Respected Sir, I’m planning to draft a rent agreement for 12 years. I’ve heard that a notarized agreement can’t be longer than 11 months. To make it legally binding, I need a registered agreement. However, I’m concerned about the hefty stamp duty charges, either on the property value or monthly rent. It’s a significant cost that I’m not prepared to bear. I’m investing heavily in interior work on this property. Could you please advise me on a legal way to secure my investment without incurring huge stamp duties? I need a legally sound document to avoid any future issues with the landlord. I eagerly await your positive advice. Thank you.

Apni Law
Apni Law
Law Forum › Category: Landlord / Tenant › Respected Sir,

I’m planning to draft a rent agreement for 12 years. I’ve heard that a notarized agreement can’t be longer than 11 months. To make it legally binding, I need a registered agreement. However, I’m concerned about the hefty stamp duty charges, either on the property value or monthly rent. It’s a significant cost that I’m not prepared to bear.

I’m investing heavily in interior work on this property. Could you please advise me on a legal way to secure my investment without incurring huge stamp duties? I need a legally sound document to avoid any future issues with the landlord.

I eagerly await your positive advice.

Thank you.

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Apni Law Staff asked 1 year ago

Respected Sir,

I’m planning to draft a rent agreement for 12 years. I’ve heard that a notarized agreement can’t be longer than 11 months. To make it legally binding, I need a registered agreement. However, I’m concerned about the hefty stamp duty charges, either on the property value or monthly rent. It’s a significant cost that I’m not prepared to bear.

I’m investing heavily in interior work on this property. Could you please advise me on a legal way to secure my investment without incurring huge stamp duties? I need a legally sound document to avoid any future issues with the landlord.

I eagerly await your positive advice.

Thank you.

1 Answers
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Best Answer

Apni Law Staff answered 1 year ago

While a notarized rent agreement cannot exceed 11 months, you can enter into multiple 11-month agreements for a total of 12 years. This avoids hefty stamp duties on a single long-term agreement. However, ensure each agreement is duly notarized and includes clauses for rent escalation and renewal to safeguard your investment.

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