i am thinking of buying an office in Indore in a complex and rent it out on an 11 month lease for two yrs till the prices of the property hike. i am not sure how safe is it to give the office on 11 month lease incase the tanent refuses to leave after the tenure is over. what steps can be taken to avoid this situation on the first place .if atall required how can one evict the tanent.
2006-12-11 16:42:06 · 2 answers · asked by grouch g 2 in Business & Finance ➔ Renting & Real Estate
It would help greatly to know if this is in the USA or where ever, but I suspect India. Laws are applied differently in the US versus other countries. To get the correct requested info you need to let us know where you are so that somebody from that country or area can properly respond.
If in the USA it makes no difference, at least in Tennessee: a lease is a lease and terms are clearly spelled out that if you don't pay you don't stay. A tenant that refuses to leave subjects themselves to a lawsuit, eviction and related expenses if they loose in a court of law, which they usually do. Unless the lease also specifically states that it is a lease w/a purchase option, when the lease ends, it ends.
2006-12-11 17:40:53 · answer #1 · answered by hithere2ya 5 · 1⤊ 0⤋
Generally it helps.
2006-12-12 01:01:21 · answer #2 · answered by Meeto 7 · 0⤊ 2⤋