A lease agreement should indicate the duration of the agreement. The standard term of the lease is usually 11 months, unless another period is specified in the agreement. The reason for the standard 11-month rental period is when the lease exceeds 11 months that it must be registered and the same registration fee must be paid. Either the landlord or the tenant can buy the stamp paper and it will always be the buyer. If you want to have an original agreement, you must buy the stamp paper yourself. Alternatively, you can get a photocopy or a scanned version of the other party. In India, there are basically 2 types of rentals – here are some of the terms commonly used in a home rental agreement below – before signing your signature on a contractual document, make sure that the person you know as the owner is the real owner of the property. There are some cases where the owner of a property is an Inder (NRI) or a real estate investor. These people (they own) hand over their homes to the janitors in their absence. In the absence of their owners, these concierges rent the property to third parties without informing the owner. Therefore, it is strongly advised to check all documents on the polka dot lines before signing. Although you can use stamp papers after six months of purchase, it is best to return unused documents to the collector within six months and refund.

The use of old stamp papers is not a good idea. If a rental agreement is not registered or the stamp duty is not paid, the lease is not considered a valid document. Registration of the lease is mandatory. The unregant tenancy deed is not considered a valid document. As a general rule, it can be between 1 month and 3 months that the landlord or tenant can evacuate the property. However, regardless of the usual notice period, it should be clearly mentioned in the lease agreement between the two parties. If you are a tenant, your landlord cannot suddenly ask you to leave the property. Similarly, as a tenant, you must inform your landlord in advance that you plan to evacuate the house. Yes, the E-stamp is available in some states. In the case of electronic tampons, you don`t need to physically walk and buy a stamp paper for the rental contract.

You can simply register on the website of the Holding Company of India (SHCIL) and find out if your state offers the option of stamping the E. As a general rule, most agreements are signed for 11 months in order to avoid stamp duty and other taxes. Under the Registration Act, registration of a lease agreement in 1908 is essential in cases where the lease term is longer than 12 months. Once the contract is registered, the stamp and registration fee must be paid. For example, in Delhi, for a lease of up to 5 years, the value of stamp paper is 2% of the average annual rent. If a security deposit is one of them, add a fee of Rs 100. For a lease of more than 5 years and less than 10 years, the cost is 3% of the average annual rent.