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Understanding your rights from the Indian legal system
When we believe of letting our property, firstly , occurs to us, "What in the event the tenant will not vacate my property?" In the past, it was a sound fear. The older law, The Bombay Rent of 1947 protected the tenant from eviction and rent increases. This led to landlords losing control of their home. Finally in 1999, the Maharashtra Rent Control act was passed- now to protect both sides involved.
Most people still cling to the old notions with the Indian legal system. Mr. Patel from Harrow who owns an appartment in South Mumbai, use it best, "I know that all tenants are not bad but let's say I let my flat out with a tenant who then will not vacate. I have heard that filing a court case in India takes years. I don't want to spend 5 or 10 years paying legal fees and appearing in the courtroom. I want my flat available when I want it." It is true that a legal case usually takes more than anyone would wish, but you'll find alternative solutions.
Good property management companies use leave and license agreements that cover the best of recovering possession beneath the relevant sections of the two Bombay Rent Act and also the Maharashtra Rent Control Act. They also include clauses of arbitration in case of dispute. Ideally, Leave and look these up 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 doesn't vacate, good property management companies assist by issuing notices on behalf of the landlord. If that won't work, a police complaint should be filed. The police then aid in evicting the tenants. In majority from the cases, this is all that is essential to reclaim the property. The last resort is always to go on the small causes court armed with the registered agreement. Typically such cases are decided within 15 working days with all the right documentation.
The Indian real estate market as well as the Indian legal system are safe and fair for most law abiding citizens. Good property management companies make sure that landlords are protected, making their property ownership a joyful experience.
Want to learn more to do with the Indian housing market? Unesta is really 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.
Homepage: http://www.masonre.com.au/
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