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Documentation
Lease agreement
If you own property and want to rent it to a person or business, Capital Properties can help you to prepare the legal documents you need. Our document preparation professionals can quickly and easily help you create a comprehensive Lease Agreement tailored to your particular requirement - whether the lease is for an apartment (furnished or unfurnished) or an office(furnished or unfurnished).
Using the basic information that you provide us, our document preparation professionals can prepare the following fully completed lease agreements for your use. You need to simply provide the tenant and other pertinent information to us and we will take care of the rest.
Property Registration
Registration of the property is one of the most tedious jobs in purchasing, buying or renting a property. You have to ascertain the market value of the property to calculate the stamp duty, transfer duty, and registration fee payable on the instrument. The market value assistance counter in Sub Registrar (CARD) office will provide these particulars if you furnish the details of the property in whose jurisdiction, the property is situated.
- Basing on the market value of the property stamp paper is purchased.
- Then the document has to be written and executed in the presence of two witnesses.
- Necessary enclosures have to be enclosed to the document.
- The document has to be presented to concerned Sub Registrar in whose jurisdiction the property situated.
- Then the Sub Registrar will scrutinize the document regarding classification of the document and payment of proper stamp duty etc.
- You have to pay the deficit stamp duty, if any.
- The executants (Seller) should appear before the Sub Registrar and admit execution of the document. The two witnesses are required to be present before the Sub Registrar to authenticate the identity of the executants (Seller).
- The SR endorses the admission of execution after following office procedures and he will add registration certificate on the document itself. Then the document will be returned to the claimant (Purchaser) or to his authorized agent.
- In CARD office the document will be returned within 1 hour after presentation before the Sub Registrar
- In non CARD office the document will be returned on the fourth day.
Tenant Agreement
A tenant agreement, also known as a rental agreement or lease agreement, is a legally binding document that establishes the terms and conditions of the rental arrangement between a landlord and a tenant. This agreement typically includes details such as the rental amount, security deposit, duration of the tenancy, responsibilities of both parties, maintenance terms, and any rules or regulations specific to the property. By outlining these terms in writing and having both parties sign the agreement, it serves as a formal contract that governs the landlord-tenant relationship.
In the Indian context, a tenant agreement is crucial for several reasons. Firstly, it provides legal protection to both landlords and tenants by clearly defining their respective rights and obligations. This helps prevent misunderstandings and disputes that may arise during the tenancy period. Secondly, the agreement helps ensure financial security for the landlord by specifying the amount of security deposit to be paid by the tenant, which can be used to cover any damages to the property or unpaid rent. Additionally, having a written agreement in place helps both parties comply with the legal requirements set by the Indian government regarding rental properties, including tax implications and other regulatory obligations. Overall, a well-drafted tenant agreement plays a vital role in fostering a transparent and harmonious landlord-tenant relationship.
Custom Solutions
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