Registration of a rent agreement in Mumbai is not mandatory as per the law. However, it is advisable to get the agreement registered as it provides legal validity and helps in case of any legal disputes in the future.
Yes, rent agreements can be made online in Mumbai through our online rental agreement platforms. Our platforms offer templates that can be customized as per the requirements of the landlord and tenant and we assist you further with KYC and biomatric verification as well at your door step.
The stamp duty for a rent agreement in Mumbai is 0.25% of the total rent amount for the lease period. In case the lease period exceeds 60 months, then the stamp duty is 1% of the total rent amount for the entire lease period.
A rent agreement should include details such as the names of the landlord and tenant, the property address, the rent amount, the security deposit amount, the duration of the lease, and other terms and conditions related to the rental.
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