For example, if you enter into a 24-month vacation and license agreement with a monthly rent of 25,000 rupees and a refundable deposit of five Lakh Rs, you will have to pay a stamp duty of 1,750 rupees (0.25% on the rent of six Lakhs for two years and interest on one lakh for two years). In Maharashtra, holiday and licensing contracts must be stamped with a flat stamp duty rate of 0.25% of the total rent for the period. If a non-refundable deposit is also paid to the lessor, stamp duty is also levied on these non-refundable deposits. However, for Maharashtra, the law has been made stricter and, in accordance with the provisions of section 55 of the Maharashtra Rent Control Act, 1999, any lease or leave and licence agreement must be in writing and it must also be registered compulsorily, regardless of the duration of the tenancy. The registration of leave and licence is provided for in section 55 Maharashtra Rent Control Act, 1999 (MAH). ACT NO. 18 OF 2000) (w.e.f. 31-3-2000) Section 55. Mandatory rental agreement. (1) Notwithstanding the provisions of this Act or any other law currently in force, any holiday, licence or rental of premises agreement entered into between the lessor and the lessee or.dem licensee after the entry into force of this Act shall be in writing and registered in accordance with the Registration Act. 1908. (2) The lessor is responsible for registering such a contract and, in the absence of a registered written agreement, the lessee`s assertion as to the conditions under which premises were given to the lessee or leased by the lessor on vacation and licensed shall have priority, unless proven otherwise.

3. Any owner who violates the provisions of this section is liable to a term of imprisonment of up to 3 months in case of conviction or a fine equal to 5000/ or both. In the Maharashtra State License governed by the Homologation Act 1882, Section 52. ”Licence” means where a person grants another person or a number of other persons the right to do or continue to do something in or on the property of the licensor, which would be unlawful without such a right, and that right does not constitute an easement or interest in the property; the right is called a license. Note: The rental of a property on vacation and License Basic does not allow the licensee to take an interest in the premises and makes certain rights of use and use or enjoyment of a residential or commercial property for a limited time.