lease/rent agreement

Querist : Anonymous (Querist) 05 May 2011 This query is : Resolved
I have rented out portion of my house in NOIDA,UP for residential purposes against standard rent agreement which states that the same may be renewed by mutual cosent after 11 months with a minimum increase of 10% in monthly rent.
Do I have to get entire agreement signed again or a simple line agreement mentioning the new rent for next 11 months and stating that the other terms and conditions remain same will serve the purpose? What should be the value of stamp paper?

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prakash vathore (Expert) 05 May 2011
you need to enter into a new agreement.

abhay dholakiya (Expert) 06 May 2011
i am agree with prakash sir

Amit Pateria (Expert) 07 May 2011
Dear Member,

You have to execute a fresh rend agreement/ lease deed by paying appropriate stamp duty, have to get it registered as well.

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