Commercial lease: This type of lease is convenient when the agreement is reached between two parties for a commercial property. For a commercial lease, you can do stamp duty and registration in the same way as for residential real estate. But if Ashok first made the deal by paying the right stamp duty, he should have paid only the 1860/- Amit rented his apartment in Vikas for rent. He made the agreement on the stamp paper of value. But he did not record it in the lower house. The agreement was signed by both parties. For the first 4 months, Vikas paid the rent correctly. the rent was set at Rs 5000. After four months, Vikas ended the rent payment.

Amit went to the Court of Justice. Although his consent was duly paid, the court refused to accept the act as evidence. Vikas claimed that the rent was only 1500, not 3,500/, as Amit claimed. He also refused to sign the deed and totally denied entering into an agreement with the owner. As the document was not recorded, it could never be used as evidence and, for lack of evidence, Amit lost the fight. A house rental contract, a well-developed contract, should be available before the start of a house rental. Discouraging the most important items such as rental, deposit, maintenance costs, water costs and so on. Now you know the different types of leases that individuals, businesses and businesses use in Delhi. Developing a lease is a difficult task because you need to discuss and agree on different terms and conditions. But to make the process simpler and faster, you can decide to go digitally by designing your online contracts at Feelium E-Contracts. What is the fee for the notarized lease? The notary`s lease is made on 100 and 500 rupees of stamp paper.

Most leases are signed for 11 months so they can avoid stamp duty and other fees. Under the Registration Act of 1908, registration of a lease is mandatory if the tenancy period is more than 12 months. If an agreement is registered, stamp duty and registration tax must be paid. For example, in Delhi, for a lease of up to five years, stamp paper costs 2% of the total annual rent of one year. Add a flat fee of Rs100 if a security deposit is part of the agreement. For a lease of more than 5 years but less than 10 years, it represents 3% of the value of the average annual rent for a year. For 10 years and more, but less than 20 years, it is 6% of the value of the average annual rent of a year. The stamp paper may be in the name of the tenant or landlord. In addition, a flat-rate registration fee of EUR 1,100 million must be paid by the draft application (DD). If you are a homeowner, you must present the following documents for the rental agreement The last thing you want while you are moving your new home is to have a terrible experience with your landlord. While you are all ready to sign your new lease and have submitted the policy check, you should decide whether you have taken into account the following clauses in the lease: Buy E-Stamp paper – Buy the electronic stamp paper of the prescribed value and print the draft contract on electronic paper. Start by printing the lease below the line on the electronic stamp paper, then mention it on page 2 and add other pages of the lease that represent the page numbers.