look news india
Why is the rent agreement for 11 months: Lakhs of people live in another city away from their home for studies or work. Such people mostly live on rent, because not everyone can afford to build or buy their house again and again. You too must have lived there on rent at some time or may still be living there.
A rental agreement is required whenever you rent a house. It contains the name and address of the tenant and the landlord, the rent amount, the duration of the rent, and several other terms.
A rental agreement is a type of lease agreement. Most rental agreements are for 11 months. You may have signed an 11-month rental agreement but have you ever wondered why the agreement is only for 11 months?
Actually, one of the reasons behind making a tenancy agreement for 11 months is the Registration Act, 1908. As per the terms of Section 17 of the Registration Act, 1908, it is not mandatory to register the lease agreement if the period is less than one year.
This means that a rental agreement of less than 12 months can be made without registration. This option saves landlords and tenants from the process of visiting the sub-registrar office to register the documents and pay the registration fee.
Apart from rent, it is popular to sign a tenancy agreement for 11 months to avoid costs and hassles in other legal processes like registration.
