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Mr Kislay Pandey, a well-known property dispute advocate of the Supreme Court of India explains the problem of tenant-landlord dispute perfectly. According to him, a rental agreement or lease agreement is covered by restrictive rent control laws. An owner cannot take more amount than the amount derived from a specific rental formula.
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What Property Dispute Advocate says about Rent Agreements? In India, property dispute cases among tenants and landlords are increasing like anything. Even though the presence of many rent and lease agreements, it is becoming difficult for owners to protect their properties from overstayed tenants. Moreover, if an owner goes to the court, it takes years to come to any conclusion. There is no perfect mechanism to solve this dispute. Mr KislayPandey, a well-known property dispute advocate of the Supreme Court of India explains the problem of tenant-landlord dispute perfectly. According to him, a rental agreement or lease agreement is covered by restrictive rent control laws. An owner cannot take more amount than the amount derived from a specific rental formula. In New Delhi, the amount must be 10% of the total construction cost of the property. However, it is obvious that construction costs are of historical market trends and not the present market valuation. Therefore, if your property is old, you have to keep low rent amount. The rent formula is decided by the local authorities or jurisdiction system.
What Property Dispute Advocate says about Rent Agreements? The main problem arises when the lease agreement is signed by the landlord as it transfers the right of property to tenants for an indefinite period of time and causes problems like illegal possession of property or claiming the property as his own. There are a number of cases where tenants refused to relocate or vacate the property due to lease agreements. In courts, these cases can take 10 to 20 years to resolve. Furthermore, in many cases, tenants threatened landlords due to constant reminders of vacating the place and encouraged criminal activities too. Nowadays, most landlords prefer a Lease and License Agreement that grants the tenant a licence to occupy the property for a period of 11 months. As the rent control laws only apply to lease agreements of at least 12 months, it is safe and secure deal for landlords make an agreement of 11 months. According to a research, rent control laws mostly favour tenants.
What Property Dispute Advocate says about Rent Agreements? Furthermore, the landlord takes a security deposit from the tenant prior to occupancy. Generally, the security deposit is of three month’s rent paid by the tenant to the landlord. It is repaid to the tenant once the agreement ends and there are no liabilities unsettled. It is paid within one month after the end of the tenancy. A contract said that interest on the deposit can be counted at a daily rate in case of failure of deposit by the landlord refund within a month. When it comes to disputes, Indian laws always favour tenants and that is not ethically right. In the times when buying a home is becoming a next to impossible thing. There should be a profound legislation to protect the property of the owners. Furthermore, the court proceedings also should be conducted in fast-track courts to give a justice to the appealers.
What Property Dispute Advocate says about Rent Agreements? Mr KislayPandey, a famous Property Dispute Advocate discusses about the Lease and License Agreement between the tenant and the landlord and also suggests some useful steps to be taken to solve this high-conflicted property issues.
