Clean stamp in the Commercial Sublease Contract

Aug 6th, 2022
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  1. Start by uploading your Commercial Sublease Contract to DocHub. Alternatively, you can import directly from your cloud storage.
  2. As soon as opened, locate the top and left toolbar to clean stamp in Commercial Sublease Contract.
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The stamp and registration charges for rent agreements in Punjab are as follows: For rent agreements for more than 11 months, the stamp duty is calculated on the basis of the rent amount and the duration of the tenancy. The registration charges are fixed at Rs. 100.
In India, the cost of drafting the rent agreement and stamp duty is borne by the tenant in most cases. The tenant may also be responsible for registering the rent agreement as per local laws. However, the rent agreement cost can be borne by the landlord or shared between both parties.
Stamp Duty in Bangalore Stamp duty is 0.5% of the annual rent and deposit or Rs. 500 (whichever is lower) when the lease period is less than one year. In this case, the rental agreement need not be registered. If the rental agreement is registered then the stamp duty is set at 1% of the annual rent and deposit or Rs.
The Landlord hereby consents to the Tenants sublease of the Lease to the New Tenant on the terms of the sublease of the Lease, a copy of which is attached as Exhibit B (the Sublease). The Landlords consent to the sublease does not constitute consent to any subsequent subleases or assignments of the Property.
Lessee shall not assign this Lease or sublet any portion of the Premises without prior written consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void and, at the option of the Lessor, may terminate this Lease.
Commercial leases require an effective default clause that allows the landlord to force a tenant to comply with all lease obligations. The default clause commonly provides the procedure for obtaining an eviction or the threat of an eviction for a commercial tenants violation of the lease.
Until now, registration of contracts for an 11-month period was not mandatory; however, it is now imperative to register them. The stamp duty for this procedure has been jumped from Rs 200 to Rs 500. Typically, tenancy agreements are drafted for an 11-month period for most houses and small businesses.
Requirements For Renting The agreement should be printed on a Stamp paper of minimum value of Rs. 100 or 200/-. Stamp duty is 1% of the total rent plus deposit paid annually or Rs. 500/- whichever is lower.

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