1. Any rental agreement must be registered with the rental authority. Yes, it is highly recommended to make a lease before renting. Failure to have a lease signed by both parties leads to legal inefficiencies in the event of a dispute between the lessor and the tenant. As in the past, no fee is required for the registration of the rental agreement. However, for the provision of the online registration service, the service provider is subject to a service fee equivalent to Rs []. NotaryKart makes it easy to document rental agreements online in Chennai by providing customizable templates and arranging the check-in and delivery of the document to your door. Yes, in accordance with Rule [5] of the TNRRR Rules, the parties notify the rental authority, in the prescribed form, of the expiration or termination of the rental agreement within fifteen days from the date of expiration or termination. No, it is not mandatory to certify a lease in Chennai. In accordance with article 4 of the Act, all leases are made by written agreement. Hello, I have already made the holiday and license contract for 22 months in a 100rs stamp document for the apartment staying.
Is there still something to do? Yes, leases concluded before the entry into force of the law must be registered with the rental authority within 90 days, in accordance with rule [sub-rule 4 of Rule 3] of the TNRRR. Stamp duty is essentially a form of tax levied on legal documents in order to make it legally enforceable. If the duration of the lease is longer than eighty-nine years, seven rupees shall be payable for each Rs.100 or part of the amount of the rent, fine, premium or advance, if any:provided that, in any case, if a rental agreement is stamped with the value required for a rental agreement and a lease is subsequently performed under this contract, the tax on this lease may not exceed twenty rupees. It may seem like a big effort, but now you can use online rental services…