A lease is a legally binding agreement between a lessor (the property owner) and a lessee (the tenant) that grants the lessee the right to use a property for a specified period in exchange for regular payments, known as rent.
Initially, contract farming regulated under the Indian Contract Act, 1872. The Model APMC (Agricultural Produce Market Committee) Act, 2003 provides specific provisions for contract farming, like compulsory registration of contract farming sponsors and dispute settlement.
Can a private company lease agricultural land in India? No, a company cannot lease agricultural land in India. Under the Ceiling on Land Holdings Act, non-agriculturists cannot own agricultural land, and under the Land Leasing Act, they cannot lease agricultural land, both Acts being at the State level.
Most lease agreements require tenants to provide a specific notice period before terminating the lease. This notice period can vary, typically ranging from 30 to 90 days. Ensure that you give your landlord ample notice in ance with the terms of your lease.
To terminate a periodic, year-to-year tenancy, Missouri law (Section 441.050 RSMO) requires that written notice be made by the party wishing to terminate the lease to the other party not fewer than 60 days before the end of the lease period.
In California, tenants may be able to legally break their lease before its expiration date if they have a justified reason. Justified reasons for breaking a lease are typically related to issues that make the unit uninhabitable or create an unsafe or untenable living situation.
A lease can be terminated in a number of ways, but most frequently, a lease or rental agreement is terminated by expiration of the lease's term OR by mutual consent.