What are the opening hours?

Monday 9am - 9pm Tuesday 9am - 9pm Wednesday 9am - 9pm Thursday 9am - 9pm Friday 9am - 9pm Saturday 9am - 9pm Sunday 9am - 9pm

ProCounsel - Property Legal Consultants, Shiv Krishna Society, Pune (2026)

07/10/2023

🏢 Understanding Commercial Rent/Leave and License Agreements 📝

Are you ready to explore the world of Commercial Rent/Leave and License Agreements in Pune?

A Commercial Rent/Leave and License Agreement is a contractual arrangement established between a property owner and a tenant for the licensed use of commercial property.

This type of agreement is commonly employed for various commercial purposes such as running a shop, office, warehouse, hotel, and more. In this legal framework, the property owner is referred to as the Licensor, while the individual or entity taking the property on a license basis is known as the Licensee.

The core of this agreement is to outline the terms and conditions that the Licensee must adhere to during the designated timeframe.

It's crucial to comprehend the ins and outs of Commercial Rent/Leave and License Agreements. Here are some vital insights and terms and conditions you should be aware of:

💲 License Fees:
This is the fee the Licensee pays the Licensor for property use.
The agreement should specify the amount clearly to prevent future disputes. Consequences for non-payment or irregular payments should also be outlined.

💰 Security Deposit:
The Licensee pays this amount to the Licensor as a form of security. It's typically refundable if the Licensee meets their obligations. Conditions for refund often include no damage, no pending rent, and no utility bill arrears.

🛠️ Maintenance and Repair Responsibilities:
Who's responsible for fixing wear and tear or making necessary repairs? Discuss who bears the costs of repairs, modifications, and restoration.

🚫 Restrictions on Use:
Understand any limitations on property usage. This can involve hours of operation or the type of business allowed (e.g., retail, office, etc.).

🔒 Lock-in Period Clause:
A provision requiring the Licensee to stay for a minimum period.
Protects the Licensor's rental income and investment. Consider potential hindrances and financial penalties for early termination.

🚪 Termination Clause:
The agreement should outline how early termination works, especially in cases of contract breaches. Mention the notice period required and consequences for early termination.

⚖️ Dispute Resolution Procedures:
Detail the steps for resolving disputes between the parties.
Options may include mediation, arbitration, or other dispute resolution methods.

🌍 Pandemic/Natural Disaster Clause:
Address unforeseen events like pandemics, earthquakes, or floods. Provisions may include force majeure clauses, license fee abatements, and procedures for termination or renegotiation during prolonged disruptions.

Understanding these terms and conditions is vital for a harmonious licensor-licensee relationship. Ensure you have a clear grasp of each element to prevent misunderstandings and disputes.

Don't forget about Stamp Duty and Registration Fees, which can affect your agreement's cost. If you're considering registration, remember that customization may require a visit to the registration office.

28/08/2023

📜 Exploring Cancellation Deeds and Correction Deeds in Legal Documents 📑

Ever wondered about the intricacies of legal agreements and property deeds? 🏡 Let's dive into the differences between a Cancellation Deed and a Correction Deed.

📜 Cancellation Deed: This legal document is employed to revoke a previously registered agreement or deed. A cancellation deed is used when both parties in an agreement decide to mutually back out and it nullifies the original arrangement.

📜 Correction Deed: Mistakes happen, even in legal paperwork. A Correction Deed comes to the rescue when errors or inaccuracies are spotted in a previously registered document. From typographical blunders to updating ownership details, this deed rectifies the record.

In essence, a Cancellation Deed cancels an existing agreement, while a Correction Deed fixes errors in a registered legal document. Legal matters can be complex, so understanding these nuances is vital. 🖋️💼

12/08/2023

📜Clauses in Online Leave and License Agreement 🏠

A Leave and License Agreement is a legal document that outlines the terms and conditions between the Licensor (property owner) and the Licensee (tenant). Here's a detailed look at the key clauses in an online Leave and License Agreement in Maharashtra:

1️⃣ Period: This clause specifies the duration of the agreement, usually in months. It clearly states the start and end dates, ensuring that the Licensee has the right to occupy the premises only for the agreed period.

