Sir, I checked in online. I saved the app. But don`t display the payment option in the form and download documents are also not displayed. How can I pay for the lease? The provisions in this context require that any extension be treated as a new registration and a fee lease. Contrary to the old law, the registration process was carried out online and there is no fee for the registration of the rental contract, however, the service fee is charged on the portal for registration. 6. The rental authority invites the names of the parties, the information relating to the premises and the permanent status of the lease in Form I within a fortnight of the date of registration on its website. (1) Unless otherwise stated in the tenancy agreement, the interest rate that the tenant must pay to the landlord on unpaid rent and other fees is eight per cent (8%) per year. From a horde of MNCs to ancient temples, Chennai has it all.
It is therefore not surprising that a large number of educated people relocate to cities such as Chennai and Coimbatore mainly for jobs, which has increased the demand for rental properties. Which brings us to the point of this article, how do you make a lease in the cities of Tamil Nadu? In the event of disagreement in the future, the lease will be a priority of the legal fight. However, there are other factors that, if left unless, can cause greater problems. Here are some things you need to keep in mind- Yes. The lease is considered a new lease and must therefore be registered with the rental authority, as stipulated in Section 4. Should private companies limited also register their leases? 2. Any lease agreement between the parties after the law comes into force is registered with the rental authority within ninety days of the date of the execution of such a contract. Yes, all leases must be marked in accordance with section 35 of the Indian Stamp Act, 1899.