Today, the Tamil Nadu government introduced the new rules of the Tamil Nadu Lords and Tenants Rights and Responsibilities Act, 2017, which make it mandatory to register rental agreements in the state. Yes, the registration required by law is independent of the registration of the rental agreement with the competent sub-registrar under “The Registration Act, 1908” From a horde of MNCs to ancient temples, Chennai has it all. It is therefore not surprising that a good number of educated people move to cities like Chennai and Coimbatore, mainly for jobs, which in turn has increased the demand for rental property. Which brings us to the point of this article, how to make a lease in the cities of Tamil Nadu? And if there is an oral agreement and now, in April, the tenant does not accept a written agreement and does not pay rent. The landlord can still register the tenant`s information and seek redress before the new law. You can also get the rental agreement format from these suppliers and have it printed on the e-stamp paper. All you need is to ensure certain points that must be present in the agreement. In addition, you must provide the details of your property and transaction. The omission of certain important clauses in your rental agreement leads to unpleasant disputes in case of disagreement between the tenant and the lessor. Even if the two parties know each other, the ideal is to make a comprehensive agreement to cover your back. Yes, the law applies to both housing and commercial leasing; including the use of premises for educational purposes, but not premises registered under the Factories Act 1948.
Registration under this law is mandatory for rental/lease agreements. Even if the agreement is entitled “license” or “leave & license”, if the terms of the agreement confer a right to the immovable property, such an agreement must be registered in accordance with this law. The “contractual conditions” determine the nature of the agreement, not the “title” attributed to that contract. Stamp duty is essentially a form of tax levied on legal documents in order to make it legally enforceable. In Tamil Nadu, the stamp duty paid for rental contracts is usually equal to 1% of the amount of rent + deposit, regardless of the duration of the rental. If you opt for a rental period of less than 11 months, a stamp paper of Rs 20-100 can be used for this purpose. Although, as discussed above, this type of lease is recognized in the legal corridors. In line with the official communication of the rules relating to the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act 2017, the government has developed a portal (www.tenancy.tn.gov.in) and will generate rental registration numbers for any agreement between a landlord and tenant.
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