Why is the 11-month rental agreement created? - PowerPoint PPT Presentation

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Why is the 11-month rental agreement created?

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Ever wonder why we create an 11-month rental agreement or why the tenant is allowed to use the home for so long? We'll talk about the cause of it in this blog post today. Let's quickly review what a rental agreement means before moving further. – PowerPoint PPT presentation

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Title: Why is the 11-month rental agreement created?


1
WHY IS THE 11-MONTH RENTAL AGREEMENT CREATED?
2
INTRODUCTION
Ever wonder why we create an 11-month rental
agreement or why the tenant is allowed to use the
home for so long? We'll talk about the cause of
it in this blog post today. Let's quickly review
what a rental agreement means before moving
further.
3
WHAT IS THE DEFINITION OF RENT AGREEMENT?
A mutually agreed upon agreement between the
tenant and the landlord is called a rental
agreement. The property rental agreement in
addition to other terms and conditions. Clauses
for Water and Electricity are just two examples
of terms and conditions.
4
WHY ARE WE ONLY CREATING A RENT AGREEMENT FOR 11
MONTHS?
The 11-month rental agreement was created to
avoid the Strict Rental Law, which applies to
leases for up to 12-month periods. For this
reason, one month of the 12 months was designated
as the Owner's Notice Period, and after it
expires, they have the option to renew it by
creating a new one and paying the government's
stamp duty for the instrument once more.
5
WHY USE EDRAFTER TO GET AN ONLINE RENTAL
AGREEMENT?
Customers can request changes to the terms at any
time, and we offer a fully formed rental
agreement that includes all relevant provisions.
We provide doorstep service all you need to do
is fill out the form on our secure data
collection website with your details, place your
order, and we'll promptly draft your Rental
Agreement and send it to the address of your
choosing along with the required e-stamp paper.
6
THANK YOU
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