Lease Agreement Renewal Format India
Description
How to fill out California Residential Or Rental Lease Extension Agreement?
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FAQ
I'm writing to inform you that your current lease for the property located at [ADDRESS] will not be renewed for another lease term. This note should serve as my (length appropriate) notice of non-renewal. Your lease will expire on [LEASE EXPIRATION DATE], which means the property should be fully vacated by that day.
If the rental agreement is not renewed then the tenant is legally required to vacate the property which he was occupying. The landlord will recover the possession of the flat.
To register your renewed agreement, go to the nearest sub-office of the registrar. The renewal must be completed at least two months before the deed's expiration date. If both parties are not present simultaneously, the Power of Attorney must be signed, giving the attorney the authority to close the agreement.
If you and your landlord decide to renew the fixed-term contract, you'll usually need to: Agree on the duration - e.g., a 1-year lease. Agree on break clauses ? which allow you to end the lease early. Sign new paperwork ? which can contain different clauses to your current lease.
It is legal for a tenant to occupy or reside in the rental property till the period the agreement specifies or validates. For example, if the agreement's tenure is specified as 11 months, then 11 months it is then! Staying beyond this time period needs permission from the landlord.
