Some people choose to notarize rental contracts, but the notary is not a registration. Therefore, a notarized rent is never a substitute for a registered deed. The courts do not accept it as evidence in the event of a dispute. Even if the deed is notarized, you still need to register it. 1. When the contract is registered, the tenant is protected by rental rights, regardless of the duration of the tenancy. Thanks for the explanation, I have doubts – rent an apartment BHK 1 – the rate of 8,000/month, from 01-Jun-2015 to 30-Apr-2016 for a period of 11 months, and extended for an additional 11 months from 01-May-2016 to 31-March-2017 – No change in rent, now the contract is again extended for 11 months from 01-April-2017 to 28-Feb-2017 – the rate of 8,300/month. Now the question comes to mind, what with 12 months, the owner approach will be right? The reason is that I increased the rent two (2) months before the actual start date, namely 01-Jun-2016, in this case of gain two (2) months profit goes to the owner, if the approach of the owner is correct? or will he negotiate with the owner for 12 months? 10% x refundable deposit x number of years of contract – C 1) it is certain to extend the contract after the expiry of the 33-month term Ashok is the owner of a 2 bedroom house. He rents it on the monthly rent of Rs. 8000/- in Mahesh for a period of 11 months. Bail is Rs.50000/-. You`re making a lease on a 50 rupee paper. Things are going well up to 5 months.
Mahesh pays the rent up to 5 months after which he stops paying the rent and also refuses to move. Ashok approaches the court. The Court imposes the agreement on the stamp duty of the deficit paid and imposes the fine up to ten times the stamp duty. So what will Ashok`s fine pay? Let`s do the math. States could soon begin enforcing the provisions of the 2019 Model Rent Act, as the center aims to give the policy a more restrictive meaning by transposing it into law. The project was made available to the public and policy proposals were submitted by October 31, 2020. After this period, the model policy could be the vision document on which states will submit their own rent laws. If this happens, Maharashtra`s rental market will also undergo significant changes. The move will unlock a large number of units in the rental segment.