In addition, “notary” refers to a person appointed as such under the Notaries Act 1952 and entitled to notarize the document. Although not all agreements are widely authenticated, it is generally recommended for long-term and commercial agreements, because if involved in litigation, a notarized document can be a secure net in which one can fall back. You can learn more about notarization and all that it involves on our website. It should be kept in mind that a rental contract printed on a stamp paper is not applicable if it is not registered with a sub-registration office. It is therefore expected that the same thing will be registered with a sub-registrar`s office in order to make it legally enforceable in the event of a dispute. Once you have prepared the project with us, the next step would be to print the draft lease on buffer paper. While e-stamping is not widespread throughout Gujarat, with the exception of Ahmedabad, Stamp securities can be purchased by the sub-registrar offices, shcil (Stock Holding Corporation of India Limited) and some banks such as Bank Of Baroda, Punjab National Bank, Canara Bank, Yes Bank, etc. For the purchase of a stamp paper, a tax must be paid to the government in the form of a percentage of the rent paid each year to the landlord. In the event of non-payment of stamp duty, both the landlord and the tenant must expect the consequences of a dispute in which an additional amount must be paid as a fine. For one of the most efficient and cost-effective ways to prepare your lease with all the clauses available with an adjustment option, you will find it easier to use our portal to prepare a project in minutes. In addition, all draft contracts, documents and business documents that we have on our website are legally valid and ready for use. Caution should be exercised when preparing a lease, as if there is an error, the owner may find himself in a problem. For security reasons, DocGalaxy offers a prefabricated lease to gujarati An.
Once the registration of a rental agreement has been completed, both the landlord and the tenant can guarantee full transparency, which is in the best interests of the landlord and tenant.