According the amended law, registration of rental & lease agreements irrespective of the tenure must be mandatorily registered. It is not acceptable as evidence in case of non registration.
08 June 2009
08 June 2009
My dear Mr.Vishal, I know that rental & lease agreements of 11 months duration or less than that do not require registration. Would you be kind enough to enlighten me, when this amendment, which you are saying, has been made?
With out paying the proper stamp duty to the government regarding rental or lease or leave and license that documents are legally invalid and those documents should be stamped under the stamp act and stamping is mandatory otherwise it is impounded under the provisions of stamp act and also inadmisable in evidence.
More than 11 months of any rental or lease or leave and license those documents should be registered under registratration act.
The Notarised and Paying stamp duty both are different concepts from each other.
09 June 2009
The concept of Leave and license recognized by Bombay Rent Act under section 13A2, does not provide any specific period and also it is not create any right title or interest in the immovable property and does not require registration under Indian Registration Act (section 17(2) )