The registration of rent/rent in Delhi has a special procedure that must be followed by all. That is why it is very important that the lease contains all the necessary details about the transaction and that no element can be diminished. Here is a short checklist on the topics that a lease must cover: But if Ashok first made the deal by paying the stamp duty, he should have paid only Rule 1860/- Stamp duty – Tax is paid to the government when an agreement or transaction is established. Stamp duty is calculated based on the value of the transaction. It is paid to the government by purchasing stamp paper at fair value. The procedure for registering a commercial lease and the stamp duty are similar to those of leases. Amit rented his apartment in Vikas for rent. He made the agreement on the stamp paper of value. But he did not record it in the lower house. The agreement was signed by both parties.
For the first 4 months, Vikas paid the rent correctly. the rent was set at Rs 5000. After four months, Vikas ended the rent payment. Amit went to the Court of Justice. Although his consent was duly paid, the court refused to accept the act as evidence. Vikas claimed that the rent was only 1500, not 3,500/, as Amit claimed. He also refused to sign the deed and totally denied entering into an agreement with the owner. As the document was not recorded, it could never be used as evidence and, for lack of evidence, Amit lost the fight.
Token Advance – When the house is closed for rent, the tenant sometimes pays the landlord a small advance of chips. The goal is to prevent the landlord from maintaining other potential tenants. The advance of the token blocks the property until one of the equal parts surrenders. Once the symbolic advance has been made, both parties will be ready to conclude the agreement. But if one party goes a sequel, then that party must benefit from the loss to the other party. Both the party tenant and the landlord must check all the clauses mentioned in the document before signing. It is a good practice to share the draft agreement first before going to pressure.