How do I get a rental agreement when I’m paying rent to my parents?
Since you are maintaining landlord and tenant relationship with your partners, you can execute a rental agreement and save tax for rent paid to your parents Below is the step by step procedure to execute a rental agreement in Karnataka, Step 1: Prepare a draft agreement in word format Step 2: Buy Rs.100 Non-Judicial E-stamp paper from a co-operative bank, Sub-registrar office, or court near you Step 3: Print the draft agreement on E-stamp paper Step 4: Landlord (parents) and tenant (you) should sign the rental agreement Step 5: Meet n otary public near you and get the rental agreement notarized This completed the execution of a rental agreement. In Karnataka, we provide rental agreement service, our service includes drafting + execution + notary + home delivered in 2 working days. Same day express delivery available. To opt for our service, please Whatsapp to 9 7 4 2 4 7 9 0 2 0. A rental agreement is a valid document to claim HRA and house rent allowance for salaried. Thank you