Notes

Legal Safeguards - Secrets of Good India Property Management Revealed
Understanding your rights from the Indian legal system
When we presume of letting our property, firstly , occurs to us, "What if the tenant does 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 resulted in landlords losing charge of their residence. Finally in kew property manager , the Maharashtra Rent Control act was passed- this time around to shield both parties involved.
Most people still cling towards the old notions from the Indian legal system. Mr. Patel from Harrow who owns a flat in South Mumbai, put it best, "I are aware that all tenants are certainly not bad but let's say I let my flat out with 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 to ten 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 usually takes 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 chapters of the two Bombay Rent Act and 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 therefore are duly registered. Tenant's facts are also submitted for the local police station.
If the tenant does not vacate, good property management companies assist by issuing notices on behalf with the landlord. If that does not work, a police complaint must be filed. The police then help out with evicting the tenants. In majority from the cases, that is everything that is important to reclaim the home. The last resort is always to go for the small causes court furnished with the registered agreement. Typically such cases are decided within 15 trading days with all the correct documentation.
The Indian market as well as the Indian legal system are secure and fair for the majority of law abiding citizens. Good property management companies make certain that landlords are protected, making their house ownership a joyful experience.
Want to learn more to do with the Indian real estate 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.
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