like stamp duty, is the tax levied on legal documents while they are waived to be legally valid. The lease is a contract between the tenant and the owner. Through this contract, the landlord grants the tenant the appropriate rights to accommodate the living quarters. The lease is oral or written. However, the lease plays an essential role in maintaining a good relationship between the landlord and the tenant, so it should be written. The decisive advantage of the written agreement is that it defines all the conditions agreed by both parties for delivery before and after the tenant. Once the tenant and landlord agree and sign the contract, it cannot be changed again unless the landlord and tenant agree. In the state of Karnataka, the maximum stamp duty that can be levied on any rental contract, but in most cases at least 500 INR/-. Always insist on the presence of two non-beneficiaries during the signing of the lease between the two parties. Therefore, the lease must be signed by both non-beneficiaries (witnesses) to make it a valid lease.
In addition, by paying a reasonable stamp duty, you can levy the rental agreement up to this tax on the legal documents in order to make them legally valid. In Bangalore, the maximum stamp duty is levied on the rental agreement| Karnataka is INR 500/-. This is calculated as follows: Leases under the Rental Control Act are based on the rent regulations of state governments and rents are determined by the state government. The rent is essentially determined by taking into account factors such as the market price of the property, the construction costs incurred, the construction time. So here is a simple logic that the older the property than the rent would be lower and vice versa. If a lease is signed for 12 months, the tenant receives ownership of the property indefinitely. This condition has certainly led to the number of problems such as the tenant refusing to leave the apartment, etc. The resolution of legal proceedings can easily take up to ten to twenty years. .