Lease Deed / Lease Agreement registration in Noida
Lease registration in Noida
A lease refers to a transaction under which an owner of a property (the landlord) lets out his property to another ( the tenant). A Lease Deed or a Lease Agreement incorporates the terms and conditions of this lease between the lessor and the lessee as per which the lessee agrees to pay periodic rent to the lessor for the use of his immoveable property.
As per the provisions of the Registration Act, 1908, it is compulsory to get a lease deed for a term of more than 1 year registered in the Sub Registrar office after paying the applicable stamp duty on it.
The lease deed needs to be executed both by the lessor and the lessee.
The Noida Sub Registrar Office is located in Sector 33, opposite the NTPC Office.
Important points to note in relation to registration of Lease Agreement in Noida are as follows :
1. Stamp duty is payable @ 2 % of the average annual rent in the case of lease agreements for a term of upto 1 year and @ 2% of the total rent for first 3 years in case of lease agreements for a term of greater than 1 year, but upto 5 years.
3. Both the Lessor / Landlord(s) and Lessee / Tenant(s) have to present themselves before the Noida Sub Registrar for the execution and registration of the Lease Agreement alongwith their two passport size photographs and identification documents .
4. The Presence of two witnesses alongwith their two passport size photographs is also required in the Noida Sub Registrar Office for the Registration of Lease Deed / Lease Agreement.
Our company provides services for Drafting & registration of only Commercial Lease Deeds in Noida
To get a Company Lease agreement registered, you may contact us at +91-8800418408.
Important Clauses in a Lease Agreement:
Some of the common points that are to be considered while drafting a Lease Deed are as follows:
As per the provisions of the Registration Act, 1908, it is compulsory to get a lease deed for a term of more than 1 year registered in the Sub Registrar office after paying the applicable stamp duty on it.
The lease deed needs to be executed both by the lessor and the lessee.
The Noida Sub Registrar Office is located in Sector 33, opposite the NTPC Office.
Important points to note in relation to registration of Lease Agreement in Noida are as follows :
1. Stamp duty is payable @ 2 % of the average annual rent in the case of lease agreements for a term of upto 1 year and @ 2% of the total rent for first 3 years in case of lease agreements for a term of greater than 1 year, but upto 5 years.
3. Both the Lessor / Landlord(s) and Lessee / Tenant(s) have to present themselves before the Noida Sub Registrar for the execution and registration of the Lease Agreement alongwith their two passport size photographs and identification documents .
4. The Presence of two witnesses alongwith their two passport size photographs is also required in the Noida Sub Registrar Office for the Registration of Lease Deed / Lease Agreement.
Our company provides services for Drafting & registration of only Commercial Lease Deeds in Noida
To get a Company Lease agreement registered, you may contact us at +91-8800418408.
Important Clauses in a Lease Agreement:
Some of the common points that are to be considered while drafting a Lease Deed are as follows:
- Description of the Parties to the lease
- Term of the Lease
- Monthly Rent payable
- Date and mode by which the rent is payable
- Purpose of lease – whether for residential or commercial purpose
- Security deposit and the interest to be paid on it, if any
- Additional Facilities provided by the Lessor
- Monthly maintenance charges and who bears it
- Other charges such as tax and parking fee, and who pays them
- Access to common terrace and common areas
- In case the lease deed needs to be registered, distribution of the stamp duty and registration expenses
- Notice period that needs to be given by either party to terminate the lease
How to
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Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website.
