Also called deposit, is also a flat rate levied by the tenant before moving in. This amount is essentially a guarantee for damages suffered by the tenant for which he refuses to pay or for non-payment of rent. In case of problem, the deposit will be fully refunded to the tenant at the time of delivery of the keys. – Stamp duty for people with a rental contract of less than one year is 2% of the total annual rent. If you are a homeowner and you rent your house, apartment and apartment for housing purposes, the guarantee of your rights is the most necessary document. In UP, 2% of the rent + deposit is the registration fee. If a document is not registered, it is never considered primary evidence. Instead, it is accepted as collateral evidence. In accordance with the provisions of the Registration Act 1908, it is mandatory for a tenant who pays more than 10,000 rupees of rental per month to register the document if the lease applies for a period of 12 months. Two per cent of annual rents, or Rs 2,400, must be paid as stamp duty in such cases.
Easydrafting.in specializes in the establishment of Affidavit leases, various commercial contracts and agreements and has a team of experts, including lawyers, corporate secretaries and drafting professionals. If you are renting to Noida, you may have found an order from the Gautam Buddh Nagar administration to register the lease, failing which legal action will be taken against the tenant and landlord. The provision applies to those who live in rental housing, apartments, houses and even in a commercial enterprise on leased land. .