Difference between lease deed and rent agreement

Agreement deeds 6195 views 2 replies

Dear All,

If anybody knows then Please tell me the difference between a Lease Agreement & Rent Agreement. 

Thanks in Advance

Ashwin

Replies (2)

Rental agreement is only for a period of 11months & gets renewed after the expiry of 11 months every year.  The tenant does not the right of owning the property after the expiry of rent agreement.

Lease agreement is for a long period of time, say 30 years, 40 years etc.  & is not required to be renewed each year.  At the expiry of the lease the tenant has the right to get the property transferred in it's name or can continue the lease by renewing it.

thanks girdhar for your reply, i want to ask one more thing why rent agreement for 11 Months and what are the consequences if i do it for more than a year.

Regards


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