites for the creation of a rental agreement:

The rental property should be either used for residential or commercial purposes. The purpose of use has to be specified in the rental agreement
Every aspect has to be written in the agreement, no matter how unimportant it may sound.
The tenant and the owner must decide who is paying for the stamp duty and registration of the rental agreement. The owner should take care of the rental property before handing it over on rent to the tenant. If the property needs painting or any type of repair work, the owner must undertake it.
The tenant must bring to light if there is any type of damage to appliances or the property before vacating the rental property.
All the documents presented during the creation of the rental property should be original. The biometric verification should be done.
The registration process also needs two witnesses, their original identity proofs, and their biometric impressions.
The owner must give the tenant a copy of the rental agreement in Bangalore to present it as legal address proof during the lock-in period.
If the tenant moves out of the property during the lock-in period, the owner may decide whether or not to release the security deposit paid by the tenant.

What are the Documents Required for Rental Agreement Registration?

To create a rental agreement, you will require some of the basic documents.

For Tenants:

Passport-size photographs
Photocopy of identity proof (PAN card, Aadhar card, election card, passport, etc.)
Original identity proof for verification

For Landlords:

Passport-size photographs
Photocopy of identity proof (PAN card, driving license, Aadhar card, etc.)
Original identity proof for verification
Electricity bill or tax receipt of the property

For Witnesses:

Passport-size photographs
Photocopy of identity proof (PAN card, Aadhar card, election card, passport, etc.)
Original identity proof for verification

These were some of the important aspects to consider before renting a property. If you wish to get through the online registration for the rental agreement in Bangalore, you can simply log in to the NoBroker portal, fill out the online registration form, and get the doorstep delivery of your rental agreement.

Getting an online rental agreement near you just got easier, with NoBroker’s hassle-free and fast online rental agreement service.

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