Q. What are the significance of Rent Agreement Online or Registered Rent Agreement Online in Pune, Mumbai and rest of Maharashtra?
Ans: Firstly, all across the state of Maharashtra, especially in commercial cities like Mumbai and Pune, Notarised rent agreement is almost completely replaced by Rent Agreement Online which is a Registered Agreement also known as Online Leave and License Agreement. The Benefit of Online over Offline Rent Agreement is that it can be done anywhere at anytime without visiting the Subregistration Office (Government Office). Though the Agreement draft cannot be customised, like the Offline Registered Rent Agreement, this online method is fast, economical and more convenient. An Online Registered Rent Agreement or Online Leave and License Agreement in Pune, Mumbai and rest of Maharashtra, serves the following purpose:
a) ID proof for Society Entry
b) Address proof for New Vehicle Purchase
c) Address proof for Passport renewal
d) Visa Approval
e) Gas Booking
f) Bank Loans
g) Tax Benefits (HRA)
- ID proof for Society Entry: This Online Leave and License Agreement or Online Registered Rent Agreement serves as ID proof of the Tenants who comes to reside within the society. Also it serves as the entry pass at the Security Check at the entry to the society.
- Address proof for New Vehicle Purchase: Showrooms of mostly 4 wheelers and 2 wheelers take the Registered Rent Agreement Online as address proof for Vehicle purchasers in Pune, Mumbai and rest of Maharashtra. This address proof is then submitted to the RTO office for Number Plate and Vehicle registration.
- Address proof for Passport renewal: For people staying in rent, the Passport office takes only Registered Rent Agreement or Leave and License Agreement (Online or Offline both) as address proof for renewal of their Passports.
- Visa Approval: While applying for Visa, this Registered Rent Agreement has to be submitted to the embassy as a proof of the current residing address for getting the visa approved.
- Gas Booking: While applying for new Gas Connection, the Registered Rent Agreement Online or Offline is taken as address proof for the Gas Agency as a valid address record of the applicant, where new cylinders can be delivered.
- Bank Loans: Registered Rent Agreement Online serves as a valid address proof for Bank customers who needs Loans for various purposes.
- Tax Benefits (HRA): Employees can obtain the HRA benefits only by attaching the Registered Rent Agreement – Online or Offline. While applying for Monthly or Annual HRA tax benefits from the IT department, this Registered Rent Agreement or Leave and License Agreement (Online or Offline) should be attached with the application for HRA benefits.
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