Once you have prepared the project with us, the next step would be to print the draft lease on buffer paper. While e-stamping is not widespread throughout Gujarat, with the exception of Ahmedabad, Stamp securities can be purchased by the sub-registrar offices, shcil (Stock Holding Corporation of India Limited) and some banks such as Bank Of Baroda, Punjab National Bank, Canara Bank, Yes Bank, etc. For the purchase of a stamp paper, a tax must be paid to the government in the form of a percentage of the rent paid each year to the landlord. In the event of non-payment of stamp duty, both the landlord and the tenant must expect the consequences of a dispute in which an additional amount must be paid as a fine. Office space leases are provided for the rental or rental of commercial buildings. It`s legal… Gujarat is the state that is still at the top of the list of maximum contributors to GDP, this is where several states look when trying to woo foreign direct investment. A state now best known for the ever-increasing investment it has been attracting in recent times, thanks to a business-friendly environment and a booming economy, there is little doubt that it is a magnet for the growing number of job seekers gathering in central Ahmedabad, Surat, etc. If you are the one considering a migration to one of these cities to take advantage of one of the opportunities and look for a rental stay, here`s everything you need to know. In addition, you can also adapt your own rental contract and tailor the clauses to your needs. Registration Rental Agreement Caution Cachet Paper Once the registration of a rental agreement has been completed, the landlord and tenant can guarantee full transparency that is in the best interests of the landlord and tenant.
[…] Here`s everything you need to know to make a lease in Surat, Gandhinagar, Ahmedabad, Rajkot, Vadodara or other places in Gujarat. […] It should be kept in mind that a rental contract printed on a stamp paper is not applicable if it is not registered with a sub-registration office. It is therefore expected that the same thing will be registered with a sub-registrar`s office in order to make it legally enforceable in the event of a dispute. For one of the most efficient and cost-effective ways to prepare your lease with all the clauses available with an adjustment option, you will find it easier to use our portal to prepare a project in minutes. In addition, all draft contracts, documents and business documents that we have on our website are legally valid and ready for use.