Up Government to Mandate Rent Agreement Registration Legal Terms to Be Enforceable in Court – Amar Ujala Hindi News Live

Up Government to Mandate Rent Agreement Registration Legal Terms to Be Enforceable in Court – Amar Ujala Hindi News Live
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Rent agreements in up: The registry of rent agreement will be promoted for the protection of the property. For this, the stamp duty will be kept very low. The minimum stamp duty on rent agreement of more than one year will be from Rs 500 to maximum of Rs 20 thousand.

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Along with this, the conditions written in the registered agreement will be legally valid, which can be claimed in the court. The proposal related to this will soon be introduced in the cabinet.

Stamp and Registration Minister Ravindra Jaiswal said that this will also reduce the disputes related to the landlord and tenancy. Currently, stamp duty is fixed according to rent and duration.

By registering the reinamay, the interest of both the landlord and the tenant will be safe. After registration, there will be legal recognition of the conditions written in the agreement.

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