Housing.com has launched a fully digital, contactless service to create leases. If you want to complete the formalities quickly and without any problems, you just have to fill out the details, create the online rental contract, sign the contract digitally and get an electronic stamp in seconds. If these clauses are introduced, there will be no unnecessary dispute between the landlord and the tenant in the future. Get your lease registered in Pune at the best affordable 10% x refundable deposit x Number of years of the agreement – Section 52 of the Indian Easements Act, 1882, defines vacation and licensing contracts. This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” We use biometric identification to verify your identity for the government`s mandatory e-registration of your lease in Pune! The registration fee for a rental contract in Maharashtra, depends on the location of the rental. 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 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). After submission, the agreement lasts at least 24-48 hours and can be downloaded to the portal itself. It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. In order to obtain a leave and a licensing agreement in Pune, the landlord or tenant must complete the necessary information.
Make sure you type all the details correctly while you fill out the information in the leave and licensing form. We will then prepare the lease using the information you have indicated on the site and send you the draft contract. You need to check this project and give you feedback. Once you authorize the holidays and the proposed licensing agreement, we can schedule an appointment for the registration of leave and the license agreement. Our team visits your home in Pune on the scheduled day and on time and biometric registration is done at home for parties, tenant and landlord. This front door service is available every day of the week and is also available on Sundays! So you don`t have to jump out of the office early on business days. TDS provisions relating to rents paid under income tax legislation. In order to reduce the impact of stamp duty, people paid a substantial amount as an interest-free surety, as well as nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement.