Lease deed
Mahaveer Chhalani
(Querist) 02 April 2013
This query is : Resolved
Hello,
I would like to know way regarding below mentioned condition.
In a agreement of lease lessee have a right to extent the time period of lease as per lessee's requirement at the same rate and same terms. There is no clause of increment of rent/lease money.
Now in the inflation market increment of lease money is required.
The Agreement made can be said one sided.
In this particular situation please advice me what ways available to lessor?
Please reply needful.
Devajyoti Barman
(Expert) 02 April 2013
Terminate the existing lease deed and execute a fresh one.
Raj Kumar Makkad
(Expert) 02 April 2013
You shall have to find out the clause by use of which the lease agreement may be cancelled and exhaust that clause as desired. It shall be better to get the vacation of that property by canceling it for the personal use.
prabhakar singh
(Expert) 03 April 2013
Unless there is an opportunity to study the lease agreed it is difficult for me to say anything about it.
Mahaveer Chhalani
(Querist) 03 April 2013
Yes Mr Prabhakar i accept, but it is not possible.
ajay sethi
(Expert) 03 April 2013
contact a local lawyer . on peruisnt the terms and condions of lease he will advise you . get notice for termination of lease drafted by the lawyer .
H.M.Patnaik
(Expert) 04 April 2013
Yes, as indicated by Experts above, one need to examine the entire lease deed to ascertain if at all there lies any scope for enhancement of lease rent during the currency of the deed in question.
In case it is observed that no such scope lies in the said lease deed , the only option open to the Lessor is to seek termination of the deed following the stipulation if any noted in the said document .
An experienced local Advocate will be the best Expert at hand to lend you hand holding support to go ahead in the matter.
Raj Kumar Makkad
(Expert) 04 April 2013
No more to add after reading the advice of Patnaik.
Raj Kumar Makkad
(Expert) 04 April 2013
Kon deri se aa gye Singh sahab? durust to jaldi aane wale bhi nhi hote...
prabhakar singh
(Expert) 04 April 2013
Mai aur kaun makkad ji?
aap tau maojud hi they yehan!
prabhakar singh
(Expert) 04 April 2013
Barman ji bhi sahi phrama rahe hain.good night then.
