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Rental Agreement In Tamil Format

The Registration Act of 1908 makes it compulsory to register a lease if the duration of the tenancy is longer than 11 months. See also: Arbitration clause in rental contracts and how it can help landlords and tenants The lease must contain the name and address of the lessor and tenant, the terms of the lease, the rental period, the rent and the amount of the deposit, the restrictions for both parties, the conditions for terminating the contract, the conditions of renewal and the details thereon, which must bear other costs such as maintenance costs, repairs, etc. When registering the lease, you must pay a stamp duty that varies depending on the city in which it is registered. This amount is paid by purchasing the stamp paper you owe to the government. In Delhi, stamp duty is equal to 2% of the average annual rent, for rental contracts with a maximum duration of five years. In Noida, you have to pay 2% of the annual rent as stamp duty, for rentals of up to 11 months. The bill also provides that tenants who extend their stay in rented accommodation, as mentioned in the agreement, are required to pay double the amount of rent for the first two months and four times the rent in the following months. Visitor: the agreement must contain a clause on who can visit you and when. In some countries where the e-stamp is available for rental contracts, you do not need to buy the stamp paper physically. You can register on the website of Stock Holding Corporation of India Ltd (SHCIL) and check that the state in which you reside offers this possibility.

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