The period before which neither the landlord nor the tenant can terminate the contract. To reduce the frequency of stamp duty, people used to pay a large amount in the form of an interest-free deposit with the nominal rent. This gap has been filled and now, in cases where a refundable deposit is collected from the owner, a fictitious annual interest rate of 10% will be applied to this interest-free deposit and you will have to pay the stamp duty at the same rate, on this interest for each year of the term of the license agreement. Section 52 of the Indian Serviments Act of 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 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. » 10% x Refundable deposit x Number of years of agreement = C * If this property is located in the outer city or on a plot, then the name of the geographical area in which it is located, such as the tax village or the name of Taluka. If these clauses are included, there will be no unnecessary disputes between the landlord and tenant in the future. Get your registered rental agreement in Pune at the best affordable prices According to Section 17 of the Indian Registration Act, which applies to all of India, any property rental agreement must be compulsorily registered from year to year or for a period of more than one year. Unless otherwise provided by state laws, each holiday and individual license agreement must be registered for a period of 12 months or more. It is a fact that property and rental laws in India vary by state. Since you are looking for a rental property or want to rent your property, you must first know the rules and regulations of the Maharashtra lease. Now the question arises as to how to do it. For this, you do not need to look elsewhere than on the Internet.
If you search online, you can easily gather the information you want about it.