A tenant can only revoke a contract if it is expressly mentioned in one of the clauses. Licensor may send notice to Licensee expressing its wish to expel Licensor. The period before which the notification is to be made should be agreed in the agreement. I own an apartment together in my father`s name. I am the first owner of the property and my father is a co-owner. Can I enter into a leave and license agreement with a tenant on my behalf only to the exclusion of my father`s name when registering? My father did not give a letter of objection to that effect. But the housing association opposes the same thing, they insist that the lease also include my father`s name. Is there a specific law regarding the same thing? What is the legal situation in this regard? No letter of objection in the absence of power can suffice. The basic structure of stamp duty is set out in the Indian Stamp Act of 1899, which allows states to change it according to their needs. As a result, the Government of Maharashtra passed the Bombay Stamp Act in 1958. Payment of stamp duty on public holidays and licensing agreements is subject to section 36A of the Bombay Stamps Act 1958.

Sir, please download the video on how to join the poa with the holiday and license agreement? Landlords and tenants try to circumvent the rule in order to register their leave and license agreement, mainly for the costs incurred. Landlords and tenants must share the payment of INR 1000 in urban areas and INR 500 in rural areas as registration fees. The parties are also required to pay stamp duty. According to Section 36A of the Bombay Stamps Act of 1958, the following formula for calculating stamp duty is as follows: In Maharashtra, holiday and licensing agreements must be stamped with a flat stamp tax rate of 0.25% of the total rent for the period. In the event that a non-refundable deposit is also paid to the owner, a stamp duty of the same amount will also be levied on these non-refundable deposits. To register the contract, you will need some basic documents from the tenant, landlord, and witnesses, such as . B a passport photo, a photocopy of proof of identity (e.B. PAN card) and a utility bill or property document such as Index II or a tax receipt of the rented property.

If the citizen does not have the above requirement, then what is an option for him to register the holiday and license contract? Saving a few dollars on signing a lease seems like a good deal to begin with. However, we all know that materialism is Moh Maaya. Therefore, take a closer look at the registration of the holiday and license agreement. So while this may seem a bit expensive at first, it`s also a promise of security from the state`s rental terms to its citizens. 10% x Refundable deposit x Number of years of agreement = C After successful payment of the required fee, the applicant must make an appointment with the Sub-Registrar. Arriving at the Sub-Registrar with the required documents in printed form will ensure that the successful registration of the applicant`s assets is completed quickly. Even if the parties decide to keep an agreement for a longer period, they can jointly decide on the condition of the rent increase and mention it in the agreement. e.B.

7% rent increase after 12 months. It is the landlord`s responsibility to ensure the registration of the lease, otherwise the landlord could have to pay a fine of Rs 5,000 and face a prison sentence of up to three months. In the event that the holiday and license agreement is not registered and there are disputes between the owner and the tenant, the terms of the contract claimed by the tenant will be considered the true and correct conditions according to which the property has been delivered for rent, unless proven otherwise. For example, if you sign a holiday and license agreement for 24 months with a monthly rent of Rs 25,000 and a refundable deposit of Rs five lakhs, you will have to pay a stamp duty of Rs 1,750 (0.25% on the rent of Rs six lakhs for two years and interest of Rs one lakh for two years). To save the document by e-registration, you must have the following things with you. i) Internet connection ii) Thumb scanner / finger scanner (biometric device) according to the specifications of the department. iii) Webcam iv) Printer v) Unique identification identifier (Aadhaar card) of all parties with identifiers. vi) The stamp duty and registration fees applicable to the document must only be paid online (by e-challan / simple receipt) via the GRAS portal.

Note: The document will be saved in the template/format provided by the ministry. Section 52 of the Indian Easements Act, 1882, defines vacation and licensing agreements. This article states: „If a person grants to another person or a number of other persons the right to do or continue to do something in or on the grantor`s immovable property that would be unlawful without such a right, and that right does not constitute an easement or interest in the property, the right is called a license. Omprakash Deshmukh, Inspector General of Registration, talks about the development: „To register the holiday and license contract, citizens must go to the sub-registrar`s office or go to another authorized service provider. In order to save citizens time and money in this process, we have taken the new initiative. For Maharashtra, however, the law has been strengthened and, in accordance with the provisions of section 55 of the Maharashtra Rent Control Act 1999, any rental or holiday agreement and licence must be in writing and must also be compulsorily registered, regardless of the duration of the tenancy. What are the requirements for your own electronic registration? Every year, four to five lakh leases are registered in the state. But as a rule, citizens tend to avoid the tedious registration process and save money. For this reason, the state government has to bear revenue losses. To avoid this, the finance department submitted the mobile bid of a contract proposal. Note: Aadhaar card is mandatory for online check-in and for offline check-in, proof of identity such as PAN card, passport, etc. is acceptable.

A: The only difference is the type of process (online and offline), there is no difference in terms of legal value. In the online process, the parties submit the agreement in a non-binding form, and that agreement is then submitted to the Sub-Registrar for approval. In the offline process, the parties submit the agreement in concrete form in person by going to the sub-registration office. [/expand] The formula for calculating stamp duty on the rental agreement is 0.25% x D, where D (monthly rent x number of months) + (anticipated rent for the period / non-refundable deposit) + (10% x refundable deposit x number of years of the contract). . . . .