One of the best and best ways to make money is to rent a property. If the property is empty, the owner can rent it to someone. But the most important thing in renting a property is the lease. In this article, we will examine why the lease is only for 11 months and not for 12 months or more. First of all, let us understand what the lease is? The lease is also called a lease agreement. It is a document or a written contract between the owner of a property (owner) and the tenant who rents it. It defines the terms and conditions on the basis of which the property is leased, such as address, nature and size, i.e. description of the property, monthly rental, deposit, purpose of the use of the property, whether commercial or residential activities and duration. In the event of a dispute over the property between the landlord and the tenant, the tenancy agreement acts as evidence. Terms and conditions can be negotiated, but after signing and also, it is mandatory for the landlord and tenant. Even the terms of the termination of the agreement are mentioned. Why is the lease only for 11 months? However, while a lessor may immediately file an eviction action against a tenant after the expiry of the eviction declaration under Section 106 of the Transfer of Ownership Act, he cannot initiate such a procedure if the rent control laws apply, unless he can prove the existence of one of the reasons for eviction under the laws in force in that state.

Thanks for the explanation, I have doubts – rent an apartment BHK 1 – the rate of 8,000/month, from 01-Jun-2015 to 30-Apr-2016 for a period of 11 months, and extended for an additional 11 months from 01-May-2016 to 31-March-2017 – No change in rent, now the contract is again extended for 11 months from 01-April-2017 to 28-Feb-2017 – the rate of 8,300/month. Now the question comes to mind, what with 12 months, the owner approach will be right? The reason is that I increased the rent two (2) months before the actual start date, namely 01-Jun-2016, in this case of gain two (2) months profit goes to the owner, if the approach of the owner is correct? or will he negotiate with the owner for 12 months? In accordance with Section 17 of the 1908 Registration Act, leases of more than one year must be registered with local authorities. Both parties pay stamp duty and registration fees. As a general rule, the tenant must pay the additional rental fee. In Haryana, stamp duty on leases varies between 1.5 and 3% of the average annual rent, depending on the rental period indicated in the document. Registration fees vary between Rs 1,500 and Rs 16,000 depending on the amount of rent. Under Delhi`s Rent Control Act, for example, landlords can increase their rent by 10 percent after three years – the common practice is to increase rent by 10% each year.