b) Offline leases to Pune and PCMC can be entered into with the Sub Registrar Office. All necessary information is made available to the chancellery if the landlord and tenant are present at the office. The scanned photos are taken at the chancellery itself. Owners and tenants must be present during the rental agreement. What agreement is privileged, registered or notorious in the interest of a housing company? The notarized lease is concluded under the direction of a “public official” or a “notary” who authenticates the document. For a property, a notarized lease is entered into by the tenant or landlord. The notarized lease format generally has 12 clauses that are established by the Maharashtra government under the Maharashtra Rent Control Act in 1999. As a general rule, the clerk reviews the entire document and verifies stamp duty and registration fee paid by e-Challan. It also verifies whether the PoA holder is properly authorized and has the necessary powers to sign and register the agreement on behalf of the owner. Once the Registrar or Sub-Registrar has passed with all the things mentioned above, the same contract is then recorded by a single registration number with the thumbprint and stamp of the OAR, payment receipt and index-2 awarded by licensed premises.
Imagine that you have been living together for many years and you pay a small rent, then suddenly your landlord increases the rent and you have no choice but to pay. Well, if there had been a lease, such a situation would not have happened. Therefore, the lease is an essential legal document that sets out the terms of the lease and binds the contracting parties to those terms. A recorded document becomes a public document and can be accessed according to legal procedures. A notarized certification agreement has the stamp (signed before me), the seal and the sign of a notary on the last page of the agreement. There is a difference between the online lease and the notarized lease. The notarized lease cost between 500 and 2000. Creating an online rental contract in Pune can cost between 2800 and 3200. (depending on stamp duty and property rental fees) There are some of us who were not born at Mr Deep Pockets, so obviously we don`t have houses all over the world like our wealthiest colleagues, and then there is another group of people who can afford opulent lifestyles, are pretty happy and rarely want to buy real estate and settle down.