Rent Agreement Calculator Pune

It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. Our unique three-step process will agree in minutes. The formula for calculating stamp duty on the lease is 0.25% x D, of which D (monthly rental x number of months) – (pre-rent for the period/non-refundable down payment) – (10% x refundable deposit x number of years of contract). Case example 1: if your rent is 20,000, the refundable deposit is 50,000, the rent is 11 months and the place is urban, then your stamp duty is Rs 561.50 and the registration fee is rs 1000. In this case, the online rental fee in Pune: 1561.50 The registration fee for a rental contract in Maharashtra, depends on where the tenant is located. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff. if this is the case in a rural area. In the absence of a contrary agreement, the tenant bears the costs of stamp duty and registration.

You will then receive within 3-4 working days the Softcopy of the e-tampon rental contract that is delivered to your email. Leave and license agreement is, whether for one (1) month or for eleven (11) months, is considered 12 months, whether it is 50 sq or more, whether it is housing – trade or industry, it is the same calculation for stamp duty and for registration fees, it is different (for Urban or Rural). NOC policy is not required during the rental of the property on leave and licenses, but it is mandatory to send the verification form with the details of the owner/licensee, tenant/licensed and real estate agent at the local police station with the copy of the registered document. Police Verification Form to download Click here License period: Means month/years (no more than 60 months / 5 years) for renting a property like housing, Office, Shop and Industrial on Leave and License basics u/a 36A of Maharashtra Stamp Act. Refund deposit: Means the amount the taker (tenant) gave to the licensee (owner) as collateral (guarantee of good execution and compliance) for the occupancy of the property in good condition (except minimum wear). Non-refundable down payment (NRD) means the amount the licensee (tenant) gives to the licensor (owner) in advance, which must be adjusted according to the final monthly rent. Note: Tax Source (TDS): Applicable u/s 194 (i) of the Income Tax Act, 10% in 1961 for the total rent that was received in a fiscal year greater than $180,000/- or more.