To register the contract, you will need some basic documents from the tenant, landlord and witnesses, such as a passport-sized photo. B, a photocopy of proof of identity (for example. B PAN card) and the electricity bill or real estate document such as index II or receipt of taxes from the property that is rented. The housing company in which the premises are located may ask the licensee to complete certain formalities before authorizing the licensee to occupy the premises. Housing companies generally require the filing of Form 11 (a nominal membership application by the licensee) and Form 29 (the licensee`s application for permission for premises on the basis of leave and licensing). These forms can be downloaded on this page. Some associations charge a fee for the tenant`s arrival. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. What is police verification when the premises are licensed? A holiday and licence agreement is equivalent to a rental agreement.
Simply put, a leave and a licence are an agreement in which one party (the owner, called a “licensee”) grants the other party (known as a “licensee”) a limited right to use its premises to lease the other party (called a “licensee”). This scheme is popular because it does not create permanent legal rights in favour of the licensee. Compared to a rental agreement, a holiday and licensing agreement has only limited powers with regard to real estate. Stamp duty: Bombay HC stamp duty cannot be levied for past transactions. Each state in India has its own unique scale to collect stamp taxes, and we have made the computer available to our users to allow them to calculate the stamp duty on holidays and the licensing agreement for the state of Maharashtra. Saving a few dollars when you make a lease may be a good deal. 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. What are the essential elements of a holiday and licensing agreement? 10% x Restitution x Number of Years of the Agreement – MAHARASHTRA GOVERNMENT Thursday, July 08, 2000 Part 4 A REVENUE AND FOREST DEPARTMENT Mantralaya, Mumbai 400,032, dated June 8, 2000 Notification The Registration Act, 1908.