Registration of agreement
P.C. Joshi
(Querist) 05 November 2014
This query is : Resolved
Dear Sir,
I have entered into a lease agreement with a party and got the lease registered. After some time, I and Lessor agree to amend the lease. Is there any statutory requirement to get the amendmant agrement registered or we can simply sign on Rs 100/- stamp paper.In Another scenario, if I discontinue the lease but on the same terms and conditions my brother is ready to take the place on the same lease I mean only the name of lessee is to be changed. In this case, can the change of name be done by an amendment or a fresh lease has to be entered.
Shall appreciate for prompt responses.
Thanks
P.C. Joshi
What will the effect
Sailesh Kumar Shah
(Expert) 05 November 2014
Is there any statutory requirement to get the amendmant agrement registered or we can simply sign on Rs 100/- stamp paper.
Answer: it is advisble to get registered.
if I discontinue the lease but on the same terms and conditions my brother is ready to take the place on the same lease I mean only the name of lessee is to be changed.
Answer: your brother have to execute and registered fresh lease deed.
Rajendra K Goyal
(Expert) 05 November 2014
It is advisable to get the document registered.
2. Fresh registered lease deed required to be executed.
P.C. Joshi
(Querist) 06 November 2014
Thanks for your inputs. just one more issue. Suppose fater registering a lease there is a modification regrding any exisiting cluse or any clause is added/deleted. Can this modification be done through an amendment on stamp paper or it has to be registered again. if yes what will the stamp duty payable in Delhi.
Thanks
P.C. Joshi
Sailesh Kumar Shah
(Expert) 06 November 2014
modification of existing lease deed i.e. in clauses does attract nominal stamp duty, may be rs.100.
