To create a lease with LegalDesk, enter your data into our customizable and legal prefabricated rental agreement, which you can access by clicking on the button below. Enter the details of all the participants and the details of the rental property. Check and print the Softcopy prepared on the buffer paper, or you can allow us to print the document on stamp paper and deliver it to you. Lease agreement is an agreement in which two parties own and tenants mutually for the rental of real estate according to the rules and regulations pre-established by the Government of India. It is very important for the tenant and the owner of the property. Leases could be registered with six sub-repertory in the city, three in Noida and one in Greater Noida, Jewar and Dadri. Make the lease by specifying the details in accordance with the requirement. Details can be detailed of both parties – tenants (details of all mature tenants and owner, details of the monthly rent and warranty of this property, date of agreement, blockage in the period, pet supplement and other conditions. Stamp duty is taxable for the validity of a legal document. In UP, stamp duty for leases is 4% of the annual rent – deposit if the term of the tenancy is less than one year.

Officials will also try to find out how many people have rented apartments or houses. “We will use our sources to identify those who live in different companies and rent colonies, but who have not yet registered their contracts with the stamp department,” Singh said. However, if a tenancy agreement is 11 months or less, a tenant is not required to register the document. Indeed, a tenancy agreement of a minimum amount of 12 months is subject to the laws on rent control, a lease is not 11 months. In such cases, however, the tenant would have to buy stamp papers worth 2% of the annual rent – which would amount to 2,200 billion euros if we consider that the monthly rent is 10 trillion. Every year, many people migrate to UP to seek culture, education and opportunity. This naturally results in an increase in the demand for rental space within the city.