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kochumonichayan (self employed)     02 February 2012

Lease & rent

Sir,

Could you tell if me if the following lease agreement is valid.The agreement was made for a peiod of 15 years with the tenant and the rent amount was to be increased at 10% every year. The agreement has reached 4th year but no renewal of rent amount or agreement has been done. Lease agreement has not been registered.Can i sell the building before the term expires. If the new owners are willing to take the tenant on the existing terms, will i be free from all responsibilities?



Learning

 1 Replies

M.Sheik Mohammed Ali (advocate)     02 February 2012

that its depend upon the his wish, some of them take care of the tenant, some of them not like to tenant to stay. if you  not register your agreement than benalty will impose if you go file case against tenant.


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