Online Vs Offline Leave And License Agreement

Difference between Online Registered Rent Agreement and Offline Registered Rent Agreement.

Offline Leave and license is traditional method of preparing rent agreement, where both the parties Licensor and Licensee will have to go to their nearer sub registrar office with the hard copy of the documents Draft / Id Proof and Property Proof Electricity Bill and Index2 or Tax Receipt etc. and presented before the Sub-Registration Office and then once approved, the documents are stamped and assigned with Registration Numbers. The final registered hard copy is then scanned and then uploaded in the Government server and can be accessed whenever required. In this Process Hard copy is always considered as Original copy which is stamped and signed by the SRO

Throws

• This document can be done only at the Government Office (Sub-Registrar Office) so considered 100% genuine document.
• We may get final copy within same day. No need to wait after completing formality.
• Parties can use their own customized draft. No limit on adding draft conditions.
• No Limit or restrictions on adding extra pages of the agreement.

CONS

• Extra scanning and miscellaneous charges are levied.
• Hard Copy (Paper copy) is the Final copy after Registration copy.
• Expensive due to the additional charges mentioned.
• Stamping is done with a Hand Round Stamp.
• Numbering and booking appointment is required for finishing the task as there will be heavy rush.
• All Saturday & Sundays are holidays for most Sub-Registrar.

Online Registered rent agreement:

Due to the increase in volumes of Sub-Registration offices in Pune and Mumbai, Maharashtra revenue department IGR Dept. had introduced this Online Registered Rent Agreement or Online Leave and License Agreement was introduced with the concept of making the entire Registered Rent Agreement (Leave and License Agreement) outside the Sub Registrar Office at the convenience of one’s home or any other place like office. The whole process is simplified by just data entry and then biometric verification of the Owner and Tenants, by cross verifying the UID data (Adhaar Data) the agreement can get registered from govt.

Throws

1. Can be done from anywhere provided the Owner and Tenants of the property are available to give Biometrics Fingerprint Scans and Photos.
2. Very nominal cost. No any extra scanning and miscellaneous charges
3. Soft copy is the primary copy. Hard copy can be made by taking a print out.
4. Everything is prepared online including the Round Stamps.
5. The Online Registered Rent Agreement or Leave and License Agreement can be prepared all 24 hours – 7 days a week, as long as the Government server is running and there is no server maintenance.
6. After the Biometrics, it takes 2-3 working days for the Government Sub-registrar officer to approve  the document and release the final Registered Copy of the the Agreement with the Registration number.
7. The Original Final Registered Copy is a Soft copy, which automatically is retained in the Government Server and hence no scanning required. Whenever required, it can be downloaded with the required document number or registration number.

CONS

As the agreement draft is completely predefined by the government, members have very restrictions on any modification in the agreement draft. (You can see the standard agreement draft by Click Here)

For adding any extra terms only 1000 characters’ space is allowed which may not enough if you are very strict and conscious about draft terms. For commercial rent agreement this standard agreement draft conditions many not that much enough or satisfactory due to above mentioned restrictions.