The registration fee in Rajasthan for leases is charged at 1% of the consideration. The procedure itself is not very different from that of other states. It starts with tenants and landlords discussing rent, maintenance costs and clauses to be included in the contract. Both parties then turn to a lawyer to draft the final version of the lease. The lawyer then finds a stamp seller and prints the deed on stamp paper, regardless of the value recommended by the state. The parties concerned file their signatures on the document, as well as that of two witnesses. The deed is then registered with the local sub-chancellor. If a property is rented for 24 months with a monthly rent of Rs20,000 for the first 12 months and 22,000 Rs. per month for the next 12 months. The registration fee of this agreement would be: 2% of the average rent for 12 months: Rs5.040, (average monthly rent is Rs21,000, average annual rent is 21000 – 12 and 2% is Rs5,040).
You now have to pay a stamp duty of nearly 3,000 times for the preparation of a lease for a building wroth Rs 30 lakh. In addition, you must pay 20% of the stamp duty as a non-registration and 20% of the stamp duty as a supplement. To avoid these fees, many landlords and tenants mutually agree not to register the agreements. If you want to register a rental agreement, tenants and landlords can agree to share their costs. Although this method is widespread, costs can vary depending on what the lawyer calculates. There is also the question of the lawyer`s expertise. To avoid such problems, you can use our prefabricated lease, which is a complete and legal version of your daily lease. It has been designed to protect stakeholders from common loopholes and what`s more, you can create it from the comfort of your home! Until now, tenants preparing leases have had to pay a maximum of 500 people for buildings of all sizes and regardless of the length of the contract. The landlords and tenants had to pay a little more for the notary.
Many models would be available online for leases, but the question is how good they are? Leases require careful drafting with meticulous work for fine details. That`s why we recommend using our discounted, ready-to-use rental agreement. Create a lease with us – The actual measure as such does not vary much from that of other states in India. It starts with the resident and landlord discussing what rent, maintenance costs and conditions should be included in the contract. Commercial leases: Commercial leases are signed exclusively for commercial purposes. It can be between an individual and a company or between companies. One way or another, these leases do not correspond to a standard format because they adapt to the needs of the company concerned.