Amit rented his apartment in Vikas for rent. He made the agreement on the stamp paper of value. But he did not record it in the lower house. The agreement was signed by both parties. For the first 4 months, Vikas paid the rent correctly. the rent was set at Rs 5000. After four months, Vikas ended the rent payment. Amit went to the Court of Justice. Although his consent was duly paid, the court refused to accept the act as evidence. Vikas claimed that the rent was only 1500, not 3,500/, as Amit claimed. He also refused to sign the deed and totally denied entering into an agreement with the owner. As the document was not recorded, it could never be used as evidence and, for lack of evidence, Amit lost the fight. The rental or rental agreement is written on a stamp paper.
There are 2 types of rentals in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws enacted by the state government. The other type is a rental and licensing agreement of up to 11 months, which is not covered by rent control laws. The Registration Act of 1908 stipulates that among documents requiring mandatory registration, “the rental of real estate from one year to the next or for a period of more than one year or the booking of an annual rent” is one. If the duration of your lease is 12 months or more, registration of the lease agreement is mandatory. See also: The main clauses of a tenancy agreement Under the registration law, a rental agreement, if not registered, cannot be considered as proof. This means that in the event of a dispute between the lessor and the tenant, the unregant tenancy agreement is not recognized and therefore no argument and judgment can be rendered on the basis of an unregant tenancy agreement. Commercial rental contract is where a business owner takes a property for use as a business in Delhi. This agreement is signed between the owner of the business and the owner of the property.
New Delhi, the proud flourishing capital of India is the center of the main government buildings, the Parliament, etc. Delhi is also famous for its rich past and its share of historical monuments such as the India Gate, Qutub Minar etc. This combines with the pleasant climate and buzzing activity, Delhi makes a popular place for job opportunities to get around, leading to tons of people heading to this charming delhi city in search of jobs and better opportunities.