If you are an NRI and own property in Maharashtra, and if you need to register a Rental/Leave & License Agreement. There are two options for doing so: through a Special Power of Attorney or using a biometric device for online registration. The first option involves creating a Power of Attorney in your location, getting…
Introduction A Commercial Rent/Leave and License Agreement is a contract between a property owner and a tenant for the use of the commercial property on a license basis, like a shop, office, godown, hotel, etc. The property owner is called a Licensor and the person who is taking a property on a license basis is…
Cancellation vs Correction Deed A cancellation deed is a legal document used to cancel a previously registered legal agreement or deed. This can be done for a variety of reasons, like, if both the parties to the agreement want to back out mutually. A correction deed or a deed of rectification is a legal document…
A sale deed is a legal document that is used to transfer the ownership of a property from the seller to the buyer. In Pune, Maharashtra, the sale deed must be registered with the Office of the Sub-Registrar in order to be considered valid. The sale deed must include certain important details about the property…
In Maharashtra, the Department of Registration and Stamps has provided an online facility for time slot booking for document registration in the sub-registration office. To achieve the online appointment booking system, the Government has made a website and this online facility is called e-Stepin – Online Time Slot Booking. A citizen can use that facility…
In this article, I will try to explain the concept of 11 months rental agreement, notary and registration process, required stamp duty, and other rules. A lot of people have a misunderstanding that a Rental Agreement or Leave and License Agreement can be done only for the duration of 11 months. In fact, the Rental/Leave…
Following are some important clauses that should be included in the Agreement to sell or conveyance deed to protect the rights and interests of the buyers. These clauses are – Here are some important clauses that a property buyer should consider including in a contract or agreement when purchasing a property: It is important to…
This is just an attempt to simplify the concept of Negotiable Instruments and their impact, for knowledge seekers like you. ‘Negotiable Instrument’, ‘Cheque’ & ‘Dishonour of Cheque’ / ‘Cheque Bounce’: In the world of commerce and day-to-day business, you come across these phrases on regular basis. The Term ‘instrument’ denotes to a document/paper which generally…
Which document is more suitable in what situation, for transferring properties to your kin, relatives, near ones, etc.? Introduction Year 2020 has brought in new dynamics in all the fields. Not only the Government but citizens are also trying to adapt to the changing situations. The pandemic has made people give away their traditional way…
What is Will? – In a Will, a person (Testator) states that after his death how his self-acquired movable and immovable property or part which he owns in the ancestral property gets distributed. Stamp Duty – No Stamp Duty is Required for the Will. Registration or Notarization – Registration is not compulsory but if it is registered,…