Once the agreement is reached, our customer support team and the portal will keep you informed of the status of the document The registration fee for a rental contract in Maharashtra, depends on where the property is rented, is located. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff. if this is the case in a rural area. In the absence of a contrary agreement, the tenant bears the costs of stamp duty and registration. The landlord or tenant must complete the necessary information to obtain the holiday and license contract in Maharashtra. « UNDER Section 55 (1) of the Maharashtra Rent Control Act, 1999, any holiday and licensing or rental agreement between the landlord and the tenant or the licensee on the merits should be written and should be registered in accordance with the 1908 Registration Act. » Our fees are defined by a government contract. We make sure that these fees are very transparent with domestic support. Clause 6: Time to terminate and notice, it is important to discuss the notice period and the notice period is generally 10% of the total duration. For an 11-month termination period, it is usually one month. Each party can terminate the contract by announcing one month in 11 months of agreement. The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months.
If you have some confusion, you can always go to a rental consultant in legaldocs.co.in. Legaldocs is very professional and helps in nature. The HelpLine number is 9022119922. 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. 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, on or on the land of the funder, something that, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property. » Article 3: The down payment must be mentioned after the indication of the amount of rent 1. The deposit is a deposit paid by the tenant to the landlord. There are two types of bail. The first type of deposit is the refundable deposit deposit refundable, after 20 hours of rent will be taken over this deposit against the property guarantee, if the tenants damage the property more than normal wear then amount is deducted proportionally to the damage that the tenant has repaid to the property of refundable eggs of the agreement until the period of agreement is usually deducted from 2 to 10 times the monthly rent. Average and average deposit is 5 times the rent amount in the Mumbai and Pune area.
The second type of down payment is a non-refundable down payment. This amount of the down payment is not refunded after the rent is usually completed this type of down payment, the non-refundable deposit is a part of the commercial lease.