Tenancy Common Agreement Without Stamp Duty
Description
How to fill out California Tenancy In Common Agreement - Single Dwelling - Married Couple?
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FAQ
Agreements made on white paper are valid. In India even oral agreements are valid and enforceable, so an agreement made on white paper can surely be valid if it fulfills all other conditions under the law and as per the law.
Stamp duty is a tax payable to the Inland Revenue Authority of Singapore (IRAS) by the tenant upon signing the Tenancy Agreement. It should be paid when the tenant rents the whole house or part of a house (eg. a room) or when the landlord renews or extends the lease.
As per Section 17 in the Registration Act 1908, it is quintessential to register for leases and rent of immovable property from year-to-year or for any term beyond one year. This implies that if your rental agreement is of more than one year's tenure, you would have to register it.
Within 14 days of signing the tenancy agreement, stamp duty on the rental must be paid to the Inland Revenue Authority of Singapore (IRAS). Generally, tenants are responsible for making the stamp duty payment, unless otherwise agreed by the landlord, and can check the amount payable via IRAS' website.
So, agreements do not require mandatory stamping for them to constitute as legal and valid. Even if they are not stamped they will still be enforceable as against the parties who have signed the same.
