Rent agreement
This query is : Resolved
Atit Patel
(Querist)
24 May 2014
why is rental agreement is made for 11 months..
what is the reason of making it for 11 months bt while calculation of House property it is taken for 12 months
CA SUDIPTA SINHA
(Expert)
24 May 2014
u/s 17(1)(d) of REGISTRATION ACT, 1908 registration is compulsory in case of leases of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent.
Therefore, to avoid the registration requirements the rent agreements are made for 11 months.
Therefore, to avoid the registration requirements the rent agreements are made for 11 months.
Rupesh Jain
(Expert)
24 May 2014
yes answer by sudita is correct .
every one to save the registration fee to make the agreement for eleven months.
every one to save the registration fee to make the agreement for eleven months.
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