What is this lease? In many cases we have heard that the house is on lease, open land is on lease, someone is drinking lemonade or God forbid something is added that it is on lease. What does lease mean? So today we will discuss and try to understand what is lease.

You must have often heard that when a property is leased, the agreement is always signed for 99 years, but have you ever thought why the agreement is not for a period of 11 years or more? Similarly, when you make a rent agreement, it is also always for 11 months, why not for more than that?

Actually, property is divided into two parts, first is housing property and second is commercial property. Similarly, immovable property is also of two types. The first is called freehold property. This is the property that we receive from our ancestors through a will. The second type of property is leasehold property. This is the property that you buy to increase your voice or for business purposes. This type of property is called leasehold property and you get it for 99 years. Whenever the government gives land to any industrial group to set up an industry in its state, then that too is for 99 years.

Whenever we take a lease from the government for housing construction or setting up an industry, When we buy land, a time limit is always fixed for it. For example, if you go to buy a flat, you should always find out when the builder bought the land for flat construction and under how many years lease agreement you bought it. Luckily, you have bought a flat built 10 years ago. That flat took 13 years to be ready. So the total time taken is 13 years. In this way, if 13 years are removed from the 99 year agreement, then that flat will remain with you or your family for the next 86 years.

Actually, the government leases land only for revenue. In such a situation, when the lease period is over, the government again takes over the land. That is, in short, the real owner of the land remains the government. Now the main question is that why the lease agreement is only for 99 years. It is believed that in such a long period, no building is fit for living or for doing industry etc.

In such a situation, it is necessary to demolish it after this period. As soon as the lease ends, the government again takes over the land given on lease. Similarly, the rent agreement is made for 11 months only. The owner has the right over the property. In such a situation, he can increase the rent period as well as increase the rent annually. Under the rules of the list, a rent agreement cannot be made for more than this period.

The land which is attached to the land, the properties attached to the land can be moved from one place to another. There is always property for the subscriber. This immovable property can be leased. It means that a person gives his property to another person for use by connecting with each other. If the person can lease the immovable property and the other person can lease it, then it is a way to transfer the property.

So, there are many ways to transfer and arrange the property. In law, there are many types of transfer of property. There is a contract to lease the property, which we are going to discuss, it is a contract between the two. The owner of the property transfers that property, that is the problem, the owner of the property transfers it to another person, it is not transferring ownership.

It is not giving ownership rights. It’s just that you can use this property for this period by taking a lease for 10 years and in exchange for using it the other person gives rent in return and there is a problem in this, then there are two parties in it, pet loop means the owner takes it and the other customer transfers the lease he is the owner of the property and can use the paper property of the property, this idea of ​​​​subscription can be dipped subscription can be done quickly and can also be a son

And it is important to consider money, consideration can be given in any object, due to consideration, the crop yield produced in the cultivation of crops can be subscribed, so here the subscription is taken, this property is used as property, subscribe to use it, I believe that if the terms are balanced, leave a comment it is cancelled, it is called the culmination of this, that the era is over, the system is gone, so how to use it is a common thing how you will use the properties and you can use this form Will

use what arrangement you will make to do it, all these things are written in this condition, so in this way the law of transfer of property in our country is called Property Transfer Act and Property Transfer Act, in this Property Transfer Act, the leaves are mentioned, the leaves are designed in section 105.

Difference Between Lease Deed And Rent Agreement

Now let us try to understand these in more detail and because a lease is signed for a long period, so usually the lessee who is renting the asset is also responsible for its maintenance, whereas if you rent, like if you have rented a car or if you have taken a taxi from a company, if we take an example of these then the maintenance is done by their owner. So we can say that in a lease the lessee is responsible for the maintenance.

That means the one who is renting it, and in renting the responsibility of maintenance is of the owner. Suppose if we talk about the prices of a car company, then the prices in it also keep increasing and decreasing every day like Ola Cabs. And similarly if you take a car for a month then your rent for 1 or 2 months is made but if you take it in the next month then its rent can increase.

If the rent increases in the house also, the landlord says that either you vacate my house or increase the rent as it is written in our rent agreement. So there is more flexibility in the case of renting but in the case of lease deed we can say that there is more security and less security for the person taking the lease deed.

And the second thing that you have to keep in mind is that in renting the rent agreement ends very soon like 11 months. The rent agreement can also be terminated by giving a small notice because if in the middle of the lease deed, suppose if the lease deed is for 10 years, then if the tenant or the landlord breaks it in the middle, then the penalty is kept very high, there can be a penalty of 6 months rent, there can be a penalty of 1 year rent.

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