11 Months Agreement

Its terms and conditions can be negotiated, but once signed, it binds both the lessor and the tenant. It also lays down the conditions under which the contract may be terminated. Leases entered into under the provisions of the Indian Easements Act 1882 as vacation and licensing agreements for a period of 11 months are not valid under the Rent Control Acts. Rent control laws, which differ from state to state, have all leases concluded for a period of at least one year within their area of jurisdiction. These archaic laws, widely applied around the world after World War II, set out strict rules that made renting more difficult, especially for the landlord. Landlords who rent their premises under these laws will find it extremely difficult to revise rents and evict tenants….

Posted by | View Post | View Group

You can't leave comments on this post but you can leave a trackback here: