Leave And License Agreement Registration Compulsory

To register the contract, you will need some basic documents from the tenant, landlord and witnesses, such as a passport-sized photo. B, a photocopy of proof of identity (for example. B PAN card) and the electricity bill or real estate document such as index II or receipt of taxes from the property that is rented. Once the document has been filed for the online registration process, it takes up to 3 business days to get it registered. 2.2 P.56 of the Act provides that a licence cannot be delegated by a licensee or its agent unless the terms of the licence provide for it. A license cannot be granted by the licensee. It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. 10% x refundable deposit x Number of years of contract – C The registration fee for a lease in Maharashtra depends on the location of the property that is leased. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff.

if this is the case in a rural area. In the absence of a contrary agreement, the tenant bears the costs of stamp duty and registration. Years: In the certification of a notary authorized witness execution (signature) of the agreement by the parties and keep a short record in his register. In the registration process, a copy of the agreement is stored in the government database with a unique registration number. There is no prediction when problems might arise. It will only get worse if it is legal. The laws of the country often set tenants profit in cases of disputes between tenants and landlords. In the absence of a registered contract, the tenant`s rights to the terms of the tenancy agreement are confirmed in court. On the other hand, the protection of the tenant`s basic rental rights becomes easier. The search for repairs in the first steps, such as filing police complaints, is less complicated and certainly more stress-free.

There is also a chance for fair justice. The absence of a registered agreement means that legal disputes are highly dependent on the party who can afford a better lawyer. Maintaining an agreement registered at the beginning of the lease helps to avoid this inequality in the event of unfortunate legal issues. The basic framework for stamp duty is defined in the Indian Stamp Act of 1899, which allows states to change the same rules according to their needs.

Administrator