Notes

Legal Safeguards - Secrets of Good India Property Management Revealed
Understanding your rights from the Indian legal system
When we believe of letting our property, first thing occurs to us, "What in the event the tenant will not vacate my property?" In the past, this is a valid fear. The older law, The Bombay Rent of 1947 protected the tenant from eviction and rent increases. This generated landlords losing power over their property. Finally in 1999, the Maharashtra Rent Control act was passed- now to protect all parties involved.
Most people still cling for the old notions of the Indian legal system. Mr. Patel from Harrow online resources an appartment in South Mumbai, put it best, "I are aware that all tenants usually are not bad but what if I let my flat out to a tenant who then won't vacate. Management Rights and Preparing the Business for Sale 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 court. I want my flat available when I want it." It is true that a legal case will take longer than anyone would wish, but there are alternative solutions.
Good property management companies use leave and license agreements that cover the proper of recovering possession under the relevant sections of the two Bombay Rent Act as well as 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 info is also submitted towards the local police station.
If the tenant does not vacate, good property management companies assist by issuing notices on behalf from the landlord. If that won't work, a police complaint needs to be filed. The police then aid in evicting the tenants. In majority in the cases, that is everything that is essential to reclaim the house. The last resort is always to go to the small causes court furnished with the registered agreement. Typically such cases are decided within 15 business days with all the right documentation.
The Indian real estate market along with the Indian legal system feel at ease and fair for most law abiding citizens. Good property management companies ensure that landlords are protected, making their residence ownership a joyful experience.
Want to understand a little more about the Indian 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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