Why Rent Agreements are of 11 months Only #LLAShorts 389

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Explained in 1 Minute
Why Rent Agreements are of 11 months
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Shot & Edited by: Rohan Agarwal
Research: Money-Minded Mandeep
Presented by: Money-Minded Mandeep, Anadi Andy
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#Shorts #LLA #rent #rentalproperty

[LabourLawAdvisor]

Apka ghar khud ka hai, ya rented?

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[rahulsaxena]

What a coincidence...got this video notification when my rent agreement got extended by another 11 months today🙂

[arvindtiwari]

Habibi come to Mumbai: 10days ke liye bhi registration krna pdta hai, aur police verification bhi otherwise society allow hi nhi kregi apko😂.

[nkspro]

11 month is not a big deal, the rent owners wont mind extending it generally speaking, it is just a way to avoid the legal fuss.

[Soni_]

ऐसे ही देश की जानता को जागरूक करते रहे आपका धन्यवाद🙏🙏

[anupam_halder]

Government:- 😈😈
*Inside head of government:- let's just make that 1 year tenure agreement registration fee into 6 months or even lower 😈😈😈

[s.t]

Meanwhile the owner:
Agreement extend karna tha to sidha sidha bataadete isme shorts banaaneki kya baat thi 😂

[gyaansedosti]

I am a labour law advisor's biggest follower and like both of you and also anadiyo ka bhi anadi andi

[YOUTUBE_AMERICA]

Me: you guys have rent agreement ?
Makan malik: apna hi ghar samjho 😅

[ashishsah]

Bangalore:
1) Owners take very high advance deposits, even up to 10 months.
2) When you leave, Owners deduct 1 month rent for maintenance. (I have faced instances where moveout charges were also deducted apart from the maintenance deduction)
3) Agreement are made of hardly Rs. 150-200, borne by owner; but often its only liable to tenants. Owners on the other hand, increase the rent per their wish (before 11 months end, that too upto 50% while agreement says 5-10%) and threat to vacate flat if not follow terms.

Due to high demand, such scenarios are common. These charges are apart from the brokerage charges given while move in.

@LabourLawAdvisor please suggest how much of this is valid and where to report/ take help in case of such instances ??

[siddheshwarshirsekar]

In maharashtra
Registration fees is 500rs maximum
6% on rent

[mehulgala]

A small addition to the content:
1) You pay a higher tax amount in registered documents but it's more secured for licensor and licensee in case of a dispute as it is acceptable for the arbitration proceedings as well as in the court of law.
2) The Stamp duty is calculated on not only the annualized rent but also on simple interest @10% on total refundable deposits. This has to be added for the entire tenure of agreement.

[iArpanMishra]

And then they give "gyan" on stay in rented house!
Imagine the anxiety of a family man ??!!!!

[excellentcoaching]

Dear Sir,
Sir meri ek request hai ki please aap ek video banaye jishme ki aap humhe full detailed me ye bataye ki Utkarsh Classes, Allen institute, Aakash Institute, Physics wallah, Byju's, Vedantu, Unacademy ye sab ki tarah ek educational company kaise banate hai kaise company ka name, logo, tagline ye sab registered karwate hai aur kya kya processes hote hai ek company ko paper pe proper sahi tarah se banane me aur kya agar hum company ka name, logo, tagline ye sab registered karwa lenge toh ishpe lifetime ke liye shirf humahara hi rights rahega, sir ish tarah ke bahut se questions hai ish topic se related and i know ki aap ish comment ko padh kar ish topic se related mere mann ki sabhi questions samaj gaye honge sir, 😊 Sir please i request ek complete detailed video ish topic pe banaye sir please 🙏

[Aryanable]

Ye fatka nahi, achha hai, notary signed 11 month agreement is not valid in court cases. You cannot claim anything if your landlord misbehave or threw you out

[tradingwizard]

Sirf yahi nahi, agar 1 year ki agreement register nahi ki, toh uski koi value nahi . You won't get court relief . 11 months agreement, both parties can approach court .
Waise ek baat batau, Chartered accountant ya lawyer ko koi flat / shop / house rent pe nahi deta .
Landlord bahut seedha saadha lagta hai .

[parveendang]

But if there is any dispute, court will only take a valid registered rent agreement

[qwill]

LLA - * ahh a bit of correction ...
There is no registration of residential rental agreement, a simple notary would do provided that it's on currently issued stamp paper of atleast 100 -2000 ( depending on your state, I say this because it keeps changing, ), and both parties have signed in notary public's registar in India ... However, regd of commercial or industrial agreements is mandatory @ 1.5 % of rental for upto 3 yrs or 3 % of rental above 3 yrs .for stamp papers plus other fees

Ps- I'm a realtor in NCR .
Main reason for 11 months of owners don't want tenets to get too comfortable, cause it a well know fact sometimes tenets become squatters 😊 ( happens more often than you think ) .and owners have to pay up to get their houses vacated . And they want to recalculate the rental @10% increase . And taxation dates and housing allowance etc etc, of course sometimes people don't care of any of this and continue to live for yrs just on an oral agreements ( we did, while I was growing up in Delhi, for atleast 25 yrs )

Edit - Now police verification is also mandatory too ...

[prashantvariya]

What action can be taken if owner doesn't do an agreement, and rented a house?

[gokulm]

In Maharashtra in all cities you have to register irrespective of tenure of months.