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.
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.
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