Do you see that each agreement has its own conditions, so have it designed by a lawyer. 7. The Landlord has retained the original documents of this Agreement and the Tenant has retained the Carbon or Xerox copy as a reference. The holiday and license agreement is signed between a lessor and a tenant. As part of this agreement, the lessor grants the tenant to reside on its premises for a certain period of time. The whole process has been simplified and can be done online. The owner and the licensee must participate with two witnesses in an appointment at the town hall of the registrar or sub-regulation. The photos of all those present and their signatures are recorded in the government database and are annexed to the agreement. The authorities verify that all proof of identity and address are correct and the photos affixed make it easier to trace those who have signed. They are readily available, typically by cooperative banks, and are issued in a large number of securities. Both the tenant and the lessor must check all the clauses mentioned in the document before signing.

It is good practice to share the draft treaty first before going to print. Once you have checked and understood the details and conditions mentioned in the document, it can be verified. The registration fee for rentals in Karnataka is 1% of the rent + deposit. Although many people are unaware of the importance of paying proper stamp duty and registering the document, these factors cannot be ignored. In the absence of payment of a corresponding stamp duty, the dispute between thought rights may have to pay ten times the initial value as a fine. Registration means a record of the agreement in the government`s database.