Online lease agreements that are signed by both parties and executed on electronic stamp paper are recognised as legal contracts. Online lease agreements are acceptable evidence of address.

You won’t need a hard copy because the entire process is done online. You can download a PDF version of this agreement or request a copy be sent to your email address.

The rent agreement can be digitally signed by the landlord and the renter. You have two options for signing the online lease: either draw your signatures or select the “Customized text” format. Please take note that digital signatures are a secure and legal way to sign documents electronically, including online rental agreements.

The electronic lease agreement is written on paper with a denomination value of Rs. 100.

A 12-month rent period is considered a lease arrangement, and as a result, various laws apply and make the procedure more difficult for both the tenant and the landlord. The regulations pertaining to leases do not apply to rent agreements that are written for a duration of up to 11 months since they fall within the category of leave and licence agreements. There is no registration need for rent contracts with an 11-month term. This also holds true for online lease agreements. Therefore, these documents can be signed and performed online and are legitimate in law.

Currently, the Housing Edge platform offers a pre-existing set of terms that essentially cover every aspect of your online lease. Your online lease agreement allows you to specify the security deposit amount and notice time. Soon, we hope to add more customizations.

An online rent agreement can be made in a matter of minutes utilising the Housing Edge platform.

Using the contact information you provided, the Housing Edge platform sends the link to the second party through email and SMS. We will notify the first party and send them a copy of the audit trail as soon as the online lease is signed.

GST, processing fees, and stamp duty are included in the INR 699 fee for creating an online lease agreement. The stamp duty is paid out of this sum in the amount of Rs 100, with the rest money going towards convenience fees, taxes, etc.

An online rent agreement must have a digital signature in order to be executed, so the signature can be made from anywhere in the world at any time.

Yes, you can add up to 5 renters to a single lease.

Once the online lease agreement has been signed, we will transmit a soft copy of the contract to you along with an audit trail that includes all of the IP addresses, device information, and other information that the other party used to sign the contract.

You can retain the soft copy of the online lease agreement for your records because it is signed and executed digitally. There is no need to print the rental agreement online.

The online rent agreement can be created without the use of any documents. However, keep the landlord’s or tenant’s contact details close at hand because you’ll need them when you’re writing the draught.

According to the Information Technology Act (IT Act), 2000, digital signatures, also known as e-signatures, have the same legal standing as handwritten signatures. Digital signatures are just as legally binding as traditional ones.

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