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Understanding your rights inside the Indian legal system
When we presume of letting our property, the first thing that occurs to us, "What if the tenant does not vacate my property?" In the past, it was a legitimate fear. The older law, The Bombay Rent of 1947 protected the tenant from eviction and rent increases. This triggered landlords losing charge of their residence. Finally in 1999, the Maharashtra Rent Control act was passed- on this occasion to guard all parties involved.
Most people still cling towards the old notions of the Indian legal system. Mr. Patel from Harrow online resources a set in South Mumbai, input it best, "I are aware that all tenants usually are not bad but suppose I let my flat out to a tenant who then won't vacate. I have heard that filing a court case in India takes years. I don't want to spend five or ten years paying attorney's fees and appearing in the court. I want my flat available when I need it." It is true which a legal case usually takes longer than anyone would wish, but you can find alternative solutions.
Good property management companies use leave and license agreements that cover the best of recovering possession within the relevant areas of the two Bombay Rent Act as well as the Maharashtra Rent Control Act. They also include clauses of arbitration in case of dispute. Ideally, Leave and License Agreements are valid for 11 month periods and so are duly registered. Tenant's data is also submitted towards the local police station.
If the tenant will not vacate, good property management companies assist by issuing notices on behalf in the landlord. If that will not work, a police complaint has to be filed. http://www.masonre.com.au/ help out with evicting the tenants. In majority in the cases, that is everything that is essential to reclaim the exact property. The last resort is to go for 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 market and also the Indian legal system are secure and fair for almost all law abiding citizens. Good property management companies be sure that landlords are protected, making their house ownership a joyful experience.
Want to learn a little more about the Indian market? Unesta can be 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.
Website: http://www.masonre.com.au/
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