It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. 10% x Restitution x Number of Years of Agreement – C The basic framework of stamp duty is defined in the Indian Stamp Act of 1899, which allows states to change the same rules according to their needs. As a result, the Maharashtra government passed the Bombay Stamp Act in 1958. The payment of stamp duty on leave and licensing agreements are covered by Section 36A of the Bombay Stamp Act of 1958. With the Maharashtra Rent Registration Department, which orders law enforcement to check only registered L-L agreements, consider some of the long-term benefits of document registration, despite the apparently high costs: Maharashtra owners and tenants have always been entangled in the horns of a dilemma when it comes to the Leave and License agreement. The Agreement is required to be registered in accordance with Section 55 (1) of the Maharashtra Rent Control Act 1999. In paragraph 55, paragraph 2, this responsibility is clearly delegated to the lessor. In addition, Section 55 provides, in the absence of a registered written agreement, for the dispute between the tenant and the conditions under which the premises were either placed on leave and licensed or even leased. According to Section 55 (1), it is clear that only the lease or leave agreement and a licence executed between the lessor and the tenant or licensee must be registered.

Housing.com has launched a fully digital, contactless service to create leases. If you want to complete the formalities quickly and without any problems, you just have to fill out the details, create the online rental contract, sign the contract digitally and get an electronic stamp in seconds. MAHARASHTRA GOVERNMENT Thursday, July 8, 2000 Part 4 A REVENUE and Forest Department Mantralaya, Mumbai 400,032, dated June 8, 2000 Notification The Registration Act, 1908. No. RGN.2000/2120/CR-592/M-1- In the exercise of the powers conferred by paragraphs 78 and 79 of the Registration Act, 1908 (XVI 1908), in its application to the State of Maharashtra, read with subsection (1) of Section 55 of the Mahartra Rent Act Control, 1999 (Mah.