stamp duty for rent agreement

Inspite of the statutory provisions governing grant of a license the distinction between a Lease and a License is very fine resulting in spate of controversy and litigation therefore, the intention of the parties are the real test for ascertaining character of a document. Honble Supreme Court of India in Khalil Ahmed Bashir Ahmed v. Tufelhussain Samasbhai, AIR 1988 SC 185, their Lordships laid down the propositions as well established

(9) A license is determined by the death of the grantor, while a lease is not.

Dear Mr Vishal,

Thank you very much for your wonderful explaination between lease and license. It clears distiction between lease and 'Leave & License'.

However, my query is regarding-RENT.

1. Which article of Bombay Stamp Act mentions about duty payable on Rent?.

2.and especialy duty payable on rent for 11 months?

3.The duties payable on Lease and 'Leave & License ' are given therein. I could not find -for RENT.

4. Further, what is the diff between lease and Rent?

Please advice.

Rent Agreement covered under "Leave and License" or 'Lease' depending upon the terms of agreement and intention of the parties.

If its very limited in nature and by rent agreement a person is having mere right to use the property, then it will be license and liable to stamp duty under bombay stamp act as such.

Rent Agreement covered under "Leave and License" or 'Lease' depending upon the terms of agreement and intention of the parties.

If its very limited in nature and by rent agreement a person is having mere right to use the property, then it will be license and liable to stamp duty under bombay stamp act as such.