As a rental property owner, it is extremely important to secure the property by drafting a thorough rental or lease agreement; Especially now, when the tenancy disputes are growing day by day, a well-drafted rent agreement is crucial to protect your rights as a landlord. Usually, the process of making the rental agreement is a pretty tiring process that takes up a lot of your time and effort. But now, with Housewise’s online rent agreement services homeowners and tenants can save the hassle of making the rental agreement and can complete the whole agreement formalities at the comfort of their own home.
So, how to make online rent agreements, and what is the legal validity of the online rental agreement?
What is a rent agreement?
A rental agreement is an important part of organizing a successful tenancy. It not only entails all the terms and conditions under which a property is given out on rent but also fosters the relationship between two parties and protects their rights. It is technically a legally binding document which gives the tenant the right to live in the property and the homeowner or landlord the right to receive rent. So, it is important that the landlords issue an up to date and legally compliant rent agreement.
Why use Housewise’s online rental agreement service?
With the widespread use of the internet and technologies, the process of making the rent agreement has been made electronic. As India’s fastest growing property management company, Housewise, has made this process much easier by providing legally valid, truly online rental agreement services across India (Except Maharashtra). With Housewise’s online rental agreement services, you can complete all the rent agreement formalities without stepping out of your home.
How Housewise’s online rent agreement service work:
1. The house owner or tenant mails the final draft of the agreement to firstname.lastname@example.org.
2. Once the draft is approved by both the parties, Housewise confirms the receipt of all the details.
3. The owner can now make the payment of fees online.
4. Housewise now prepares the agreement on e-stamp paper and sends the agreement to owner, tenant, and witnesses for e-signature.
5. Once the agreement is e-signed by all the parties, the e-signed rental agreement along with the certificate of signing is shared with the owner and the tenant.
To know more about how Housewise’s online rent agreement services work, Click here. ( https://www.housewise.in/services/online-rent-agreement-services).
Legal validity of online rental agreement:
Most people question the legal validity of the online rental agreement. But you can rest assured that online rental agreements are not very different from traditional rental agreements except that online rental agreements are much easier and less time-consuming. For an online rental agreement to be valid,
- The rental agreement must be prepared on an e-stamp paper of appropriate value.
- The e-signatures of the tenant, landlord, and witnesses must be placed in the agreement.
As per The Information Technology Act 2008, India, and UNCITRAL Model Law on Electronic Signatures 2001, electronic signatures are governed by the law. So, you don’t have to worry about the legal validity of the online rental agreement.
Thus, with Housewise’s legally valid online rental agreement services, you can save a lot of your time and money. As India’s fastest growing Property management company, Housewise ensures comprehensive property management for NRIs. From property advertisement, tenant screening to rent collection, property maintenance, and online agreement drafting, Housewise provides end-to-end property management services.
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