Posts

Showing posts with the label rental agreement

What is a non-judicial stamp paper? Why is it required? What are differences between 10 Rs, 20 Rs, and 50 Rs non-judicial stamp papers?

Image
Stamp papers  that would be used for execution of documents are called  non judicial stamp papers Non-judicial stamp use to execute like following documents, Affidavit An immovable property agreement like rental agreement, lease agreement, Sale agreement Power of Attorney (POA), General power of attorney (GPA), Special power of attorney (SPA) Business agreements like partnership agreement, Investmnebt agreement, loan agreement, etc. There is no visible difference between 10Rs, 20Rs, and 50Rs non-judicial stamp paper, all non-judicial stamp papers look like same but the stamp duty amount differ (we circled stamp duty in below image for your consideration) For different document title, different stamp duty is application For Example : Affidavit: Rs. 20 stamp duty Rental agreement: Rs. 100 Lease agreement: Rs. 200/- Power of attorney: Rs. 200–500/- Sale agreement : 0.1% of consideration value Non-judicial stamp paper available near you at the following places Co-operative bank Co...

Can we have a rental agreement for 5 months?

                Yes, can have a rental agreement for 5 months. A rental agreement can be prepared to minimum of 1 day to maximum of 99 years. Any duration of a rental agreement should pay the required stamp duty, which is even 1 day or maximum to 99 years. In Karnataka, For 5 months rental agreement, you may use Rs. 100/- non-judicial e-stamp paper. E-stamp paper is available at your nearest co-operative bank, court, or register office. No need to register a rental agreement. Registration is mandatory for the agreement duration of more than 11 months. Generally, an agreement is registered at respective sub-register office. You may notarize the rental agreement from notary public, this helps you better legal stand and use the agreement as your local address proof. In Karnataka, we provide rental agreement service, our service includes agreement execution + notary + home delivered in 2 working days. Same day express delivery available. To opt for ou...