In order to reduce the impact of stamp duty, people paid a substantial amount as an interest-free surety, as well as nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement. If the tenant stays in the rented apartment even after the end of the contract, the landlord can stay paying per day. Pre-lease for the period/non-refundable deposit – B 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 in writing, and the same must be registered in a mandatory manner, regardless of the length of the lease. The registration fee for a rental contract in Maharashtra, depends on the location of the rental. 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. In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent 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. Once you authorize the holidays and the proposed licensing agreement, we can schedule an appointment for the registration of leave and the license agreement.
Our team visits your home in Pune on the scheduled day and on time and biometric registration is done at home for parties, tenant and landlord. This front door service is available every day of the week and is also available on Sundays! So you don`t have to jump out of the office early on business days. When setting up the lease, it is very important to include certain important clauses in the contract. Some important clauses that should be included in leases or leases are listed below: Housing.com has launched a fully digital and 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. The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months. If these clauses are introduced, there will be no unnecessary dispute between the landlord and the tenant in the future. Get your lease registered in Pune at the best affordable prices We offer you the easiest way to get your lease registered in Pune, which gives you a first class experience and the best affordable prices. 10% x Repayment x Number of Contract Years – C In accordance with Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be required from year to year or for a period of more than one year.