Rental Agreement Without Stamp Paper

As lawyers, we are often asked whether agreements that are not concluded on stamp paper are invalid and unenforceable. The answer is a simple “NO”. Agreements can be concluded either in a stamp document or in an unb stamped document. With regard to the agreement on an unb stamped document, there are certain legal aspects that must be respected. This article establishes the validity of unsamped agreements and deals with the legal and technical implications of unsamped agreements. They are not very different. A regular lease agreement is quite expensive and would only include clauses on the part of the company. A quick lease is usually short. It contains only the most basic clauses and details and is usually used by people who need a lease at the earliest or if you need to use it as proof of address. A rental agreement may take effect retroactively within the framework of the contractual conditions.

However, stamp duty cannot be refunded. But although the city has a place for everyone, you should definitely know the rental procedure in this city. Most leases are signed for 11 months to avoid stamp duty and other fees. Under the Registration Act 1908, registration of a lease is mandatory if the term of the lease is longer than 12 months. If a contract is registered, stamp duty and registration fees must be paid. For example, in Delhi, the cost of stamp paper for a lease of up to five years is 2% of the total average annual rent for one year. Add a flat fee of Rs100 if a deposit is part of the agreement. For a lease of more than 5 years but less than 10 years, it is equal to 3% of the value of the average annual rent of one year. For 10 years and more, but less than 20 years, this is 6% of the value of the average annual rent of a year. The stamp paper can be in the name of the tenant or landlord…