Registered Rent Agreement Conditions

Normally, housing laws cover everything from the physical property to the terms of the rental agreement. But that`s not all you need to know. The tenant must pay a stamp duty that varies from state to state, as well as the registration fee (varying between Rs 500-1,000) when registering rental contracts. In Uttar Pradesh, the stamp duty on the lease is four per cent, while it is 0.25 per cent in Maharashtra. Number of residents: The agreement must indicate what will happen if your family members come to see you in the future. Also known as a rental agreement, a lease is a written contract between the owner of a property (the owner) and the tenant who takes care of it for rent.