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Avinash Kumar (Engineer)     23 March 2015

Lease agreement

Hi

There is a shop near by my home in bangalore , where they prepare the lease document on the fly, They have a franked Stamp paper and having seal to Govt of Karnataka, I asked him about the legality of document and he says , its legal,My Lease Deed is of 3 years , done at July 2014(last year), All I want to know is whether it is required to register the Deed in Sub registrar office, if yes then what is the use of franking the document, Can I register is  now? Experts please help. I am attaching the screenshot of my deed.

 

Thanks



Learning

 1 Replies

Bobby Mani T (Lawyer)     01 April 2015

The lease deed for more than 12 months is compulsarily registrable.  and the stamp paper required is prescribed in the stamp Act.  IT must be around 5 to 7 % of the average annual rental value


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