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Understanding your rights within the Indian legal system
When we feel of letting our property, first thing occurs to us, "What in the event the tenant will 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 generated landlords losing control over their house. Finally in 1999, the Maharashtra Rent Control act was passed- now to guard both sides involved.
Most people still cling to the old notions in the Indian legal system. Mr. Patel from Harrow web-sites an appartment in South Mumbai, put it best, "I understand that all tenants are not bad but let's say I let my flat out to your tenant who then will not vacate. I have heard that filing a court case in India takes years. I don't want to spend five or ten years paying legal fees and appearing in the court. I want my flat available when I want it." It is true which a legal case will take over anyone would wish, but you'll find alternative solutions.
Good property management companies use leave and license agreements that go over the best of recovering possession underneath the relevant areas of the two Bombay Rent Act as well as the Maharashtra Rent Control Act. They also include clauses of arbitration in the event of dispute. Ideally, Leave and License Agreements are valid for 11 month periods and they are duly registered. Tenant's details are also submitted on the local police station.
If the tenant doesn't vacate, good property management companies assist by issuing notices on behalf in the landlord. If that won't work, a police complaint must be filed. The police then aid in evicting the tenants. In majority in the cases, this is all of that is necessary to reclaim the property. The last resort is always to go for the small causes court furnished with the registered agreement. Typically such cases are decided within 15 working days with all the proper documentation.
The Indian market and the Indian legal system feel safe and fair for most law abiding citizens. Good property management companies make certain that landlords are protected, making their property ownership a joyful experience.
Want to learn kew property manager about the Indian housing 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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