Whether Stamp paper required for Rent Agreement

941 votes

Stamp paer is required for rent agreement.Rs 200 stamp paper will be required for the lease agreement.
According to the Act, a ‘Lease’ encompasses the following entities or institutions – counterpart, kabuliyat, an undertaking to cultivate or occupy, and an agreement to lease, while an immovable property includes land, buildings, hereditary allowances, rights to ways, lights, ferries, fisheries, or any other benefit to arise out of land (but not standing timber or growing crops). Any of the aforementioned immovable properties are to be registered if they are leased out to a Tenant or a Leasee for 12 months or more. A rent agreement lasting 11 months (or less) doesn’t mandate Registration.

Advocate Siddhant Sharma LawRato