The Indian Stamp Act of 1899 established the basic structure of the stamp duty and allowed governments to modify it according to their needs. As a result, the Government of Maharashtra passed the Bombay Stamp Act in 1958. Section 36A of the Bombay Stamp Act 1958 regulates the payment of stamp duty on public holidays and licensing agreements. The registration of leave and licence is subject to section 55 of the Maharashtra Rent Control Act 1999 (MAH. LAW NO. 18 VON 2000) (w.e.f. 31-3-2000) Article 55. (1) Notwithstanding what is contained in this Act or any other Law currently in force, any holiday contract and the licence or rental of premises entered into between the lessor and the lessee or.dem licensee after the coming into force of this Act shall be in writing and registered in accordance with the Registration Act 1908. (2) The responsibility for registering such a contract rests with the landlord and, in the absence of the registered written contract, the tenant`s dispute over the terms on which premises were given to the landlord on vacation and licensed or leased to the landlord shall prevail, until proven otherwise. (3) Any owner who violates the provisions of this article shall be punished by imprisonment for up to 3 months or a fine of up to ₹ 5000/- or both. Regulated in the Maharashtra State License under the Indian Servitude Act, 1882. Section 52. Definition of “licence”: If a person grants another person or a number of other persons the right to do or continue to do something in or on the grantor`s real 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.
Note: Renting a property on a vacation and license basis does not allow interest in the premises on the part of the licensee and includes certain rights of simple use and use or enjoyment of residential or commercial property for a limited period of time. The responsibility for registering the lease rests with the owner of the property. However, tenants must ensure that the lease is registered to avoid complexity in the event of a dispute. [igrmaharashtra.gov.in/SB_ORGANISATION/ORGANISATION_Offices.aspx] The cost of registering a lease in Maharashtra is determined by the location of the rented property. If the property is located in a municipal corporation area, the registration fee is Rs 1,000; If it is a rural area, the fee is Rs 500. Unless otherwise agreed in writing, the tenant is responsible for stamp duty and registration. A lease is an important document that contains important terms that tenants and landlords have mutually agreed upon. Choose from various options such as debit card, credit card, UPI and pay.
In general, a rental agreement contains the following important points: In the state of Maharashtra, it is mandatory to register the holiday and license agreement, and it is the responsibility of the owner/licensor to pay the appropriate stamp duty u/a 36A of the Bombay Stamp Act, 1958, and if u/s 17 of the Registration Act, 1908. Registering the rental agreement online in Maharashtra is a simple process. In this article, we will cover some important facts about leases. And a step-by-step process to register the lease online in Maharastra. To register the contract, you will need some basic documents from the tenant, landlord, and witnesses, such as . B a passport photo, a photocopy of proof of identity (e.B. PAN card) and a utility bill or property document such as Index II or a tax receipt of the rented property. and cookies, such as a passport photo, a photocopy of the ID (e.B.
PAN card), a utility bill or a property document such as Index II or tax receipt of the property for rent. You will need basic documents from the tenant and landlord to register the agreement. More importantly, it`s a terrible idea to get into rentals without first ensuring the legal validity of the agreement by signing a lease, especially considering the number of cases of misconduct in the Mumbai rental real estate market. .