In Delhi, stamp duty is a bit steep with 2% of the total rent paid for a period of five years, as well as separate registration fees of Rs 1,100. But in Maharashtra, stamp duty is nominally equal to 0.25% of the total rent paid and 10% of the refundable deposit per year for the five-year period payable by the licensee. “At the end of the five-year period, the parties will have the option of converting it into a lease or renewing the leave and licence agreement for a further five years.” What if a landlord doesn`t want to transfer the interests of the property to his tenant? What happens if the tenant refuses to evacuate? Indian law states that as long as a tenant regularly pays rent and other expenses, they cannot simply distribute it for a period of 5 years, unless they commit something that is contrary to the agreement. In the lease agreement, the owner of the property is designated as owner or lessor, while the person authorized to use the property is designated as a tenant or tenant. In particular, the tenancy agreement relates to the transfer of interest from the lessor to the tenant and the tenant can only be evacuated for the sole reasons mentioned in the Rent Control Act. In addition, the tenant remains in the legal ownership of the rented property, as long as the landlord accepts the rent or accepts it by other means. This leads to two important conditions tenants and tenants on the suffering that occurs overall when tenants remain in continuous possession of the property even after the expiry or destination of the tenancy agreement. Hon`ble Supreme Court of India discussed the difference between tenants and tenants in Leiden in AIR 1996 SC 140 R.V. Bhupal Prasad vs. State Of Andhra Pradesh – Ors. However, if you are a tenant who feels it is not your cup of tea, feel free to go through our prefabricated and ready-to-use tenancy agreement.
It is a comprehensive document that covers both tenants and landlords. In the vacation and licensing agreement, the owner of the property is designated as the licensee, while the person authorized to use the property is designated as a licensee and the amount the licensee pays to the licensee for the use and use of its property is designated as a royalty. The licence is merely a concession granted by the licensee or licensees to certain persons designated as takers to operate and provide the acquired property, and this concession does not constitute a transfer of interest from the licensee to the licensee. The licensee remains in the simple occupation of the property, while the legal property remains with the licensee, which is an important difference between rent and license. The rights and obligations of the licensee and the taker are defined first by the agreement. If one of the terms of the agreement is violated, it is treated as a violation or breach of a contract for which the appeal is tried to file a civil action.