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 something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.“ The Maharashtras Department of Registration And Stamps has designated Leave and Licenses Agreement for Citizens, based in Mumbai, as an Authorized Service Provider (ASP). If you wish to complete the registration process for the rental agreement online, paying an additional fee would ensure that all formalities are done online and that the rental contract is delivered to your door in two to three days. Fill in the details on the next page. As soon as you enter the rent amount, the system automatically generates stamp duty and registration. You can pay the amount online via the payment system or generate a Challan to pay through authorized banks. The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months. Fees can be paid online/cash, if possible, just choose your option. We are a technology-driven company that insists on data management without manual intervention.
Reciepts, agreements and each document are provided electronically. To register the contract, you will need some basic documents from the tenant, landlord and witnesses, such as a passport-sized photo. B, a photocopy of proof of identity (for example. B PAN card) and the electricity bill or real estate document such as index II or receipt of taxes from the property that is rented. 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. There are two ways to register your vacation and your online licensing agreement. In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. It is obligatory to register your lease. To simplify the process for citizens, the Maharashtras Department of Registration and Stamps now offers an online option to register a rental contract known as the Leave and Licenses Agreement. Prison sentence of three months or no more than `5000/- or both.
NPST an „Authorized Service Provider“ selected by the Department of Registration and Stamps, the Maharashtra government for the provision of online rental service has taken a step forward to reach citizens, raise awareness and provide a service at their comfortable time and place. We used modern technology to create phone reach and web service for a simple transaction for citizens.