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Vishwajeet   10 March 2016

Implications of lease more than 11 months

Genrally prperty lease agreement is done for 11 months. What are the benefits of keeping it for 11 months ? What the implecations, if it is done more than 11 months ? Please through some light on this query.



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 4 Replies

saravanan s (legal advisor)     10 March 2016

If it's made for a period beyond eleven months then it needs to be compulsorily registered.
1 Like

Vishwajeet   11 March 2016

Thank you Sir! Is there any clause which is applicable in 11 months lease agreement and not for more than 11 month lease, such as, 1 month notice period to terminate the lease agreement, etc. ?

adv.bharat @ PUNE (Lawyer)     21 March 2016

1) If agreement is done less than 11 month then it will give u rights given by law. It will save ur one month Stamp N registration fee also.

2) If agreement is done for more than 11 month then as per provision of Law it must be registeded by paying necessary stamp duty and registration fee. It will provide u same right given by law.

3) There is no such provision which is applicable to period of Agreement. But while draft of agreement its up to u to decide which are the necessary Terms and conditions of the agreement.

Thanks

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florida vacation   23 March 2016

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