Implication non registration of lease agreement in karnataka
tkthukral
(Querist) 20 February 2012
This query is : Resolved
I want to lease out my apartment to a property management company for three years.The lessee will sub-let the apartment and I do not intend to register the agreement even though it will be on an appropriate stamp paper.What pre-cautions should I take?The property is located in Karnataka.
If the agreement is to be registered what would be the approximate cost in terms of the monthly rent e.g.Rs.10000/-.
tkthukral
(Querist) 21 February 2012
author : tkthukral
Posted about 20 hours ago
I want to lease out my apartment to a property management company for three years.The lessee will sub-let the apartment and I do not intend to register the agreement even though it will be on an appropriate stamp paper.What pre-cautions should I take?The property is located in Karnataka.
If the agreement is to be registered what would be the approximate cost in terms of the monthly rent e.g.Rs.10000/-.
Raj Kumar Makkad
(Expert) 21 February 2012
It is mandatory to register the lease deed especially in such matter wherein the permission to sub-lease is to be provided by you. So far actual cost of stamp duty is concerned, it shall be better for you to enquire it from local deed-writers.