2️⃣ Rent & Deposit: This section outlines the monthly rent and deposit amount. It may include different payment structures, such as varying rent amounts for different periods or interest-free refundable/non-refundable deposits.

3️⃣ Payment of Deposit: Details the method of payment for the deposit, whether by cash, demand draft, cheque, or electronic transaction.

4️⃣ Maintenance Charges: Specifies that the Licensor is responsible to pay rates, taxes, levies, assessments, non-occupancy charges, etc. and depending on the agreement the licensor or the licensee is responsible to pay the monthly maintenance charges.

5️⃣ Use: Defines the purpose for which the Licensed premises can be used by the Licensee. It also includes obligations to maintain the premises and prohibits unlawful activities.

6️⃣ Alteration: Prohibits the Licensee from making any alterations or additions to the premises without written consent from the Licensor.

7️⃣ No Tenancy: Ensures that the Licensee does not claim any tenancy rights or sublet, transfer, mortgage, or raise loans against the premises.

8️⃣ Inspection: Allows the Licensor or authorized representative to inspect the premises at reasonable intervals, with prior notice.

9️⃣ Cancellation: Details the conditions under which the Licensor can revoke or cancel the License, such as default in payment or breach of terms. It also includes the notice period for cancellation.

🔟 Possession: Outlines the Licensee's obligation to vacate the premises upon expiration, termination, or cancellation of the agreement. It includes provisions for damages if the Licensee fails to vacate.

1️⃣1️⃣ Registration: States that the Agreement must be registered, with all associated costs borne by the Licensee or Licensor or equally.

Schedule: Provides a detailed description of the property, including the apartment/flat number, built-up area, floor, building name, plot details, village, tehsil, district, and municipal corporation limits.

Understanding these clauses is essential for both Licensors and Licensees to ensure a transparent and legally binding agreement. Always consult with a legal professional to tailor the agreement to your specific needs.

10/08/2023

👉 How to Check the Authenticity of Online Registered Leave & License Agreement in Maharashtra? 📜🔍

In today's digital age, ensuring the authenticity of legal documents like Leave & License Agreements is important. Here's a step-by-step guide to verify the authenticity of your registered agreement:

1⃣ Find the Document Registration Number: Every registered Leave and License agreement gets stored in the Government database by a unique Document Registration Number.
2⃣ Visit the Official Site: Go to Maharashtra Government's Free Search Service https://freesearchigrservice.maharashtra.gov.in/
3⃣ Create a Login: This step is optional.
4⃣ Enter Details: Click on दस्त निहाय/Document Number, select the Registration type as “eRegistration,” District name, Sub-Registration Office, year of registration, and enter the document number.
5⃣ Click on Search: After a few seconds, scroll down the page and check Index II (Index II is the short description of the agreement).

✔ By following these steps, you can ensure that the document is registered and all the information is correct. Stay informed and make your property dealings transparent and secure.

09/08/2023

What is Index II and How to Search & Download It Online in Maharashtra? 📜🔍

Index II is an important document that gets generated when people register documents like sale deeds, rent agreements, gift deeds, etc. It's a snapshot of the registered document, containing vital information.

📍 Contents of Index II:

1. Type of Document: Sale deed, agreement for sale, gift deed, rent agreement, etc.
2. Transaction Amount: Total amount paid by the purchaser to the owner.
3. Property Market Value: Government value of the property.
4. Property Description: Society name, unit number, floor number, total area, parking area, balcony area, survey number, G*T number, plot number, village name, division name, district name, etc.
5. Area of the Property: Total area in sqft or sqmt.
6. Parties to the Agreement: Name, PAN, Address, etc., of the owner and purchaser.
7. Date of Ex*****on and Registration: Document Registration Number and Registrar Office Name.
8. Total Stamp Duty and Registration Fees.

📍 How to Search & Download Index II?

Read the following information and visit - https://freesearchigrservice.maharashtra.gov.in/

1. By Property Details: Requires details like the year of registration, party names, exact location of the property, survey number, or plot number, etc. Visit the official site and follow the steps.
2. By Document Number: Select Registration Type (eFiling, eRegistration, or Regular) and enter details like Office Name, Registration No, Year of Registration.

