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Usually most of the agreements are signed for 11 months in order to avoid stamp duty and other charges. As per the registration act, 1908 the registration of a lease agreement is essential in case of the lease term is more than 12 months. Once the agreement is registered, stamp duty and registration fee have to be paid for the same. For example, in Delhi, for a lease up to 5 years, the stamp paper value is 2% of the average annual rent. If a security deposit is a part of it, then add a fee of Rs 100. For a lease of more than 5 years and less than 10 years, the cost is 3% of the annual average rent. For a lease of more than 10 years and less than 20 years, the cost is 6% of the average annual rent. The stamp paper can be made under the name of the tenant or the landlord. Also, a registration charge of Rs 1,100 has to be paid by demand draft.
Terms commonly included in a Rent agreement

• Duration: The rent agreement will be effective for this period.
• Rent: The amount of payment made by the tenant to the landlord for the specific property.
• Lock-in period: Either party can not terminate the agreement during this lock in period. It is the minimum duration to make sure neither party changes its mind and backs out after the agreement is issued and other party faces loss. This lock in period must be specified in the agreement.
• Deposits: TThe deposit amount is required for rental agreement. The purpose of the deposit and conditions of return of the deposit after the completion of rental period is mentioned in the agreement.
• Terms of Use: The purpose of the rent of the property, terms and conditions regarding the usage of the property.
• Utilities: The utilities that are included in the rent and the utilities the tenant is responsible for.
• Insurance: If the tenant is bound to insure the property. This term is often used in commercial rental agreements.
• Repairs and Maintenance: Whether the landlord or the tenant- which party is responsible for the repairs and the maintenance of the property.

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    When partners have a partnership deed it helps them with legal responsibilities towards the firm. Partnership deeds do not require registrations and can be used anyway.

    Benefits of a well contracted partnership deed:

    It adjusts and balances the privileges, duties, and responsibilities of all partners
    It helps in preventing any confusion and misinterpretation between the partners as all the clause of the alliance have been pre-contracted
    It helps in settling disputes between the associates by referring to the points mentioned in the deed.
    It clears uncertainties in terms of profits and losses ratio between partners.
    It decides the exact job roles and each partner have their clear set of tasks.
    Partnership deed contain articles that simplifies the salary (remuneration) to partners and the interests for partners who invested capital in the business.

    It is advisable to have a well-drafted partnership deed instead of oral contracts.

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      Sale deeds are crucial during any property deals. It is like a right to agreement over the deals that are pre- determined and to be followed by either parties i.e. the buyer and seller. In order to process a sales deal, the documents required are proof of identity of both parties, ownership proof and other important documents. It margins the purchasing rights of the buyer and provides legal rights. Sale deeds are mandatory for establishing property claims. All pending documents such as taxes, electricity/water charges are to be included in the sales deed.

      Sale Deed Can Be Made for:

      Vehicle: Car & Bike
      Lands: Agricultural, Commercial & Vastu
      Property: Commercial & Residential
      House
      Business
      Transfer Shares

      Draft of Sale Deed/Title deed/Conveyance Deed
      7/12 extract or RTC (Records of Rights and Tenancy Corps) Khata Certificate and Extracts
      Joint development agreement, GPA, & Sharing/supplementary Agreement, between land owner and builder
      Power of Attorney if any
      Building plan sanctioned by the Statutory Authority
      Allotment Letter from the Builder/Co-Operative Society/Housing Board/BDA.
      If any loan on the property (Current or past) / Original Property Documents with Bank
      Sale agreement with the Seller
      All title documents of land owner
      A Copy of all registered previous agreements (in case of resale property)
      NOC from Apartment Association (in case of resale property)

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          • Two or more parties must have the intension of getting involved in a partnership or a venture.
            Both the parties invest in the venture or according to the agreement.
            Each party is assigned with duties and rights as per the partnership.
            The terms of the agreement define the venture or the partnership that includes the agreement span and the share of the parties.

          The two options available for establishing a joint venture in India are:

          • Contractual joint venture
            Equity based joint venture

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