To be sure, the parties to a lease should be linked either to the cadastre or to lawyers in order to determine the need for registration. In the absence of an explicit agreement on the payment of rent and cancellation conditions in case of non-payment of rent, your rental agreement means that the tenant must pay the rent on the day of due date and that the rental agreement expires for a period of 15 days after non-payment. Although a rental document may be registered with the land registry, Article 3(2) of the Cadastre Regulation provides that the principles of termination and priority do not apply to `bona faith leases for the rental of shelves for a maximum period of 3 years`. Therefore, a document that draws up a rental contract for a period of more than 3 years (for example.B. a rental agreement), under penalty of being vulnerable by the owner`s beneficiaries (for example.B. buyer or new tenant) and loses priority over other registered documents that relate to the same property. In this case, the existing tenant can be distributed. When registering the lease, you must pay a stamp duty that varies depending on the city in which it is registered. This amount is paid by purchasing the stamp paper you owe to the government. In Delhi, stamp duty is equal to 2% of the average annual rent, for rental contracts with a maximum duration of five years. In Noida, you have to pay 2% of the annual rent as stamp duty, for rentals of up to 11 months.
To reduce costs, tenants and lessors sometimes conclude an oral agreement on the lease and avoid the realization of a lease. Sometimes they also document the agreement and set terms for the rental, but choose not to save the document.