Why The Rent Agreement Is 11 Month

If you want to register a lease, tenants and landlords can agree to share the costs. What is corporate social responsibility and how much money is spent on it in IndiaLike leases are signed for 11 months, so stamp duty and other fees can be avoided. According to the Registration Act of 1908, registration of a rental agreement is mandatory if the term of the lease is 12 months or more. If a rental agreement is registered, it is also mandatory to pay the registration fee and stamp duty. Example: For a five-year lease in Delhi, the cost of a stamp paper is 2% of the total average annual rent for one year and for more than 5 years, but less than 10 years, it is equivalent to 3% of the average annual rent. For 10 years or more, but less than 20 years, the rate is 6%. If the deposit is mentioned in the contract, then Rs. . . .