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Turn On Stamp Lease Feature

The Turn On Stamp Lease feature streamlines your leasing process, making it smoother and more efficient. This tool helps landlords and property managers easily manage lease agreements, ensuring clarity and compliance.

Key Features

Easy activation of lease agreements
Digital signature option for tenants
Automated notifications for lease renewals
Secure document storage in the cloud
User-friendly interface for quick navigation

Potential Use Cases and Benefits

Perfect for property managers handling multiple leases
Ideal for landlords seeking to simplify documentation
Great for businesses needing to track lease agreements with vendors
Useful for tenants wanting a hassle-free leasing experience

This feature addresses common challenges in the leasing process, such as delays in paperwork and difficulties in tracking agreements. By using the Turn On Stamp Lease feature, you can ensure timely lease executions, enhance record management, and focus more on fostering positive tenant relationships.

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Stamping of the Tenancy Document You can stamp a tenancy agreement via the Internet, by post or in person at the Stamp Office of the Inland Revenue Department. Both the landlord and tenant are liable to pay stamp duty.
A Tenancy Agreement should be duly stamped and stamp duty paid before the tenant and landlord sign it. However, that almost never happens in practice. So, a Tenancy Agreement can still be stamped without any penalty if: the stamp duty is paid within 14 days when the Tenancy Agreement is signed in Singapore.
The agreement should be printed on a Stamp paper of minimum value of Rs. 100 or 200/-. Stamp duty is 1% of the total rent plus deposit paid annually or Rs. 500/- whichever is lower.
Action can be taken by the landlord or the authorities against a tenant who doesn't pay the stamp duty on time or ignore paying it. If the tenant is late in paying the stamp duty within 3 months, he'll have to pay a $10 penalty or an amount equivalent to the stamp duty payable (whichever is greater).
A: The Stamp Duty on rental units is usually paid for by the tenant. A: The amount of Stamp Duty is calculated based on the total monthly rental amount and the duration of the rental. And the monthly rates are determined by either the market rental rate or the declared rental, whichever is higher.
Normally, there are two copies of tenancy agreement (one copy for landlord and another one for tenant) and both of the copies have to be stamped in order to make it legal. You can get it done at Malaysia Inland Revenue Authority, also known as Lambada Hail Daley Never Malaysia, LH DN Malaysia.
Basically, the Stamp Duty for Tenancy Agreements spanning one-year amounts to RM1 for every RM250 of the annual rent in excess of RM2,400. For two-year contracts, the stamp duty rate is RM2 for every RM250 of the annual rent in excess of RM2,400.
SIGNING OF TENANCY AGREEMENT admissible in court) until it is stamped by Lambada Hail Daley Never Malaysia (LH DN) or Inland Revenue Board of Malaysia. You can bring the agreement to your nearest LH DN office to get it stamped. There will be a charge for this, known as the stamp duty.

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