How To Register Rent Agreement In Bangalore

Rent agreement is the fundamental document meant to establish a transparent and mutually-responsible relationship between a landlord and a tenant. It sets out the mutually agreed terms and conditions between both the parties and also point out their obligations and responsibilities.

That is why it is highly important that rent agreement should contain all the necessary details about the transaction and not miss out on any element. Here is a quick checklist about the subjects a rent agreement must cover:

• Amount of security deposit and monthly rent
• Total duration of the tenancy
• Date from which the agreement goes effective
• Full names and permanent addresses of landlord and tenant
• Date by which monthly rent needs to be paid
• Penalty clause in case of delay in paying the rent
• Usage charges towards electricity, telephone, internet, etc. to be paid by the tenant
• Responsibilities towards damages and repairs
• Prohibitions on making structural changes and sub-letting
• Lock-in period, if any
• Restrictions about keeping pets, etc.
• Lease termination and extension clauses

Both the parties-tenant and landlord, must check all the clauses mentioned in the document before signing. It is a good practice to first share the draft agreement with each other before going for printing. Once, you check and understand the details and terms and conditions mentioned in the document, it can be signed off.

Stamp duty on rental agreements in Bangalore

The Registration Act makes it mandatory to register a rent agreement with tenancy duration exceeding 11 months. The state of Karnataka has ascertained the following stamp duty charges towards rent agreement.

• 1 percent of annual rent for tenancy duration up to 10 years
• 2 percent of annual rent for tenancy duration above 10 years

However, the maximum threshold of Rs 500 towards is applicable as stamp duty on a rent agreement. Thus, stamp duty is paid as per the above-mentioned rates, whichever is lower.

As Karnataka is one of the states that has implemented e-stamping, you can easily buy it from the high court campus.

How to register a rent agreement in Bangalore?

In order to register a rent agreement above 11 months duration, you need to get the agreement printed along with the applicable e-stamp and get it registered with the office of Sub-registrar.

The registration will require following documents to be submitted:

• Ownership proof of the property. Example: Registry docket, municipal tax receipt.
• Government ID proofs of both landlord and tenant. Example: Aadhar card, driving license, voter ID card and/or passport.
• 2 passport size photographs

To complete the registration process, you will also require two witnesses to sign on the agreement. Once your rent agreement is registered, it becomes a legally admissible document and can be used as evidence in case the transaction turns awry and enters into legal dispute.

Sub-registrar office in Bangalore

ADDRESS

PHONE

ADDRESS

PHONE

BANGALORE RURAL

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