The tenant or licensee is responsible for the payment of stamp duty and electronic registration fees. However, it is the licensor who is responsible in the absence of registration of the contract. Therefore, the landlord must ensure that the registration of the document is executed. A: For online check-in, the Aadhaar card is mandatory, as the parties must verify their identity when submitting the agreement by giving fingerprints that retrieve data from the Aadhaar card database. In addition to the Aadhaar card, the licensor`s PAN card is mandatory. Other documents may be required if the parties are PVT Ltd, Trust, HUF, etc. To register the contract, you will need some basic documents from the tenant, landlord and witnesses, such as. B a passport photo, a photocopy of proof of identity (e.B. PAN) and a utility bill or ownership document such as Index II or a tax receipt for the leased property. This is how the holiday and license contract is created.

This agreement, which is often used as a replacement for the old lease, is now more commonly used in cities like Mumbai. A vacation and license agreement is the safest way for an owner, experts say. 10% x Refundable deposit x Number of contract years = C Many licensors mistakenly assume that it is necessary to sign a vacation and license agreement to provide them with legal protection. Others have the contract approved by a notary. That is not enough from a legal point of view. Registration of an approval and licensing agreement is mandatory (section 17 of the Registration Act 1908). The agreement must be registered with the Sub-Registrar`s office. When registering the agreement, the signatures of two witnesses are required. The rate of stamp duty for holiday and licence contracts is the same for residential premises as well as for commercial premises. The holiday and licence agreement can be concluded for a maximum period of 60 months. 2) Clarity: There is clarity between the parties to understand the terms of the agreement.

Utility Bill – This document is not required to complete your online vacation and license agreement or your online registered rental agreement. However, the entire utility bill contains the name of the licensor, making it an important document for verifying ownership of the property. However, this document is mandatory in the case of an offline vacation and license agreement or a registered rental agreement. Thus, for the verification process, this document can be reviewed by the lawyer/manager or the external person preparing the vacation and license agreement. Maharashtra Holiday and License Registration Stamp Tax In recent years, the property market has changed more than a few. The Indian Janata is increasingly aware of the law that regulates business and transactions. Eventually, the market experienced a change in the way documents and agreements were recovered. For Maharashtra, however, the law has been strengthened and, in accordance with the provisions of section 55 of the Maharashtra Rent Control Act 1999, any rental or holiday agreement and licence must be in writing and must also be compulsorily registered, regardless of the duration of the tenancy. – The power of the licensor to reach an agreement must be seen. The licensor may enter into the contract as the owner or as a completely legal person on behalf of the owner.

A: In certification, an authorized notary certifies the execution (signature) of the contract by the parties and keeps a brief record in his register. In the registration process, a copy of the agreement is stored in the government database with a unique registration number. To save the document by e-registration, you must have the following things with you. i) Internet connection ii) Thumb scanner / finger scanner (biometric device) according to the specifications of the department. iii) Webcam iv) Printer v) Unique identification identifier (Aadhaar card) of all parties with identifiers. vi) The stamp duty and registration fees applicable to the document must only be paid online (by e-challan / simple receipt) via the GRAS portal. Note: The document will be saved in the template/format provided by the ministry. Unlike notarized documents, registered agreements are subject to rigorous review.

Accordingly, they contain all the clauses that an appropriate holiday and rental contract should contain. Some important clauses that every landlord and tenant should be aware of are: One of the most basic real estate features that even people like you and I access is renting. In metropolitan cities and municipalities with large populations, renting houses and leases have become a need. While everyone agrees that a lease must be in place, most don`t understand the implications of not having one. Print the appropriate value on stamp paper after preparing the certificate material. The Licensor and the Licensee, accompanied by the signatures of two (2) witnesses, must then deposit their signatures at the designated places. .