Rajesh 23 June 2019

Lease agreement

Dear Sir,

I am planning to lease a flat

not rental

its only lease with no monthly rent but with returnable deposit alone

i have following queries,

a. what kind of precautions i should take

b. what is the value of the stamp paper for Lease Agreement

c. What is the prescribed format of the Lease Agreement

Thanks

Regards

Rajesh

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1 Replies

kavksatyanarayana (subregistrar/supdt.(retired)) 23 June 2019

Dear querist, it is a lease for a premimum or rent advanced and you have to pay Stamp duty as per your state rates. All conditions such as electricity, water, sub-lease and other conditions as mutually decided by both of you. For drafting lease deed, consult a senior Document Writer or a lawyer who draft deeds.