• The payment of the stamp duty on leave and license agreements is all covered under Article 36A of the Bombay Stamp Act,1958. It is mandate that there is a stamp on Leave and license agreements with a flat stamp duty rate of 0.25 per cent of the total rent for the period.
  • Furthermore, the rate of the stamp duty for leave and license agreement is the same for residential and commercial premises.
  • The execution of leave and license agreement can be a term not exceeding 60 months with or without a renewal clause.

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