What is short term lease and long term lease
Are you confused between various types of lease agreements? Searching for the difference between short term and long term lease? Find answers about the difference among these lease agreements and the Government guidelines on this Ask Expert page.
The agreements in respect of lease of land and buildings are signed specifying certain period in respect of its period of validity. Some agreements are signed for 11 Months, some are for five years and some are for longer period. Some lease agreements are called as short term lease agreement and some called long term lease agreement.
Are there any specific period of lease agreement which can be termed as short term lease agreement or long term lease agreement?
Any Government of India guidelines available on this matter?
Are there any specific period of lease agreement which can be termed as short term lease agreement or long term lease agreement?
Any Government of India guidelines available on this matter?