siddhartha kumar (prop) 22 January 2013
Dear Sir,
I am renting my property to a Service Class family. Rent is above Rs. 10,000 / - Per month. It is necessary to enter in a registered lease deed ? If i do not enter into a registered agreement but only in a private agreement of Rs. 500/- E stamp signed by the Lessor & Lessee ,what will be the risks invloced ? Plse advise
Regards,
Siddhartha
Advocate Vishnu (Advocate) 23 January 2013
If the rental/lease period is more than a year it needs to be compulsarily registered. The other option is to execute a rental agreeement for 11 months and to renew it every year at the end of the agreement period.
siddhartha kumar (prop) 25 January 2013
Dear Mr. Vishnu,
It means i can enter into a non-registered / notorised rent lease deed for 11 months.....and then make a new one after the expiry of the said lease. I have also mentioned the name of the property dealer and making him witness as well. Also i have taken the Adhar card copy, PAN card copy, ID of company where the tenant works and his old rent lease deed with his earlier LESSOR. In addition i have also done police verification. Will that be enough. Plse advise.
siddhartha kumar (prop) 25 January 2013
Dear Mr. Vishnu,
It means i can enter into a non-registered / notorised rent lease deed for 11 months.....and then make a new one after the expiry of the said lease. I have also mentioned the name of the property dealer and making him witness as well. Also i have taken the Adhar card copy, PAN card copy, ID of company where the tenant works and his old rent lease deed with his earlier LESSOR. In addition i have also done police verification. Will that be enough. Plse advise.
Advocate Vishnu (Advocate) 26 January 2013
This would suffice for an unregistered rental agreement.
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