Our trained officer will visit your front door to provide a service, execute the contract The stamp duty calculation formula on the lease is 0.25% x D, where D is (Monthly rental x number of months) – (pre-rental for the period/non-refundable deposit) (10% x refundable deposit x number of years). After successfully paying the required fee, the applicant must book an appointment with the sub-registration. Arrival at the sub-registrar with the required printed documents ensures that the successful registration of the applicant`s property is done quickly. 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. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. How does the leave and License Agreement e-recording work? A registered lease agreement is defined as a legal document specifying the terms of an agreement for one person, in order to use the property of another person for a specified period of time. This is an agreement between the tenant and the landlord for the property rented by the owner to the pension and their interest in the agreement is preserved by the conclusion of a legal registration of a tenancy agreement. 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 refund x Number of contractual years – C In Maharashtra, leave and licensing contracts must be stamped with a flat rate of 0.25% of the total rent for this period.
If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. Housing.com has launched a fully digital, contactless service to create leases. If you want to complete the formalities quickly and without any problems, you just have to fill out the details, create the online rental contract, sign the contract digitally and get an electronic stamp in seconds. Contact us at `91-967327660, `91-9871907873` or the electronic ID: email@example.com and details such as Aadhar Card, Pan Card and Electricity Bill. We are preparing the draft agreement and sending the same for your kind review. Both parties (the licensee and the licensee) must have, together with two witnesses, Aadhar and Pan Card by government standard. After registration, we share the final agreement by email. There are various benefits of e-registration that are as follows; a) Citizens can create their own document from anyone with an Internet connection.