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A rental agreement is a legal document that outlines the terms and conditions agreed upon by the landlord and the tenant. It`s a critical document that protects both parties in case of any disputes. There are two types of rental agreements- registered and notary rent agreements.

A registered rental agreement is a document that has been registered with the government. The registration process requires the landlord and tenant to visit the sub-registrar`s office with all the necessary documents. After the verification process is completed, the agreement is registered, and a unique registration number is allotted.

On the other hand, a notary rental agreement is a document that is signed in front of a notary public. The notary public verifies the identity of both parties and witnesses the signing of the document. The agreement is then stamped and signed by the notary public.

The primary difference between a registered and notary rental agreement is the legal standing. A registered agreement holds more weight in court than a notary rental agreement. In case of any disputes, a registered agreement is considered a legal document and can be used as evidence in court. A notary rental agreement, however, is not considered a legal document and may not hold up in court.

Another difference is in the cost and time involved. Registering a rental agreement requires the payment of a registration fee, stamp duty, and other charges, making it more expensive than a notary rental agreement. The process of registering a rental agreement can take up to two weeks, while a notary rental agreement can be completed within a day.

In conclusion, both registered and notary rental agreements have their pros and cons. A registered agreement offers more legal protection, but it`s costly and time-consuming. A notary rental agreement is quicker and cheaper but may not hold up in court. It`s important to choose the type of rental agreement that suits your needs and budget. As a landlord or tenant, it`s crucial to understand the difference between the two and make an informed decision.

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