Lease out term for commercial property

Querist : Anonymous (Querist) 09 November 2015 This query is : Resolved
Dear Experts,

I own a bricks manufacturing field in west bengal and had leased out that property to one of my close friend for last 11 years (lease ending 30th April 2016). Now he wants to continue the lease and asked me to extend the lease for next 11 years ( can be a renewal or new deed as he is OK with both the options).

Now question I have is:
1. Is it safe to extend the lease to him for next 11 years and if yes, what would be my terms and condition.
2. If long term lease is not advisable as he already completed 11 years, can I give 60 days gap in between the current lease and signing the new lease? Is that's a good deal?

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Querist : Anonymous (Querist) 09 November 2015
Can someone help me

R.K Nanda (Expert) 09 November 2015
no reply 2aq.

Rajendra K Goyal (Expert) 09 November 2015
No reply to query from anonymous.

ADV-JEEVAN PATIL, MUMBAI (Expert) 11 November 2015
1) lease can either be continued or execute fresh after 30 days gap
2) U can even lease upto 99 years

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