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Home / Legal / Rent Agreement / What is the permanent lease duration?
Q.

What is the permanent lease duration?

view 28 Views

1

2 Year

Comment

whatsapp [#222222128] Created with Sketch. Send
0 2022-12-15T11:39:29+00:00

Hey pal,

According to my research, the lease of the property is time bound and fixed for a 99-year timeline from the date of the purchase. Ninety-nine years is considered to be approximately encompassing three generations. This will be the maximum period of the lease agreement. This 99-year period is known as permanent lease duration. 

Usually, a rental agreement lease is made for eleven months. 

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