Agreements
Krishnachandra
(Querist) 03 December 2012
This query is : Resolved
Dear Experts,
I want to let out my apartment for a continuous period of 5 years to my friend and thus would like to execute an agreement with him. The apartment is in Kolkata. Now, according to sec-17 of Registration Act, 1908, Lease Agreement greater than 11 months, shall have to be registered.
Now, what sort of agreement, should I choose (e.g. Leave & License or Tenancy agreement) , so that I don’t have to register the property with the Registrar of Assurance, Kolkata. If not, what should I do.
Regards
K. C. Palai
ajay sethi
(Expert) 03 December 2012
go in for leave and license agreement for33 months with renewal clause . have the agreement regd . it protects your interests
Krishnachandra
(Querist) 03 December 2012
Thank you, but is it mandatory for a leave and license agreement of 33 months with a renewable clause ( say about of 2 terms of 33 months each) to get register?
ajay sethi
(Expert) 03 December 2012
yes it is mandatory to regsiter it
Advocate Bhartesh goyal
(Expert) 03 December 2012
Leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent is required to compulsory registration.
Raj Kumar Makkad
(Expert) 03 December 2012
I have nothing to add in the already provided replies.
R.K Nanda
(Expert) 03 December 2012
no more to add.
