Quote:
Originally Posted by hasita hi all,
I would like to have some information regarding the rental agreements and how it functions here in Chennai.
1. On completion of 11 months of the initial rental time, can the landlord take the place without giving a one-month notice? Or is he required to mention in advance, say the 10th or 11th month? |
Hi Hasita
Based on our interaction with a decent landlord in the past here are my inputs..
1.strictly speaking they should give us a month's notice but if they have specified in the agreement that the tenant should vacate when demanded explicitly .. we have no choice.
Quote:
|
2. In case time has already extended beyond the stipulated 11 months, into the next period - then does is it mandatory to draw out another agreement?
|
Yes.. it is mandatory to renew the agreement and generally the house owners prepare it promptly and make you sign the agreement when you pay the rent for the 11th month.Afterall it involves a 5% rental hike right?
Regards
Honeybee