Power of Attorney is one of the most misunderstood documents in Pune’s property market. The questions below are the most frequently asked by residents, NRIs, buyers, and sellers. General Questions About Power of Attorney What is a Power of Attorney (POA)? A Power of Attorney is a legal document by which one person (the principal)…
There is no consideration involved in a Gift Deed, so the percentage-based charges mentioned below apply to the Government Value (Ready Reckoner Value) of the property. For easy understanding, applicable stamp duty and registration fees are categorized based on property type, property location, and the relationship between the donor and donee: 1. Gift Deed in…
Everything you need to know about drafting, registering, and safeguarding your Will under Maharashtra law — with a clear step-by-step process for Pune residents. What is a Will? A Will (also called a Testament) is a legal document in which a person — called the testator — declares how their assets and property should be distributed after…
Buying a residential flat, commercial space, or plot in Pune valued at ₹50 Lakhs or more triggers mandatory tax compliance under the Income Tax Act. Property buyers are legally required to deduct 1% Tax Deducted at Source (TDS) before finalizing payments to the seller. Crucial 2026 Procedural Reform: The Launch of Form 141 The Income…
When you register an online Leave and License agreement in Pune, the e-filling IGR portal requires both parties to accept a standard, non-editable government template. Parties can insert details like name, property details, monthly compensation, deposit details, lock-in period, etc. but can not change the format of the clauses. While this template simplifies the e-filing…
Navigating the rental market in Pune—whether you are licensing a high-rise apartment in Hinjewadi, a commercial space in Kharadi, or a family home in Kothrud—requires a solid understanding of local property laws. Under the Maharashtra Rent Control Act, 1999, traditional tenancies are replaced by a regulatory framework known as the Leave and License Agreement. To…
A Power of Attorney is a legal contract in Maharashtra that allows a Principal to nominate an Agent to manage affairs such as real estate transactions, legal disputes, and financial investments. These documents are categorised into specific, general, or time-limited types depending on the scope of authority granted. To minimise Stamp Duty costs when selling property, the state encourages appointing close relatives, as appointing non-relatives incurs significantly higher fees. While some…
When IT professionals review a contract—whether it is a software vendor agreement or an employment offer—they always look for the “Exit Clause.” In the standard Leave and License Agreement generated by the Maharashtra Government portal, the Exit Clause (Clause 9) is highly unusual because it is asymmetric. Without a Lock-in period, the rules for leaving…
If you have ever rented a flat in Pune, you know the drill. The broker hands you a draft, and the duration is almost always set to 11 months. But have you ever asked “Why?” Why 11? Why not 12? Why not 5 years? Most people think “11 months” is a magic number that keeps…
If you live in Pune—whether you’re an IT professional in Hinjawadi or a family in Kothrud—you’ve likely heard everyone use the term “Rent Agreement.” But have you ever actually read the document you sign? If you look closely at the top of the paper, it never says “Rent Agreement.” It says “Leave and License Agreement”….