On the other hand, leases or licenses are concluded for a period of 11 months, with the possibility of renewing the contract after the expiry of the contract. As an 11-month lease is only a license for the tenant to occupy the premises for a short term. As a result, most states are not subject to rent control laws. In addition, 11-month leases allow the landlord to take more action in the event of the tenant`s evacuation of the property. As a result, most lenders prefer to enter into an 11-month lease, with the option of extending the term of the contract at the end of the contract. LEASE AGREEMENT This lease agreement is registered on this day – from __o____________ _____Sri____________________ ______________________________________________________Represented_W/_____im age of about – years, occupation: -Stay under general/special power of attorney dated________ registered as Number_____ Year_____ book document – I/IV of RO/SRO__________. (Here is the landlord, which designates and includes all their heirs, legal, representatives, nominees and beneficiaries of the transfer, etc.). Sri _____Sri____________________ ______________________________________________________Being o_____________D/o, W/o. ____At___________________. Below the tenant, which means term and must include all his heirs, legal representatives, appointees and agents, etc. while the landowner is the absolute owner of the house which is the number – of the investigation – located on land No.______ in ________________Village, _______________Mandal, __________District purchased through a sale/gift/Gift Settlement/Partition/Will deed, registered as a No.______________ document of S.R.O. – As the tenant approached the landlord and offered to lease the owner`s intended land and the owner agreed to lease the planned land on terms such as here.
NOW THIS ACCORD WITNESSETH AS UNDER: The lease agreement must be for a period of 1 month/year. That the tenant of a monthly rent of Rs. – The payment of the monthly rent is in case of payment duly stamped the payment of the rent. A) The Tenant paid Rs__________ months` rent to the landlord in the form of a deposit, which is adjustable before the termination of the tenancy agreement.b) The tenant paid the monthly rent as a deposit to the landlord, repayable at the time of termination of the tenancy agreement. (a, or b) That the tenant must pay, in addition to the aforementioned rent, water charges, maintenance costs and all other royalties that are regularly collected by the public authorities. Property tax to the local organization is paid only by the lessor (i.e. 4 or 5) Property tax to the local organization is paid by the landlord and the current property tax is Rs_________ per year. That the tenant receive receipts for the property tax paid and submit it to the landlord. The tenant does not sublet the premises or cannot transfer their rental rights to a person.