Pramod (job) 09 February 2009
Hi there, my question is how safe is notorized document rather than getting it registered? I am having a showroom space for letting, the proposed tenant is looking for only agrement on stamp paper rather than getting it registered. Is it safe and legal in long run.
any property legal advisor in Pune.
cheers
Pramod
M. PIRAVI PERUMAL (Advocate & Consumer Rights) 09 February 2009
If it for period of 11 months there is no need for registration and if it is for longer duration registration is mandatory. To be on the safe side you can get it registered.
Ajay kumar singh (Advocate) 09 February 2009
You must get it registered.
PALNITKAR V.V. (Lawyer) 10 February 2009
If it is for more than 11 months it must be registered. Some local rent laws make registration mandatory irrespective of duration. Hence check the local rent law.
sanjeev gupta (Advocate) 10 February 2009
Hi,
If u have pay Stamp duty @ 2% of the total rent of One year, on that case u have to registerred ur rent Agreement at concerned Registrar office, otherwise If u have Paid Rs.50/- or 100/- as per the Rent Control Act, which is specfiy as per State, on that case u can Notarised that Rent Agreement, But in future, when u go to Court for vacant ur permises, on that time u have to pay some penality, whichever u have not paid Stamp Duty @2% on the Total rent of One year.
N.K.Assumi (Advocate) 11 February 2009
Notorized it and registered.