Legal Safeguards - Secrets of Good India Property Management Revealed

· 2 min read
Legal Safeguards - Secrets of Good India Property Management Revealed

Understanding your rights inside 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, it was a current fear. The older law, The Bombay Rent of 1947 protected the tenant from eviction and rent increases. This led to landlords losing control of their home. Finally in 1999, the Maharashtra Rent Control act was passed- now to safeguard all parties involved.
Most people still cling to the old notions from the Indian legal system. Mr. Patel from Harrow online resources a flat in South Mumbai, input it best, "I know 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 five or ten years paying hips and appearing in the court. I want my flat available when I demand it." It is true a legal case usually takes longer than 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 under the relevant sections of the 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  official site  are valid for 11 month periods and they are duly registered. Tenant's details are also submitted to the local police station.
If the tenant won't vacate, good property management companies assist by issuing notices on behalf in the landlord. If that won't work, a police complaint has to be filed. The police then help out with evicting the tenants. In majority of the cases, that is all of that is essential to reclaim the exact property. The last resort is always to go on the small causes court equipped with the registered agreement. Typically such cases are decided within 15 working days with all the right documentation.
The Indian market and also the Indian legal system feel at ease and fair for almost all law abiding citizens. Good property management companies ensure that landlords are protected, making their home ownership a joyful experience.
Want to find out much 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.