Terminating rental agreement
I want to make agreement with owner of commercial shop for 3 years ( 11 Months X 3 ) and if I terminate the agreement after 2 years or in between agreement period then what will happen
Asked 4 years ago in Property Law from Mumbai, Maharashtra
that condition you have to decide
Advocate, New Delhi
1. Termination of lease is determined by mutual agreement of parties.
2. So you can add many conditions the breach of which may automatically terminate the lease .
3. Take professional help to draft the lease deed.
get your agreement drafted by a lawyer . you can incorporate clauses in agreement to protect your interests . leave and licence agreement must have termination clause to provide for eventualities
If nothing has been included in the agreement as recourse to the land lord under such circumstances, then nothing will happen to you.