Mou entered
Vinod
(Querist) 10 June 2013
This query is : Resolved
Dear Experts,
We have entered MOU with some Vendors for Sub Letting of Space OR giving space on Rent @ some amount and now Can we execute this MOU on stamp Paper of Rs. 50 and get it Notarized for future disputes.
The amount of rent is 1000 per day.
R.K Nanda
(Expert) 10 June 2013
execute MOU on Rs.100/- stamp paper and
notarized it.
Raj Kumar Makkad
(Expert) 11 June 2013
Stamp duty depends upon State to State and it shall be good if MOU is duly registered.
Vinod
(Querist) 11 June 2013
Dear Raj Kumar Sir with regards,
I have one more question to you
Is it still mandatory to register the agreement even if the full amount duty is paid to the State Govt and the consideration is very low ie 1000 pm.
V R SHROFF
(Expert) 11 June 2013
The amount of rent is 1000 per day.
the consideration is very low ie 1000 pm.
What is true?
Rs. 365000/- p year or
Rs. 12000/- pa
In Mah State Rent Agr must compulsorily SD pd and Regd.
Vinod
(Querist) 11 June 2013
Shroff Sir my intention to say is that Is the amount of Consideration decides its registration with Govt or not ?
V R SHROFF
(Expert) 11 June 2013
yes.
11 months rent + deposit
Anirudh
(Expert) 11 June 2013
What is the duration (period) for which the sub-letting is being done?
Advocate Ravinder
(Expert) 11 June 2013
First all check up whether sub letting/license deed provision is there or not in the original lease agreement.
Anyway, If you want to enter into agreement, it will be a license agreement which can be executed on Rs.100/- NJ stamp, signed by both the licensor and licencee. No need of notary. Normally registration is not necessary as it is not immovable property. But it is better to register.
Raj Kumar Makkad
(Expert) 15 June 2013
The amount has nothing to do ith the registration of the agreement.
