i want to rent out my shop on " leave & license" basis in kolkata , West Bengal , for 3 years.yearly rent is IRs 1.8 lac
my query is
1, Agreement for 3 year is permissible in Law ?
2. whether i have to register this Agreement ? if yes at what cost ?
3.under which Act this agreement will be governed in west bengal ?
The answer to your questions are here in below :-
1) Yes
2) It is advisable to get your lease Deed registered . 1% of annual rent and normally paid by the tenant.
3) Transfer of Property Act.
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