Lease Deed/Rent Agreement/Rent deed/Lease deed/Lease agreement :-

Lease:- A lease is a contract between the lessor and the lessee it is a contractual relationship arising by transfer of right to enjoy the property by the transferee

Documents required for registration of Rent agreement/Rent deed/lease deed/Lease Agreement

• Identity Proof of lessor/owner and lessee/tenant and witnesses.
• Residence Proof of lessor and lessee and witnesses.
• Ownership proof of leased/rented property:-
• Two passport size photographs of lessor and lessee.
• If applicable Power of attorney/special power of attorney registered by Sub-Registrar

Stamp duty, Registration Fee, Computer Fee, Pasting Fee in Punjab:-

1 year to 5 year lease : 8% of average annual rent
6 year to 10 year lease : 3% of average annual rent
11 year to 20 year lease : 6% of average annual rent
21 year to 30 year lease : 9% of average annual rent
Above 30 year lease : 12% of average annual rent

Registration fee : 1% of average annual rent
Computer fee : Rs. 500/-
Pasting fee : Rs. 400/-

Lease

A lease is a contract between the lessor and the lessee it is a contractual relationship arising by transfer of right to enjoy the property by the transferee it has been defined under the section 105 of the transfer of property act which lays down that a lease of immovable able property is a transfer of a right to enjoy such property made of a certain time express or implied or in perpetually in consideration of a price paid or promised or of money a sort of crops service or any other things of value to be rendered periodically or on specified occasions to the transferor by the transferee who accept the transfer on such terms.

Registration of lease is compulsory-

That according to the Indian Registration Act 1908, Lease of immovable property from year to year, or for any term exceeding one year shall be registered.

What is Lease

A lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.

Leases how made

A lease of immoveable property from year to year, or for any term exceeding one year or reserving a yearly rent, can be made only by a registered instrument.