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Is expired rent agreement valid?
You have to honour the agreement. if agreement expires normally as today is last date for renewing, it is presumed that you and the landlord do not want to renew it. Therefore the mandatory notice of 30 days or 3 months would kick in only during the subsistence of the agreement, and not after it has lapsed.
What happens when rent agreement expires?
Most residential rental agreements usually expire after 11-month duration. This happens only to circumvent the payment of higher stamp duty. In case a rent agreement’s time duration is one year or longer, the agreement will have to get registered with the court and a higher stamp duty paid.
What if the agreement has expired?
Once an agreement has expired, you can’t revive it. In legal terms, it no longer exists. What you can do, however, is create a new document with a new term. If both parties agree to it, the start of the new term can be backdated so that there is no period of time in which they are not covered by the contract.
Is a rent agreement a valid address proof?
If the Rent agreement is registered by the State Government of similar registration then it is valid address proof as per the guidelines of the RBI. For further assistance you may contact us.
Is rent agreement valid for passport application in Pune?
According to officials, earlier, only registered rent agreement (not notarised but registered at sub registrar office) valid for one year and above was accepted as valid address proof for passport application. Pune (and Bengaluru) has a large number of IT professionals and students who stay here on rent.
What happens if there is no rent agreement in India?
In the absence of a rent agreement, the implied consent/contract is assumed if the owner is collecting the rent every month. Even though it is recommended to have a rent agreement to safeguard both parties’ interests, the Indian law permits a tenant and a landlord to have a prosperous relationship without a written agreement.
What is the proof required for an idrental agreement?
Rental agreement is about where you are now (current residency). You need not submit any proof for current address. For permanent address you are requested by passport authority to submit your certificate copies such as 10th,12th or graduation mark sheets.