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Understanding your rights inside the Indian legal system
When we believe of letting our property, firstly , occurs to us, "What if the tenant will not vacate my property?" In the past, this is a legitimate 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- this time around to shield each party involved.
Most people still cling on the old notions from the Indian legal system. Mr. Patel from Harrow online resources an appartment in South Mumbai, use it best, "I understand that all tenants are not bad but suppose 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 hips and appearing in the court. I want my flat available when I want it." It is true a legal case can take longer than anyone would wish, but you will find alternative solutions.
Good property management companies use leave and license agreements that go over the correct of recovering possession within the relevant areas of the two Bombay Rent Act along with the Maharashtra Rent Control Act. explanation include clauses of arbitration in the case of dispute. Ideally, Leave and License Agreements are valid for 11 month periods and therefore are duly registered. Tenant's details are also submitted for 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 doesn't work, a police complaint must be filed. The police then help out with evicting the tenants. In majority with the cases, this is everything that is important to reclaim the house. The last resort is always to go for the small causes court equipped with the registered agreement. Typically such cases are decided within 15 working days with all the correct documentation.
The Indian housing market and also the Indian legal system are safe and fair for almost all law abiding citizens. Good property management companies make certain that landlords are protected, making their house ownership a joyful experience.
Want to learn more about the Indian housing market? Unesta is 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: https://www.sp3realestate.com.au/
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