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. A tenant can only revoke an agreement if it is expressly mentioned in one of the clauses. The licensee may issue a notification to the licensee, in which he expresses his wish to market the licensee. The deadline for the adoption of the notice should be set in the agreement. 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.

Contact us at `91-967327660, `91-9871907873` or the electronic ID: info@leaveandlicense.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. If you. B enter into a leave and licence contract for 24 months, with a monthly rent of Rs 25,000 and a refundable deposit of five Lakhs, you must pay a stamp duty of Rs 1,750 (with 0.25% on the rental of Rs six Lakhs for two years and Rs a Lakh for two years). Under Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be registered from year to year or for a period of more than one year. Therefore, unless otherwise required by national law, any leave and licence contract must be registered for a period of 12 months or more. If you look at the above points in the checklist, you are more than ready to create your own agreement. Once the licensee has accepted the amount of the deposit and the monthly rent to be paid, then leave us the rest! The information age in which we live has simply made the procedure of obtaining legal documents like a cake – to the extent that no manual signature is required! Click the button below and start writing your lease and license now! We wish you a pleasant moving experience! Once the agreement is filed online by recording biometric scans and photos, it takes about 2-3 business days for the sub-registrar to verify and approve this. Soft copies of the registered rental agreement are then emailed to the parties involved. 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. There is a slight difference in the nature of the terms used for a holiday and licensing agreement, as opposed to a rental agreement. As noted above, a licensee can be translated in bulk into the lessor and a licensee to a tenant.