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If you. B enter into a leave and licence contract for 24 months, with a monthly rent of Rs 25,000 and a refundable deposit of five Lakhs, you must pay a stamp duty of Rs 1,750 (with 0.25% on the rental of Rs six Lakhs for two years and Rs a Lakh for two years). Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do, on or on the land of the funder, something that, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property.” Each state in India has its own unique scale to collect stamp taxes, and we have made the computer available to our users to allow them to calculate the stamp duty on holidays and the licensing agreement for the state of Maharashtra. Form 27 [In accordance with bye law 43 (I)] A form of application for sub-subdivision, sub-leave and licence or care base of the dwelling or part of it. Form 11 [After Bye-laws 20 and 43(2) (ii)] The form of the sub-owner`s application or janitor`s form or occupier forms to be submitted to the company in accordance with the law. Forms As for any rental transaction, lease or in the case of Mumbaikars, the holiday and licensing contract is an important document. The holiday and licensing contract is a popular alternative to rental contracts in most Maharashtrian cities. Unlike the tenancy agreement, it takes more account of the needs of the landlord and does not create “tenants”. Under Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be registered from year to year or for a period of more than one year.

Therefore, unless otherwise required by national law, any leave and licence contract must be registered for a period of 12 months or more. Applicants can pay stamp duty and stamp duty online by generating a Challan voucher online. The calculation of stamp duty is generally based on certain information that must be mentioned when registering a property: under the Maharashtra Holiday Control Act of 1999, a leave and licensing contract between a licensee and a licensee must be written and registered under the Registration Act 1908. This means that this rule applies throughout Maharashtra and not just in Mumbai. For the uninitiated and technologically challenged, there are other home door services that help you register. There`s a lot of Govt. licensed e-service service providers who help register your vacation and home license document. They currently provide registration services for commercial and residential vacation and licensing documents. For technically experienced and super-busy people, it couldn`t be easier to save your vacation and your license document. There are tools available online that offer document production and electronic recording services. The Maharashtra Govt. many have taken an initiative to simplify the whole process, and that is why e-registration has become so popular.

Here`s what you need to know about the e-registration of your leave and the license document – However, for Maharashtra, the law has been stricter and in accordance with the provisions of Section 55 of the Maharashtra Rent Control Act, 1999, any agreement of a lease or leave and license must be written and the same must be registered , regardless of the length of the rental.

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