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. 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. The formula for calculating stamp duty on the lease is 0.25% x D, of which D (monthly rental x number of months) – (pre-rent for the period/non-refundable down payment) – (10% x refundable deposit x number of years of contract). 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. As a result, the Maharashtra government passed the Bombay Stamp Act in 1958. The payment of stamp duty on leave and licensing agreements are covered by Section 36A of the Bombay Stamp Act of 1958. If these clauses are introduced, there will be no unnecessary dispute between the landlord and the tenant in the future. Get your rental contract registered in Pune at more affordable prices I work in the computer industry, and wanted to make a shared apartment lease, my friend suggested I contact Easy Rent Agreement, they explained the whole procedure and the importance of the rental contract, the procedure was simple and their service is satisfactory. I would definitely recommend Easy Rent Agreement. The landlord or tenant must complete the necessary information to obtain the holiday and license contract in Maharashtra.
If you don`t want to get involved in the hectic lease process, you need to seek professional help. To do this, you must find a visit on a website with the right legal document. A legal document portal can help you obtain a registered lease in Pune or Pune. The question here is how to choose a true legal expert, given that there are many possibilities. If you are faced with such a situation, you should choose a legal document portal based on your specific document and budget needs. 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.