For example, if you have concluded the rental agreement on the electronic stamp document of paragraph 10 / – and you apply to the court due to legal crises, the court can calculate the fine up to 10 times the amount of stamp duty to be paid. It is obvious that these processes increase and delay processes in litigation and additional business costs, so it is always advisable to enter into agreements on buffer paper by paying the required tax. Maintenance: The agreement must clearly specify who is to pay the monthly maintenance fee. Number of residents: The agreement must indicate what will happen if your family members come to see you in the future. Have it confirmed by the notary OR have it registered – Now, in this case, it is up to both parties to choose to have the agreement certified by the notary or to register it in the sub-registrar`s office. If you make the lease of more than one year, it is recommended to register it with the Sub-Registrar Office with stamp duty, since the validity of the notary certificate in case of contract is 1 year. In addition, the execution of an agreement on a stamp document is, whenever such agreements are to be executed, is understandably cumbersome and therefore impractical. Click here to check the format of a lease in English. Visitor: the agreement must contain a clause on who can visit you and when. Therefore, it is always recommended to make the lease on E-Stamp paper of Rs.
50 / – To reduce costs, tenants and lessors sometimes conclude an oral agreement on the lease and avoid the realization of a lease. Sometimes they also document the agreement and set terms for the rental, but choose not to save the document. This is due to the fact that both parties are responsible for paying a registration fee when a rental agreement is drawn up and registered. The lessor is also required to declare his rental income as soon as the lease is valid. However, entering into a lease without registration is illegal and could prove risky for both parties, especially in the event of future litigation. There are certain agreements that are mentioned in the Indian Stamp Act, which should be concluded on stamp paper, but which do not have to be registered compulsorily, such as.B. The lease should contain the names and addresses of the owner and tenant, the terms of the lease, the duration of the tenancy, the rent and the amount of the deposit, restrictions for both parties, the conditions for terminating the contract. Renewal conditions and details of other costs, such as maintenance costs, repairs, etc. .