Notes

Legal Safeguards - Secrets of Good India Property Management Revealed
Understanding your rights inside the Indian legal system
When we think of letting our property, firstly , occurs to us, "What in the event the tenant does not vacate my property?" In the past, this was a sound fear. The older law, The Bombay Rent of 1947 protected the tenant from eviction and rent increases. This resulted in landlords losing power over their home. Finally in 1999, the Maharashtra Rent Control act was passed- this time to protect all parties involved.
Most people still cling towards the old notions with the Indian legal system. Mr. Patel from Harrow the master of an appartment in South Mumbai, place it best, "I realize that all tenants are certainly not bad but let's say I let my flat out to your tenant who then refuses to vacate. I have heard that filing a court case in India takes years. I don't want to spend five to ten years paying attorney's fees and appearing in the court. I want my flat available when I demand it." It is true which a legal case usually takes over anyone would wish, but there are alternative solutions.
Good property management companies use leave and license agreements that go over the proper of recovering possession within the relevant parts of both Bombay Rent Act along with the Maharashtra Rent Control Act. They also include clauses of arbitration in case there is dispute. Ideally, Leave and License Agreements are valid for 11 month periods and therefore are duly registered. Tenant's data is also submitted on the local police station.
If the tenant won't vacate, good property management companies assist by issuing notices on behalf in the landlord. If that doesn't work, a police complaint should be filed. The police then assist in evicting the tenants. In majority from the cases, this really is everything is essential to reclaim the exact property. The last resort is usually to go to the small causes court equipped with the registered agreement. Typically such cases are decided within 15 working days with all the proper documentation.
visit this web-site with the Indian legal system feel safe and fair for most law abiding citizens. Good property management companies make sure that landlords are protected, making their home ownership a joyful experience.
Want to find out more about the Indian real estate market? Unesta is often a property services firm, with offices in London and Mumbai, offering letting, sales and property management services to NRIs owning property in India. +44 207 125 0425.
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