Rent Agreement Generator for Mumbai — Maharashtra Compliant

In Mumbai (Maharashtra), stamp duty on leave and license agreements is 0.25% of the total license fee (rent) for the entire agreement period, subject to a minimum of ₹500. Additionally, if the refundable deposit exceeds the license fee, stamp duty at 0.25% is also payable on the deposit amount. Registration fee is ₹1,000 for properties within Mumbai municipal limits. E-stamping through SHCIL (Stock Holding Corporation of India Limited) has largely replaced physical stamp paper, making the process more convenient and transparent.

Mumbai predominantly uses Leave and License agreements because they offer better protection for landlords compared to traditional rent agreements. Under the Maharashtra Rent Control Act 1999, tenants in rent agreements get strong tenancy rights that make eviction difficult. A Leave and License agreement, governed by the Indian Easements Act 1882, creates a licensee relationship rather than a tenancy, meaning the occupant has permission to use the property but does not gain tenancy rights. This makes it easier for the landlord to recover possession after the agreement expires.

Security deposits in Mumbai typically range from 3 to 6 months of monthly rent for residential properties. In premium areas like South Mumbai, Bandra, and Powai, landlords may ask for 6-12 months deposit. For commercial properties, deposits can be higher. The deposit amount should be clearly stated in the Leave and License agreement along with conditions for its refund. Unlike Bangalore where 10-month deposits are common, Mumbai's deposit norms are relatively moderate but still substantial given the city's high rental costs.