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11th Month Rent Agreement: When a tenant goes to rent a house and during that time the landlord does 11 months agreement, meanwhile, there is a question in the minds of the people, why does it only happen for 11 months?
11th Month Rent Agreement : In cities like Delhi, Mumbai, Kolkata and Bangalore, people reach out of villages and towns to work. Also, after going there, they do not buy a house immediately, but find a house on rent and start their shelter in it. During this time, people from outside have a rent agreement before staying here. (Rent Agreement) Have to make it. At the same time, it is considered very important for the landlord in terms of security and many types of information are written in it. Meanwhile, we are going to tell about the fact in which an 11 -month agreement is created while there are 12 months in a year and now the question is why this happens?
Why is an 11 -month agreement formed?
In addition to the landlord, rules and regulations have been made in Indian law and one of these is also a rent agreement. Even though there are 12 months in the year, under Section 17 (D) of the Indian Registration Act, 1908, if a landlord creates a rent agreement for less than a year, then there is no need to register for it. Actually, the matter is such that if an agreement of more than 12 months is made, then the documents have to be deposited in the sub-registrar office and it has to be given registration charge and stamp duty for it. But when a landlord makes a rent agreement of 11 months or that less than 12 months, he gets rid of all these things and both (landlords and tenants) are away from the mess. Also, according to this section, the agreement of less than one year is not registered.
Landlord benefits
The 11 -month agreement remains mostly in favor of the landlord and the reason is that the owner gets a chance to increase the fare. At the same time, if there is a rent agreement for more than one year, then during that time the owner has to decide the rent and after that the same fare remains till the agreement is over. Apart from this, the owner also has to pay stamp duty and registration fees. At the same time, by making an agreement of 11 months, the landlord gets away from the rest of the trouble. Also, if the matter is expected to go to court too much and the matter is resolved at the level of the police station. In such a situation, the property of the landlord stays away from safe and he also avoids legal complications.
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