dear All, Anybody can tell what is the exact reason to make 11month House Lease agreement...
From India, Hyderabad
1From India, Hyderabad
In India lease/rental agreements for immovable properties are goverened under certain Rent Control legislations,which are state controlled hence would vary from state to state .
Lease agreements which are for 11 months or less are generally not required to be registered ,Thus people prefer it and save the hassle of registeration & cost involved in the same .
In many states it is mandatory to register all lease/rental agreements irrespective of the duration.Thus it is advisable to check the local norms for the same .
Nevertheless irrespective of the the mandatory requirement it is advisable to get the lease agreement registered as it woudl be helpful in avoiding disputes in future.
From India, Mumbai
Lease agreements which are for 11 months or less are generally not required to be registered ,Thus people prefer it and save the hassle of registeration & cost involved in the same .
In many states it is mandatory to register all lease/rental agreements irrespective of the duration.Thus it is advisable to check the local norms for the same .
Nevertheless irrespective of the the mandatory requirement it is advisable to get the lease agreement registered as it woudl be helpful in avoiding disputes in future.
From India, Mumbai
Hi,
we had a land ( House)
on lease for 30 years, 40 days ago the lease got expired. the lease was on my farther's name who died few years ago. he had 2 wifes so now we want to renew the lease deed. on whos name the new lease will be granted ( 1st wife or 2nd wife) and what is the procedure. *( the old lease is with BANK as we had acquired some loan against the lease, the payment is still due) kindly guide.
Thanks and Regards.
Supriya Shahu
From India, Nagpur
we had a land ( House)
on lease for 30 years, 40 days ago the lease got expired. the lease was on my farther's name who died few years ago. he had 2 wifes so now we want to renew the lease deed. on whos name the new lease will be granted ( 1st wife or 2nd wife) and what is the procedure. *( the old lease is with BANK as we had acquired some loan against the lease, the payment is still due) kindly guide.
Thanks and Regards.
Supriya Shahu
From India, Nagpur
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VEHICLE LEASE AGREEMENT.doc