Ever wondered why rent agreements in India are almost always for 11 months instead of 12? Here’s the secret ✔ A 12-month contract becomes a lease agreement → needs compulsory registration, stamp duty & higher legal costs. ✔ An 11-month contract falls under Leave & License → simpler, cheaper, and gives flexibility to renew or exit. ✔ Even without registration, it’s still legally valid under the Indian Contract Act and accepted by courts. In short: 12 months = More cost, more paperwork. 11 months
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Ever wondered why rent agreements in India are almost always for 11 months instead of 12? Here’s the secret ✔ A 12-month contract becomes a lease agreement → needs
Square Yards. . Ever wondered why rent agreements in India are almost always for 11 months instead of 12? Here’s the secret A 12-month contract becomes a lease agreement → needs compulsory registration, stamp duty & higher legal costs. An 11-month contract falls under Leave & License → simpler, cheaper, and gives flexibility to renew or ...
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