Registration of middlemen or estate agents.
The Karnataka Rent Act 1999 and Rules 2001 require registration of middlemen, brokers or agents. The Middleman or broker shall register his name with the Rent Controller of his area by filing an application in form 8 and paying a registration fee of Rs 200/- only. The Controller after scrutiny of the application issues a certificate of registration in Form No.9, which is valid for a period of 5 years, and the agent shall renew his registration after the said period. The renewal fee is Rs 200/-. The said persons shall submit to the Rent Controller of the area a statement in the prescribed form showing their names, place of business and area of activity.
The middlemen or agent or broker shall within 10 days from the last day of each quarter of every calendar year, file return giving details of every transaction handled by him during the quarter, and the brokerage or commission received by him in each case.
Every middleman or Estate Agent who fails to register his name with the Rent Controller on conviction shall be punishable with fine up to two thousand rupees or with simple imprisonment for a term up to one month or both and also shall be liable to fine of rupees two hundred for each day of continuing default till he complies with law. Further every agent who fails to submit a statement as mentioned above shall on conviction be punishable with fine up to one thousand rupees or with simple imprisonment for a term up to one month.