Stamp Duty – This is the tax paid to the government when an agreement or transaction is established. Stamp duty is calculated on the basis of the transaction value. He is paid to the government by buying stamp paper of reasonable value. Amit rented his apartment in Vikas. He reached an agreement on stamp paper of reasonable value. But he did not register it at the sub-registrar`s office. The agreement was signed by both parties. For the first 4 months, Vikas paid the rent correctly. the rent was set at rule 5000/- After four months, Vikas stopped paying the rent. Amit contacted the court. Although his consent was duly paid for by stamp duty, the court refused to accept the act as evidence. Vikas claimed that the rent was only 1500 and not 3500/- as Amit claims. If you want to register a rental agreement, tenants and landlords can agree to share the costs.

Token Advance – At the time of closing the house for rent, the tenant sometimes pays a small token advance to the landlord. The goal is to prevent the landlord from having other potential tenants. The token advance blocks the property until one of the parties backs down. Once the advance token is donated, both parties are presumed willing to enter into the deal. But if one of the parties does not back down other proceedings, that party must make up for the loss for the other party. Click here to check the format of a lease in English. Also known as a rental agreement, a lease is a written contract between the owner of a property (the owner) and the tenant who takes care of it for rent.