Under a lease, the lessor gives the lessee temporary access to a property in return for rent. Here, the rent could be paid in cash or as a portion of the property's profits. As a lessor, I can tell you under what circumstances can a landlord terminate a lease? Some include non-payment of rent, breach of lease terms, and so on. Read on to know more.
Common Reasons Landlord can Terminate Lease
According to the Transfer of Property Act, 1882, the owner of a property in India may end a lease under specific situations. Here are a few typical explanations.
Non-payment of Rent
The lessor (owner) can file a lawsuit for unpaid rent or evict the lessee (tenant) for nonpayment of rent if the lessee does not pay the rent. As the owner, you can end the lease if your renter doesn't pay the rent within the allotted time.
Breach of Lease Terms
This is another reasons a landlord can terminate a lease. As per my knowledge, tenant violations of the provisions specified in the lease agreement are the most frequent grounds for termination. This includes the following.
Using the property for illegal activities,
Renting out the property without the owner's permission,
Bringing pets into the house when they are not permitted,
Going over occupancy limits,
Causing damage to the property, or
Breaking any other terms and conditions outlined in the lease.
The owner may lawfully end the lease and request that the renter leave the property if the tenant violates the terms of the agreement in any way.
Personal Use
In addition, as the owner, you have the right to cancel the lease if the property is required for personal use, remodeling, or any other reasonable reason. In such instances, the owner must give the renter a notice period as per Indian rental rules before ending the lease.
It is crucial you understand the rights and duties specified in the lease agreement, whether you are the owner or a tenant. I hope you understand under what circumstances can a landlord terminate a lease.
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Under What Circumstances Can a Landlord Terminate a Lease?
Bagga
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6 days
2024-12-04T19:01:05+00:00 2024-12-04T22:00:56+00:00Comment
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