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ashok kumar (Social Worker)     17 April 2014

Lock in period in a registered lease deed

What is the effect or implication of a lease deed not specifically cancelled in the Registrar’s Office

To be more specific let me explain with an  example

A lease deed contains lock in period of 2 years which stipulates that the rent would be payable for the lock in period even if the premises are vacated in the lock in period

The tenant vacates the premises in the lock in period. On demanding the rent for the lock in period the tenant says that the lease gets terminated automatically on vacation of the premises

 

Is the stand of the tenant legally correct?

Does the lease stands applicable unless cancelled in the Registrar’s office ?

Even if the lease deed expires, is the tenant not under obligation to fulfill the conditions of the lease?



Learning

 1 Replies

S R SHETTY (MANAGER - LEGAL)     23 October 2014

Legally lease rent to be paid for lock-in period. It is upto the owner to waive off. Lease can be terminated by letter, no need to go to Registrar. Lease expires by efflux of time if not terminated earlier. On termination or expiry of lease, any dues is payable, then the same is recovered from security deposit.


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