📍 Charges: Downloading Index II is free, but downloading the complete document may incur charges.

07/08/2023

New DHC Charges for Online Registration of Leave and License Agreement 📜🖋️

Attention property owners and tenants in Maharashtra! In addition to regular Stamp Duty and Registration Fees, the Maharashtra Government has introduced Document Handling Charges (DHC) for e-registration of Leave and License Agreements.

📍 Document handling charges were previously associated only with offline registration, costing Rs. 20 per page.
📍 Now, the government has decided to levy a DHC for online registration of Leave & License Agreement too.
📍 This means, on top of the regular stamp duty and registration fees, an additional Rs. 300 will be charged for e-registration of Leave and License Agreements.
📍 These new charges will come into effect from midnight of 7th August 2023.

It's essential to be informed about these changes, especially if you're considering e-registration for Leave & License Agreements in the near future.

06/08/2023

Section 24 of the Maharashtra Rent Control Act of 1999 📜🏠

Attention property owners and tenants in Maharashtra! Section 24 of the Maharashtra Rent Control Act is a crucial provision you should be aware of, especially if you're involved in licensing agreements.

🔹 Key Takeaways:
📍 If a licensee doesn't vacate the premises after the license period ends or if the license is canceled, the licensor can approach the Competent Authority to recover possession.
📍 Licensees who overstay their welcome? They could be liable to pay damages at double the rate of the agreed license fee.
📍 Only the licensee as per the agreement can make claims. The Competent Authority won't entertain claims from others.

🔹 Did You Know?
📍 The term "landlord" includes successors who inherit the property after the landlord's death.
📍 A written licensing agreement is the final word on the facts stated in it.

Stay informed and ensure your property transactions are smooth and hassle-free. Knowledge is power, especially when it comes to legal matters! 📚✨

05/08/2023

Agreement to Sell vs Sale Deed: What's the Difference? 📜🖋️

Navigating property transactions? It's crucial to distinguish between an "Agreement to Sell" and a "Sale Deed/Assignment Deed."

🔹 Agreement to Sell: This is the preliminary step. It's a document that outlines the terms and conditions of a property sale, including the agreed price and the commitments made by both the buyer and seller. Think of it as a blueprint or a roadmap that sets the direction for the final sale.

🔹 Sale Deed: This is the culmination of the process! Once all commitments are honored and payments are settled, this deed gets registered. It's the official document that transfers the ownership of the property from the seller to the buyer, marking the completion of the transaction.

Remember:

> The Agreement to Sell is the foundation upon which the Sale Deed/Assignment Deed is built.
> Always ensure you're clear on the terms and conditions in both documents to protect your rights.

Stay informed and make informed decisions in the world of property transactions! 🏡✨

01/08/2023

🏢 Understanding Local Body Taxes (LBT) on Property Transactions in Maharashtra! 💼💰

Hey everyone! 👋 If you're planning to buy, sell, or transfer property in Maharashtra, it's essential to be aware of the Local Body Tax (LBT) levied by the concerned Local Government Body. 🏙️🏠

LBT is applicable on various property transactions like Gift Deeds, Agreement to Sell, Sale Deeds, and Deeds of Assignment, etc. 📜💼 Currently, it stands at 1% of the Government Property Valuation or Transaction Value (whichever is higher). 📈💵

Let's break it down with some examples:

🎁 Example 1: A husband gifts his share of a flat to his wife, with a government value of 80 Lakhs. LBT payable: Rs. 40,000/-

🎁 Example 2: A father gifts a property to his daughter, with a government value of 80 Lakhs. LBT payable: Rs. 80,000/-

💼 Example 1: Sale Deed for Rs. 70 Lakhs, with a government value of 60 Lakhs. LBT payable: Rs. 70,000/-

💼 Example 2: Property sell transaction for Rs. 60 Lakhs, with a government value of 85 Lakhs. LBT payable: Rs. 85,000/-

Remember, in addition to the regular Stamp Duty, the Registration Department collects LBT in the form of Stamp Duty. 📜💰

Stay informed, and let others know about this important aspect of property transactions in Maharashtra! Share this post to spread awareness! 📢✨

27/07/2023

🏠📜 Understanding the Deed of Assignment 📜🏠

A Deed of Assignment is a legal document that serves as an instrument of transfer, conveying the rights, title, and interest of the assignor to the assignee. It is a crucial document in the process of property transactions, particularly when the property is being transferred from one person to another.

