New property laws regarding lease rental registration


Hi ! Are there any new laws/ guidelines for registration of lease rental agreements? Specifically, I have a rental renewal coming up with the validity of agreement for 22 months with renewal at 11 months. I need to know whether I need to execute on a non-judicial stamp paper or a mere letter would do. Moreover, do I need to get this lease registered at the registrar's office.

 
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LEGAL COUNSEL

The query needs clarification. Is it a lease which was was originally registered with a clause for automatic renewal by mutual agreement or is the lease proposed to be executed. Also in which state the property is situate. Certain states like Maharastra has a compulsory provision for registration of lease/leave and license.

 
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The duration of original lease was defined as 22 months with a provision of renewal through mutual consent after 11 months. The lease is due for renewal post 22 months now.

The original lease was not registered.  However, we hear it has become mandatory (hence the post). The property being discussed is in Gurgaon. 

 
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law officer

Where the property situated? if it is in Maharashtra then registration is compulsory

 
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LEGAL COUNSEL

Dear Abe,

The option would be get a fresh  Lease Deed for the current period of renewal  of 11 months and get it registered afresh with the registering authority. The stamp duty payable thus could be only for the current

11 months.

vasudevan

 
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Thanks. I am still not clear on specific advantages accrued by registering a lease rental agreement. Would like some preliminary advice on this please.

Moreover, it may be a good practice but is it now a law to get it registered?

 
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POWER OF DEFENSE IS IMMENSE

If you are tenant need not worry , if landlord take care for terms of the agreement.

 
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