Leave Licence Agreement Registration Mumbai

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. as soon as biometrics for the registration of the lease or leave and licence contract are carried out, a stamp duty and corresponding registration fee are submitted for approval, along with stamp duty and registration fees. The sub-registry verifies biometric authenticity and paid stamp duty. If everything is properly signed and stamped the registered rental contract is sent by email. As a registration opportunity is entirely online, no physical copy is generated for the recorded documents. The owners and tenants of Maharashtra have always been entangled in the horns of a dilemma when it comes to licensing and leave agreement. The Agreement is required to be registered in accordance with Section 55 (1) of the Maharashtra Rent Control Act 1999. In paragraph 55, paragraph 2, this responsibility is clearly delegated to the lessor. In addition, Section 55 provides, in the absence of a registered written agreement, for the dispute between the tenant and the conditions under which the premises were either placed on leave and licensed or even leased. According to Section 55 (1), it is clear that only the lease or leave agreement and a licence executed between the lessor and the tenant or licensee must be registered. 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). Once you have approved the proposed holiday and licensing agreement, we have a date for the registration of the leave and the licensing agreement with you on site.

Our management visits your home on the day and time scheduled and biometric registration is done at home for both parties (the licensee and the licensee). This front door service is available every day of the week, including Sundays. Legaldocs has centers in Mumbai, Navi Mumbai, Thane, Pune, Delhi, Noida, Chennai, Hyderabad, Bangalore. If your city is not on this list, please contact the rental advisor at 902219922. 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. Step one. Development and freezing of the lease. (1 day or same day) As a registration and pill department, Pune Maharashtra State Government has set up the electronic registration module for citizens to register the online holiday and license contract at any time, without visiting the sub-registrar offices.