I had given my shop(200 sq.ft aprox.) at Rupnarayanpur (near Asansol) on rent for last 6 years with a agreement of 3 years each. So two times agreement already done. Last agreement expired on July 2017. I dont want to give it for another 3 years, so mutually it was decided that the new agreement will be for 2 years and there will be NO renewal after this as I will take possession for my own use.
The agreement was prepared and send it to my tenant for signing, but he lost it and ask to prepare a fresh one and he will bear the cost for that. Since he already lapsed 6 months in signing back the agreement, I said the new agreement will for 2 years (-) 6 months i.e. for 18 months.
Now my tenant saying He is going to purchase a shop which might be ready in next 2/3 years then he will shift. So he request to keep a renewal option in the agreement and make it for 3 years.
My question, am I bound to keep renewal option in the agreement as per law.
I really don't want to for any court cases as I am working in Kolkata which is 260 kms from my shop.
Looking for your kind suggestion and advice.
Best Regards,
Santosh Kr. Ghosh
