rent agreement
Neeraj Kaushal
(Querist) 02 March 2011
This query is : Resolved
i have executed an agreement of rent of a shop between the tenant and landlord shop situated in Punjab state , The monthly rent of shop is fixed rupees 2000/ per month between the parties . The time period of agreement is 11 months . I have executed the rent agreement on 3rupees stamp paper , agreement is unregistered but signed by 2 witnesses , Rent agreement on 3 rupees stamp paper is valid in the eyes of law ,
Jebaraj Jasper Jacob
(Expert) 05 March 2011
Since the rental agreement is executed for a period of 11 months only, the same under law is not required to registered. But it should should be written in a properly valued Non- judicial stamp paper. If it is written in a properly stamped paper it is valid in the eye of law and the same can be even received in evidence by the court of law though not registered.
