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Why is it common to lease an accommodation for 11 months?
23-May-2023 (In Landlord/Tenant Law)
Why is it common to lease an accommodation on rent for 11 months?
These laws set a maximum rental rate and outline the specific circumstances in which a tenant can be evicted, such as subletting without permission, failure of payment or poor maintenance of the accommodation. Landlords must abide by these strict laws when they rent accommodation with a 12 month lease. Most landlords avoid rental control laws by either drafting 11 month leases or encouraging informal or verbal rental agreements.
For a tenant with a 12 month lease, a rent rate at or below market value is guaranteed. But it may be difficult to break the terms of the lease should the tenant have to leave early.
An 11 month lease gives both landlord and tenant more flexibility.
The landlord can set the rent and terms according to the current market, and the tenant is less bound by the lease.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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