Sir, please download the video how to do poa with a holiday and license agreement? Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” Even if the parties choose to maintain an agreement for a longer period of time, they can mutually decide the condition of the rent increase and mention it in the agreement. z.B. 7% rent increase after 12 months. If a property is rented for 24 months with a monthly rent of Rs20,000 for the first 12 months and 22,000 Rs. per month for the next 12 months. The registration fee of this agreement would be: 2% of the average rent for 12 months: Rs5.040, (average monthly rent is Rs21,000, average annual rent is 21000 – 12 and 2% is Rs5,040). Under Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be registered from year to year or for a period of more than one year. Therefore, unless otherwise required by national law, any leave and licence contract must be registered for a period of 12 months or more. Years: The only difference is the type of process (online and offline), there is no difference in terms of legal value. In the online process, the parties submit the agreement smoothly and the agreement will then be submitted to the under-registration authority for approval. As part of the offline process, the parties personally submit the agreement in a hard form by visiting the under-registration site.[/extension] Applicants can pay stamp duty and stamp duty online by generating a Challan voucher online. The calculation of stamp duty is usually based on certain information to be mentioned when registering a property: the registered agreement can be concluded for a period of 60 months. It is therefore advantageous, in terms of costs and time, for parties to choose a longer term. To understand this, we need to divide costs into three parts, for example. B government stamp duty, government registration fees and fees for service providers. If the parties choose a longer period, there will be an increase in the purely public stamp duty. For example, suppose that if an agreement is reached for 11 months and the government stamp duty is equal to 300 – the government registration fee is Rs. 1000 – the service provider fee is Rs. 1500, the total cost is available around Rs. 2800. Now the same agreement can be made for a period of 22 months and the total cost is Rs. 3100 Note: Aadhaar card is mandatory for online check-in and for offline proof ID registration like PAN card, passport, etc.
The retention of 11 months for a DeAve-License licence agreement is not mandatory. Most people have a misunderstanding that the Leave-License Agreement can only be done for an 11-month period, it can be registered for up to 60 months.