10% x Refundable Deposit x Number of Years of The Agreement – C If you are by the checklist of the above points, then you are more than willing to design your own contract. 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! 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). 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. For technically experienced and super-busy people, it couldn`t be easier to save your vacation and your license document. There are tools available online that offer document production and electronic recording services. The Maharashtra Govt. many have taken an initiative to simplify the whole process, and that is why e-registration has become so popular. Here`s what you need to know about e-registration your leave and licensing document – Once the agreement is reached, our customer support team and Portal will keep you informed of the status of the document We are a technology-driven company that insists on data management without manual intervention.
Reciepts, agreements and each document are provided electronically. 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. Fees can be paid online/cash, if possible, just choose your option. 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. Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” 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. Sign in and fill out an online form. Click here to register.
Your draft contract will be drawn up automatically. You can add additional clauses if necessary. If you have your leave and license contract registered by a lawyer in Mumbai, it could cost between 3,000 and 7,000 INR, including legal fees. If you want to do it yourself, the INR fee would be 1,000 if your property falls under The Municipal Company and INR 500 if your property is in a rural area. Note that the contract must be registered within 4 months of signing it. The Inspector General of Registration and the Stamp Controller (IGRS Department), is in the provision of the holiday registration service and license/ rental contract for citizens by designated registrar offices and authorized service providers (ASPs) provide this service online by the Department of Registration – Stamps, the government of Maharashtra