The Deed of Assignment delineates the terms and conditions under which the property is being transferred. It includes the details of the property, the parties involved in the transaction, the agreed-upon price, and the date of the transaction. It also includes the obligations and responsibilities of both parties.

The assignor, who is the original owner of the property, transfers their rights and interests in the property to the assignee, who becomes the new owner. The assignor must ensure that they have a clear title to the property and that there are no encumbrances or claims on the property. The assignee, on the other hand, must ensure that they fulfill their obligations as per the terms of the deed.

The Deed of Assignment must be registered under the Indian Registration Act, 1908. The registration process involves the payment of stamp duty and registration fees. The deed must be registered at the Sub-Registrar's office in the jurisdiction where the property is located.

Once the Deed of Assignment is registered, it becomes a valid legal document as proof of transfer of ownership. It is, therefore, of utmost importance to ensure that the deed is drafted accurately and registered properly to safeguard the rights and interests of the parties involved.

Stay tuned for more insights into property law. If you have any questions or need assistance with property-related legal matters, feel free to reach out. We're here to help! 🤝

26/07/2023

🏠🔑 Buying Property from a Power of Attorney Holder: What You Need to Know 🔑🏠

Navigating the real estate market can be complex, especially when dealing with Power of Attorney (POA) holders. But don't worry, we're here to guide you through the process!

A POA holder is someone who has been given the authority to act on behalf of the property owner. This can be due to various reasons such as the owner's absence or inability to handle the transactions. However, buying property from a POA holder requires careful consideration and understanding of the legal implications.

Here are some key points to remember:

1️⃣ Verify the POA: Make sure the POA is genuine and properly registered. It's crucial to verify the identity of the POA holder and the validity of the POA document.

2️⃣ Understand the Types of POA: There are two types - General and Special POA. A General POA gives broad powers to the holder, while a Special POA is limited to a specific transaction.

3️⃣ Legal Assistance is Key: Engage a property lawyer to guide you through the process. They can help you understand the legalities and ensure a smooth transaction.

Remember, buying a property is a significant investment. Don't rush the process. Take your time, do your due diligence, and seek professional advice.

Remember to always consult with a professional before making any decisions. Stay informed, stay safe! 🏠🔑

24/07/2023

"Granting Power of Attorney as an NRI: Simplifying Property Matters in Maharashtra

As an NRI, managing property and financial matters in India can be challenging, but a Power of Attorney (PoA) can be your solution. By appointing a trustworthy relative or friend as your PoA holder, you can conveniently handle property rentals, sales, purchases, gifting, and other tasks.

Choosing Your Representative:

Preferably, select a person living in the same location as the property. To avoid paying more stamp duty, opt for near relatives (parents, siblings, spouse, children, grandchildren, or spouse's parents and siblings) when granting a Power of Attorney specifically for property sale. For all other purposes, you have the flexibility to choose anyone as your PoA holder.

Document Attestation Procedure:

1. Draft the PoA as needed.
2. Attach a photo, sign it, put thumb impression on the finalized PoA.
3. Contact the Indian Consulate and get it attested.
4. Send the PoA to the PoA holder in Maharashtra.
5. Ask PoA holder to attach a required Non Judicial Stamp Paper and accept the PoA in front of Notary & get it notarized in Maharashtra.

attorney # NRIPowerofAttorneyAttestation

ProCounsel - Property Legal Consultants

07/10/2023

28/08/2023

12/08/2023

10/08/2023

09/08/2023

07/08/2023

06/08/2023

05/08/2023

01/08/2023

27/07/2023

26/07/2023

24/07/2023

Address

Opening Hours

Website

Alerts

Shortcuts

Share

Category

Monday	9am - 9pm
Tuesday	9am - 9pm
Wednesday	9am - 9pm
Thursday	9am - 9pm
Friday	9am - 9pm
Saturday	9am - 9pm
Sunday	9am - 9pm