Lease residential apartment - 28l

A lease must be registered under the law.  One can hold the property for 30 days after the expiry of the lease without registering the document.  It is left to you to decide as renewal every year is a risky affair as a landlord can enhance the rent after expiry.  Please get the draft through the advocate including the clause that the lease is renewable every year at the option of the lessee and without rent enhancement for another 3 years.

Hello,

It is your choice, you can execute 1 year agreement instead of 3 years. Landlord demands increment every year from the continuing tenant. 

There is no increment we both agreed.

In the absence of registration, such an agreemnt would not be enforceable.

The lease agreement has to be suitably stamped and registered. The period and terms can be mutually agreed upon.