All the RENT agreements I have seen mention that the LEASE agreement is for 11 months. My question in this regard are:
1)Why is it that eventhough the title of the agreement says "RENT AGREEMENT" the wordings in the agreement are"LEASE AGREEMENT".
2)Why the lease agreement is always entered into for 11 months only?
3)Normally the agreement so entered are not renewed after 11 months eventhough the tenant continues to occupy the property. What is the effect of non renewal?
4)How does one determine the amount of stamp paper to be used for rent agreement?
Kindly answer questionwise.