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T.N.REDDY (Propreitor)     15 April 2022

Rental Agreement

Sir. Rental Agreement can not be made beyond 11 months. does it mean that for every 11 months, we have to make the new Rental Agreement? or any other solution sir. But I do not want to go for lease deed.


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 3 Replies

Divya Vijayan   15 April 2022

Usually rental agreements are made for 11 months although there is no rule that you cannot go beyond 11 months but if you do that it'll cost you more like stamp duty charges etc along with that you'd have to go for a must registration process. That's why most people prefer 11 month period rather than 12 months or more. 

Kindly refer to the below mentioned links:

https://www.nobroker.in/forum/can-we-extend-residential-rental-agreement-beyond-3yrs/https://www.google.com/amp/s/m.timesofindia.com/business/faqs/documents/why-rent-agreements-are-prepared-for-11-months/amp_articleshow/72451490.cms

https://www.google.com/amp/s/www.livemint.com/Money/Ddu4LdTyMEjiNOvm3Lf2oL/Why-rent-agreements-are-usually-of-11-months-only.html%3ffacet=amp

 

 

Kishor Mehta (CEO)     16 April 2022

The proper name is "Leave & License" Agreement.  The laws governing this agreement differ from state to state. 

P. Venu (Advocate)     16 April 2022

Yes, any suggestion depends upon the law in force in your State.


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