Why do many people in India rent homes for 10 months instead of a full year?

Apni Law
Apni Law
Law Forum › Category: Landlord / Tenant › Why do many people in India rent homes for 10 months instead of a full year?
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Apni Law Staff asked 1 year ago

Why do many people in India rent homes for 10 months instead of a full year?

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Best Answer

Apni Law Staff answered 1 year ago

In India, many landlords prefer 10-month leases to avoid paying property tax. This is because property tax is calculated on an annual basis, and by having a 10-month lease, they can circumvent paying the full year’s tax.

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