Rent / lease agreement for immovable property

Palani Velu (Querist) 09 March 2012 This query is : Resolved
We have an immovable property in Bangalore, which is rented out to a couple of private companies. The rental agreement is made on stamp paper for 3 years and is renewable once in 3 years. I recently heard that rental / lease agreements are valid only if they are registered. Is that information correct ? Do I have to register the rent/lease agreement every time I renew it ?

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ajay sethi (Expert) 09 March 2012
yes it is necessary to register the leave and license agreement . at time of renewal also register the document

M.Sheik Mohammed Ali (Expert) 09 March 2012
more than 11 months and more than 50000 must be register any document.

Raj Kumar Makkad (Expert) 09 March 2012
I have also the similar opinion as expressed by duo experts.

Deepak Nair (Expert) 09 March 2012
Yes. Such agreements are not valid unless duly registered.

Palani Velu (Querist) 09 March 2012
Sirs, thank you very much for the inputs. The rent is lesser than Rs. 50000.It is about Rs. 35000. Is it still required to be registered ?

DEFENSE ADVOCATE.-firmaction@g (Expert) 09 March 2012
Any lease more than one year has to be registered irrespective of value.

Shonee Kapoor (Expert) 09 March 2012
Rightly said, agreements of more than 11 months validity should be registered.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Surender Kumar Sharma (Expert) 11 March 2012
Generally companies registered the agreement for the premises which they acquire under lease but it is optional as you are going to lease out less then eleven month and rent is less then fifty thousand.It is depend upon the company's system . better confirm it and ask them for stamp duty and registration fee also fee for the Advocate must.

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