As a registration and pill department, Pune Maharashtra State Government has set up the electronic registration module for citizens to register the online holiday and license contract at any time, without visiting the sub-registrar offices. E-registration was introduced on February 2, 2014. In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months. 10% x refund fee x Number of years of contract – C Saving a few dollars in the process of subserning a lease, may seem like a good deal at first. However, we all know how much materialism is moh maaya. Take a closer look at the registration of the leave and licensing agreement. Although at first it is a bit of a pricey side, it is also a promise of security of the conditions of renting the state to its citizens.
Under Maharashtra`s Rent Control Act, 1999, a leave and licensing agreement between a licensee and a licensee must be written and registered in accordance with the 1908 Registration Act. This means that this rule applies throughout Maharashtra and not just in Mumbai. After successfully paying the required fee, the applicant must book an appointment with the sub-registration. Arrival at the sub-registrar with the required printed documents ensures that the successful registration of the applicant`s property is done quickly. The registration of the contract, there is validity to act as proof of residence for the tenant. People residing in rental properties generally did not issue electricity bills, telephone bills or water bills on their behalf. As a result, it is difficult for them to provide proof of the local address. Since the notarial agreement does not have the legal weighting of the recorded documents, they are often rejected as evidence of local residence in places that are thorough and meticulous with their documents. The validity of the notarized agreement is questionable.