If you have any questions about rental issues or need assistance, you can turn to the Rating and Evaluation Service (RVD) for free inquiries, support and brokerage services. You can also get free legal advice from the Duty Lawyer Service. However, for Maharashtra, the law has been made stricter and, in accordance with the provisions of section 55 of the Maharashtra Rent Control Act, 1999, any lease or leave and licence agreement must be in writing and it must also be registered compulsorily, regardless of the duration of the tenancy. Please click on “Online Demo” on www.gov.hk/estamping for the e-stamping demonstration. Read also: Rental agreements are fully digital with Housing.com In order to save time, you can use the online e-stamping service to stamp real estate and share transfer documents. You can also apply for a conventional hallmark with the Stamp Office. In this article, you can learn more about the different punching methods. Leases of one year or more must be notified. For contracts of less than one year, only stamp duty applies, while registration is not mandatory. In the context of a procedure, documents subject to excise duty on stamps may be obtained as evidence only if they are duly affixed. For more information on unbamped documents and insufficient consideration, click here.
Stamp duty is the royalty levied by the government on various real estate transactions. You have to pay stamp duty if you buy real estate and also if you have a lease. Stamp duty must be paid in accordance with section 3 of the Indian Stamp Act 1899. Instant stamp service by GovHK (www.gov.hk/etax) Yes, electronic stamps are available in some states. In the case of electronic seals, you do not need to physically purchase a stamp paper for the rental agreement. You can simply register on the website of Stock Holding Corporation of India Ltd (SHCIL) and see if your state offers the option to stamp electronically. If your property is still under mortgage, you should obtain the prior agreement of the mortgage borrower for the rental of the property. Otherwise, you risk contravening your mortgage contract and your borrower could repossess the property.
You can search for a tenant yourself or hire a licensed real estate agent to take care of the rental of your property. In both cases, you need to provide your potential tenant with accurate real estate information before entering into a lease.