The procedure for registering a commercial lease and the stamp duty are similar to those of leases. While this article explains the gritty nitty of the lease procedure, now you can make your agreement and get it delivered with the stamp paper. LegalDesk offers in advance designed, ready-to-use, lawyer verified rental contract. All you need to do is fill in your data and we`ll do the rest. We also offer the possibility to print your document on stamp paper and deliver it to the address of your choice. If you are looking for a lease for Noida and Gurgaon, we have them too! A tenancy agreement is a legal document that defines the conditions previously discussed, in which the tenancy is leased and which must be respected between the landlord and the tenant. In India, the 11-month rental period is preferred by most homeowners, while they rent real estate. Simple three-step process to make a notarized lease. One of the most common features of entering into a real estate rental transaction in India is the prevalence of 11-month leases or licensing agreements. An 11-month period is preferred by most lenders, while they are renting real estate, since there are two types of agreements relating to the rental of real estate in India, the lease and the withdrawal and licensing contract. In WITNESS WHEREOF, the landlord/owner and tenant have signed their hand to `Place` on this year ` First mentioned above in The Witnesses above Here is the format of the lease used in India – Notarized lease format usually has 12 clauses that are established by the Maharashtra government under the Maharashtra Rent Control Act in 1999.

Stamp duty – Tax is paid to the government when an agreement or transaction is established. Stamp duty is calculated based on the value of the transaction. It is paid to the government by purchasing stamp paper at fair value. You can change the terms and conditions according to your agreement with the tenant/owner. This lease is not legally binding unless it is registered. The notarized agreement does not mean that it is registered. Tenants must pay stamp duty and registration fees on the agreement. The first part is the owner of the property – total – and is interested in renting it to the second part on the basis of the monthly rent on the basis of the second part, whose general terms are:- This lease or rent rental can be used by the owner or tenant of a residential property. It is signed by the lessor and the lessor to indicate consent to the conditions set by the lessor.