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Hi Buddy,
I have been residing in a rental house for 5 years in Bangalore. According to my knowledge and experience it is not mandatory to stay in a rented house for a period of 11 months due to the prescribed leave & license agreement
for 11 months
.
Generate a legally valid online rental agreement through NoBroker. Why rent agreement is of 11 months?You should be aware that a rental agreement must be registered under the Registration Act of 1908 if it is for a term of more than 12 months. As a result, leave and licence agreements
for 11 months
are normally made to save stamp duty and registration fees.
You must give your owner at least two months' notice. And unless you cause any damage to the house, the owner must refund your entire deposit.
While you're gone, the paint costs will be deducted from your deposit.
It all relies on the contract's terms and circumstances. In general, for agreements lasting more than 11 months, both parties have the right to dissolve the agreement by giving the other one month's notice.
However, there could be terms of a lock-in period that prevent either party from using a termination clause like the one mentioned above until the lock-in time has expired.
In any case, you are not obligated to stay/ reside/ utilise a rental property if the rent is paid and all other requirements of the agreement are met.
It is a norm followed by property owners since it is required for an owner to register a rental agreement of 12 months or greater in duration with local authorities in order for it to be executable under the Registration Act of India. To bypass these formalities, agreements are typically made for 11 months and then extended based on the parties' mutual agreement. I hope this clarifies your doubt about
why rent agreement is made for 11 months.
A notice period clause can be inserted to the contract to allow it to be terminated before the term ends. The notice period for either party to vacate or be ordered to vacate the premises is usually between 1-3 months. This clause must be explicitly written in the rental agreement and must be agreed upon by both parties.
While such a clause gives the tenant the opportunity to end the lease early, the landlord can also ask the tenants to evacuate early by giving them a notice period.
In any case, make sure you understand the rental agreement you sign at the start of the term to prevent legal inefficiencies in the event of a dispute. In reality, it is highly recommended that all parties sign a legally enforceable rental agreement that covers all eventualities and includes remedies.
I would like to conclude my answer here about the leave & license agreement
for 11 months
, and whether it mandates tenants to occupy the space for that period strictly or not. I hope this helps:)
Sit back and get your sale agreement done by NoBrokerRead More:
Can Property Rental Agreement Be Extended? How To Make Rental Agreement?Your Feedback Matters! How was this Answer?
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Authors Of The Question
Is it mandatory to stay for 11 months in a rented house if the rental agreement was made for 11 months?
bhaskar
6760 Views
2 Answers
4 Year
2020-08-29T11:54:05+00:00 2020-12-15T13:38:00+00:00Comment
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