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Mumbai Lease Agreement

“In accordance with section 55(1) of the Maharashtra Rent Control Act, 1999, any holiday and licence or rental agreement between the lessor and the lessee or licensee should be in writing and registered in accordance with the Registration Act 1908.” A prison sentence of three months or a fine not exceeding 5000/ or both. NPST, a “licensed service provider” chosen by the Maharashtra Government`s Department of Registration & Stamps for the provision of online rental services, has taken a step forward to reach citizens, raise awareness and provide a service at their favorable time and appropriate location. We used modern technology to create reach through phone calls and web service, to make the transaction easier for citizens. A registered lease is defined as a document that sets out the terms of a contract for one person to use another person`s property for a specified period of time. This is a contract between the tenant and the owner for the property rented by the owner to the tenant and his interest in the contract is preserved by the conclusion of a legal registration of the lease. Our trained executive will visit your front door to provide services and perform the contract It is the responsibility of the landlord to ensure the registration of the lease, failing which the landlord may have to pay a fine 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. On November 25, 2020, Durga Shankar Mishra, Secretary of the Ministry of Housing and Urban Affairs, said that once implemented in the states, the new law would release through a crore empty houses trapped by the old law and promote investment in the real estate sector. Section 52 of the Indian Easements Act of 1882 defines leave and licence agreements. 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. » A rental agreement form contains information about the owners, tenants, rental term and the terms of the rental agreement.

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