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Rent agreement registration

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sunil kumar

accounts executive

24 Points Posted on 24 May 2020

hi

please advise whether rent agreement is mandatory to register if same is made for 3 years .

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Quick Summary

This discussion clarifies the mandatory registration requirements for rent agreements in the UK. According to the Registration Act, 1908, any lease agreement exceeding 12 months, including a 3-year term, must be registered. Registration involves paying stamp duty and a registration fee, with the stamp paper usable in either the tenant's or landlord's name.

Aashok Kumar Sharma

Finance/Compliance Consultant

69131 Points Posted on 29 May 2020

According to the Registration Act, 1908, the registration of a lease agreement is mandatory if the leasing period is more than 12 months. If an agreement is registered, stamp duty and registration fee needs to be paid for it. ... The stamp paper can be in the name of the tenant or the landlord