How To Register A Lease In Pakistan
In Pakistan, any person who offers his/her property to a tenant for short-term stay/rental must enter into a tenancy agreement (also known as a “lease”). The Best Civil Lawyers in Lahore relating to rent are under provincial authority. This means that the provincial government makes the laws that apply to rent. In Punjab.
the Government has enacted the Punjab Rent Act 2009, which covers and regulates all aspects of rent.
Does the tenancy agreement have to be in writing and registered?
Section 5 of the Punjab Tenancy Act, 2009 provides that the tenancy agreement/lease must in writing and registered with the Rent Registry under the Registration Act, 1908, and stamp duty must be paid under the Stamp Duty Act, 1899.
Accordingly, the Registrar will enter the details of the tenancy agreement in the Register, affix his official seal to the tenancy agreement, keep a copy of the tenancy agreement and return the original tenancy agreement to the landlord when it registered.
The relationship between the landlord and the tenant shall evidenced by a tenancy agreement registered with the registrar or a certified copy of the tenancy agreement. Any contract which may concluded between the landlord and the tenant in respect of the premises must lodged with the Registrar.
What must stated in the tenancy agreement?
The tenancy agreement must contain, among other things, all the particulars necessary for the registration,.
both for the landlord and the tenant. The following information must included in the tenancy agreement.
Description of the premises
the duration of the lease;
the rent, the amount of any increase, the date, and the method of payment.
Bank account details of the landlord if the rent is paying through a bank;
the purpose for which the premises are let, i.e. residential or commercial;
the amount of the rent deposit, security deposit, etc., if applicable.
Who is the Rent Controller?
The Rent Controller is the secondary registrar of the area in which the property is located. The Secondary Registrar registers the lease in accordance with Section 17(d) of the Registration Act 1908 and Section 107 of the Transfer of Property Act 1882.
What happens if the lease or tenancy agreement not registered?
Any dispute relating to a tenancy agreement is dealt with by the Rent Tribunal.
which is a special tribunal for tenancy disputes. Section 9 of the Punjab Rent Act, 2009 clearly states that no suit relating to a tenancy agreement entertained if the tenancy agreement or lease not registered with the Rent Controller. If a tenant files an application.
it will not considered unless the tenant has paid 5% of the annual rent to the State. If the landlord applies.
he will required to pay 10% of the annual rent to the Treasury, without which the application will rejected.
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including but not limited to drafting and registering lease agreements. You don’t have to worry about the hectic registration process and you don’t have to appear in person before a rental inspector. Our team of real estate lawyers in Lahore will sign and execute all the documents right at your doorstep and register your tenancy agreement with the rent control office as soon as possible.