LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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.



Learning

 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

1 Like

florida vacation   23 March 2016

Financial literacy is defined by much more than mere numeracy, and includes the understanding of complex banking-systems, how to file taxes, understanding tax exemptions, and so on, larry weltman It has also been proven that financial illiteracy has a long-term effect on quality of life.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register