11 month+ lease has stamp duty charges, agreement registration etc needs to be done, which the owner doesn't want to bear. It also gives them the flexibility to increase rent as per their wish or to get a new tenant at a higher rent.
Because the moment a lease is for one year, it needs to be registered which creates additional hassles for both the tenant and the landlord
I have took a 1Bhk house for Rs.13500/month in 2021 Dec. In the agreement it was mentioned that rent will be increased by 5% every year. But after 11 months he has increased it by almost 50% and made it to 19k. Again after 11 months now ...
You have no rights here, leave and license have a term of 11 months, and then it MAY be renewed at 5% increment of re...
We are planning to rent an apartment but we want to rent it for minimum 3 years to avoid hassle. So planning to have a minimum 3 years agreement. So two queries around it:
I'm not able to wrap my head around the pace at which rents increase in Bangalore.
We moved here about a year ago and rented a 2 BHK semi-furnished apartment with basic amenities for 28k plus maintenance charges. The rent agreement sai...
Bangalore is only for those who earn more than 50 lakh annually. Otherwise one has to live a very sad life.
