This section states: “If a person grants another or a number of other persons the right to do or continue to do something in or on the licensor`s immovable property, which would be unlawful without such a right, and that right does not constitute an easement or interest in the property, the right is called a license. For example, if you enter into a 24-month holiday and license agreement with a monthly rent of 25,000 rupees and a refundable deposit of five Lakh Rs, you will have to pay a stamp duty of 1,750 rupees (0.25% on the rent of six Lakhs for two years and interest from one lakh for two years). In order to reduce the frequency of stamp duty, people used to pay a considerable amount as an interest-free deposit with the nominal rent. Notification of non-occupancy fees Click download The vacation and license agreement is to process for one (1) month or for eleven (11) months of 12 months, if it is 50 square feet or more, if it is residential/commercial or industrial businesses, it is the same calculation for stamp duty and for registration fees it is different (for city or country). Years: Yes, now the Maharashtra Registration Department has integrated this process into the eRegistration site. Now, when registering the holidays online and licensing agreement, the citizen must submit the tenants` information by default. This process can also be performed separately on other websites. It is the owner`s responsibility to ensure the registration of the rental agreement, failing which the landlord may have to pay a penalty of Rs 5,000 and punish himself with a prison sentence of up to three months. In the event that the leave and license contract is not registered and disputes arise between the lessor and the tenant, the contractual conditions invoked by the tenant are considered to be the real and correct conditions in which the property was given for rent, unless proven otherwise. In Article 36(A)(a)(a)(i) in column 1, for the words `thirty-three months`, the words `sixty months` shall be replaced by the words `sixty months`. (ii) in columns 1 and 2, the words `eleven months` shall be replaced by the words `twelve months`.
From 1 May 2013, the new stamp duty rates will apply to leave and licence agreements. . . .