You must pay a stamp duty while you register the rental agreement which will vary depending on the city in which it is registered. This amount will be paid using the stamp paper you owe the government. In Delhi, stamp duty must be paid for 2% of the average annual rent and for leases of up to five years. In Noida, you have to pay 2% of the annual rent as a stamp duty, for leases of up to 11 months. Visitors: The agreement must contain a clause on who can visit you and when. See also: Compromise clause in leases and how it can help landlords and tenants Number of occupants: The contract must indicate what happens if your family members come to you in the future. In order to reduce costs, tenants and landlords sometimes agree orally on the lease and avoid the execution of a tenancy agreement. At one point, they also document the agreement and set the terms of the lease, but decide not to register the document. This is due to the fact that both parties must pay a registration fee when a lease is entered into and registered.

The lessor is also required to declare his rental income as soon as the lease is final. However, entering into a non-registration lease is illegal and could be a risky transaction for both parties, particularly in the event of future litigation. You must pay a stamp duty while you register the lease, which varies depending on the city in which it is registered. This amount is paid with the stamp paper you owe to the government. In Delhi, stamp duty must be paid for 2% of the average annual rent and for leases of up to five years. At Noida, you must pay 2% of the annual rent in the form of stamp duty for leases of up to 11 months. In order to reduce costs, tenants and landlords sometimes agree orally to the rental agreement and avoid the execution of a tenancy agreement. At one point, they also document the agreement and set the terms of the lease, but decide not to register the document. This is because both parties must pay a deposit tax at the time of the conclusion and registration of a lease agreement.

The lessor is also required to declare his rental income as soon as the lease is final. However, entering into an unregant lease is illegal and could be a risky transaction for both parties, particularly in the event of future litigation. A rental agreement protects the lender and the owner. It is observed that in many places, the landlord would ask the tenant to evacuate within a week or less for no good reason. Until a lease is registered at the shelter, it has no validity. It is in favour of both parties to draw up an agreement with certain conditions and to register it. After the lease is written, the owner should print it on stamp paper. As soon as the tenant and landlord sign the documents in the presence of two witnesses, they must report them to the sub-registry service after payment of the necessary fees.