We propose that the duration of the first lease of the new tenant be 12 months. This allows both parties to decide whether the agreement works or not. It allows the landlord to see how the tenant is fulfilling their property and financial obligations. If, at the end of this agreement, both or one of the parties are dissatisfied, appropriate steps can be taken to end the deadline. A tenant looking for a long-term lease may be discouraged by the flexibility of a multi-month lease, which may subject them to frequent rent increases or indeterminate tenancy periods. For homeowners, the cost of more frequent rents, including advertising, screening and cleaning costs, should also be kept in mind. If your rent is located in an area with lower occupancy rates, you may also have difficulty renting your home for long periods of time. When the tenant, who works at a Delhi University (DU), was surprised at the odd validity of the lease, Aggarwal shrugged and said, “That`s the norm.” When it comes to renting your home, one of the most important factors is to consider the length of the lease. The most common lease is fixed-term because of the security it can offer.

Fixed conditions can be of any length agreed by the landlord and tenant. It is common to have lengths of 6 or 12 months. The current market and the high cost of moving mean that more people tend to have firm 12-month leases. A 12-month lease provides a level of security for the tenant and the landowner. The pros and cons of each specific contract fit into certain different categories and will depend on the relationship between the landlord and the tenant you are looking for. A rental contract can be a good option for landlords who focus on flexibility, especially in areas where rapid tenant rotation is possible, such as university towns.B. If the market allows, you can increase the rent and include it in the rental agreement with the 6-month mark. The agreement can also be renegotiated before any limited period expires. If you`re not sure about the process, don`t worry.

We will contact you approximately 3.5 months before the expiry of the lease with options at your disposal and will provide you with rental advice. In the second case, the rent for the first year is 10,000 aff. per month. The rent for the second year is paid to the tune of 11,000 aff. per month. Finally, the rent for the third and final year is paid to the tune of 12,100 aff. The average of the three years` rent will be the average year`s rent. The average annual rent is therefore 12,100 X 12 Rs. Stamp duty is therefore calculated with a rate of 2% to 1.45,200 Rs, which corresponds to 2,904 Rs plus 100 others for security, bringing the total to 3,004 Rs. Housing.com has launched a fully digital and contactless service to create rental contracts.