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Agreement legalities

Faiz Ahmed ( Article Trainee) (1731 Points)

01 July 2010

Can anyone answer this:-

CASE:- Mr. A of Chennai decides to let out his land and building at Lucknow to Mr. P. Mr.P who stays in lucknow agrees to pay Rs5000 p.m. as rent with an advance of 1month. The rent of future 11 months is recieved by A in the form of Post dated cheques.

Q1-- Can Agreement of Rent be drafted from Chennai and signed by respective parties?

Q2--- For how many months , the rental agreement can be drafted?

Q3-- Can it be drafted merely on stamp paper or does it require registration?

Thnx in advance!!!

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2 Replies

Sagar Zankhariya (Audit Assist.) (278 Points)
Replied 17 July 2010

Hi......... Faiz Ahmed

As per question following answer is

Ans 1 : Yes agreement can draft any place but signature of parties must be required.

Ans 2 : As per Act there is only 11 month agreement can be drafted and also valid.

Ans 3 : For future more benefit required stamp paper registration with Notarian.

Regards

Sagar Zankhariya

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madhura (director) (32 Points)
Replied 16 February 2011

i have my own co-operatve society in maharashtra.our former secretery had purchased a room of 170sq ft in MHADA scheme,by an agreement we had already paid him full amount,but he did not produce us a noc for registry.

Actually , that agreement was been made in 1997 on 20 RS stamp paper.but unfortunatrely we did not notary or registered that agreement.and now when we approach him he said he will never registered us that room.but the possession of that room is still under are organisation.so pls kindly suggest me what should i do in this case.

its urgent

Also tell me is there anything like validity of stamp paper or agreement