Form No. 11 [In accordance with Articles Nos. 20 and 43 (2) (ii)] The form of the application for nominal membership by the subscriber, licensee or caretaker or occupant of the forms to be submitted to the company in accordance with the articles. Forms After successfully paying the necessary fee, the applicant must book an appointment with the Sub-Registrar. When you arrive at the sub-recorder with the required documents in printed form, the successful registration of the applicant`s property is carried out quickly. In Maharashtra, holiday and licensing contracts must be stamped with a flat stamp duty rate of 0.25% of the total rent for the period. If a non-refundable deposit is also paid to the lessor, stamp duty is also levied on these non-refundable deposits. With the Maharashtra Rent Registration Department, which guides the Prosecution Department to verify ONLY registered L&L agreements, consider some of the long-term benefits of document registration despite the seemingly high costs: the registration fee for a lease in Maharashtra depends on where the leased property is located. The registration fee is Rs 1,000 if the property is located under a communal territory and it is Rs 500, if it is the same in a rural area. In the absence of an agreement to the contrary, the costs of stamp duty and registration are the responsibility of the tenant.
Even if the parties decide to maintain an agreement for a longer period, they may jointly set the condition for the rent increase and mention it in the agreement. z.B. 7% rent increase after 12 months. The Maharashtra government has not shied away from technology. . . .