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| Rental Agreements are only for 11 months |
First and for most why we need to have a rental
agreement, “A rental agreement is a legal document that binds the owner of
the property and tenant and safeguards the interest of both the
parties. The landlord must either be the owner of the property or a person
having attorney from the owner,” It is important as it protects the rights of a
landlord as well as the tenant. It prevents the unnecessary hikes and eviction
without prior notice of minimum one month.” So rent agreement is compulsory for
both tenant and land lord. Even tenant can use the rental agreement for tax
purpose as well (till some extend). Rental agreements are very common in cities
like Bangalore.
Why it’s meant for 11 months when it comes to House Rent Agreement?
If any agreement has to be made more than 11 months, those
documents have to be register under the respective register office, and
registration charge has to be paid. The secrete behind the 11 month rent agreement
is, no one wants to bear the registration fee.
Here is the problem, when rent agreement was made for 11
months and it was not registered. The document may not be a valid proof /support
if tenant or land lord wants to file a case in court. So it is better to
register the rent agreement under mutual agreement.
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