rent agreement

Neeraj Kaushal (Querist) 02 March 2011 This query is : Resolved
i have executed an agreement of rent of a shop between the tenant and landlord shop situated in Punjab state , The monthly rent of shop is fixed rupees 2000/ per month between the parties . The time period of agreement is 11 months . I have executed the rent agreement on 3rupees stamp paper , agreement is unregistered but signed by 2 witnesses , Rent agreement on 3 rupees stamp paper is valid in the eyes of law ,

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Jebaraj Jasper Jacob (Expert) 05 March 2011
Since the rental agreement is executed for a period of 11 months only, the same under law is not required to registered. But it should should be written in a properly valued Non- judicial stamp paper. If it is written in a properly stamped paper it is valid in the eye of law and the same can be even received in evidence by the court of law though not registered.

Advocate. Arunagiri (Expert) 05 March 2011
It is perfectly valid.

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