Under the provisions of the 2019 Standard Rent Bill, landlords cannot apply a pre-fixed rent increase for the entire period for which a tenancy agreement was signed. For example, when the lease expires after 11 months, the lessor cannot increase the monthly rent during that period. It is only at the expiry of this period and the date of registration of the new lease that the lessor is legally entitled to proceed with an increase in the rate that does not generally exceed 10% of the existing amount. In addition, the landlord must give the tenant three months` notice before increasing the rent under the bill. 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. A tenancy agreement is a legal document that defines the conditions previously discussed, in which the tenancy is leased and which must be respected between the landlord and the tenant.

In India, the 11-month rental period is preferred by most homeowners, while they rent real estate. A rental agreement is a legal document that defines the conditions for the rental of leased real estate and must be respected between the owner of the land and the tenant. Although the relationship between the homeowner and the tenant is cordial most of the time, it is good to have a written lease if the relationship becomes angry or tainted with complaints and misunderstandings. From a horde of MNCs to ancient temples, Chennai has it all. It is therefore not surprising that a large number of educated people relocate to cities such as Chennai and Coimbatore mainly for jobs, which has increased the demand for rental properties. Which brings us to the point of this article, how do you make a lease in the cities of Tamil Nadu? Number of occupants: The agreement must indicate what happens if your family members come to see you in the future. One of the most common features of entering into a real estate rental transaction in India is the prevalence of 11-month leases or licensing agreements. An 11-month period is preferred by most lenders, while they are renting real estate, since there are two types of agreements relating to the rental of real estate in India, the lease and the withdrawal and licensing contract. See also: Compromise clause in leases and how it can help landlords and tenants maintain: the contract must clearly state who must pay the monthly maintenance fees.