Legal Question in Landlord & Tenant Law in India
Dear sir,
we are leasing the furniture, equipment and executing a supply agreement with the lessee. i would like to know whether the supply agreement for furniture and equipment is a registrable document
Asked on 10/16/15, 9:53 am
1 Answer from Attorneys
Vivek Mapara
Vivek N. Mapara
Sir
Agreement, unless they involve transaction of any immovable property exceeding valuation of Rs. 100, do not require any registration.
In India, Agreement can be oral agreements also. So answer to question is NO, you do not need your Supply Agreement with the lessee registered. However, if you want to register, then also there is no prohibition thereto.
Let me know should you have any questions.
Regards
Vivek N Mapara
vnmlaws.com
Answered on 10/17/15, 6:23 am
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