Well many of us aspire to purchase and live in our own house. Don’t we? We all love the idea of living in our luxury house which may or may not work for everyone. Situations may arise where you may have to live in a rented place. The reasons are endless and limitless. Prosperty Real Estate Chennai can help you sort out this easily.
In such scenarios, we often enter into a relationship involving a tenant and a landlord. Believe it or not, if one doesn’t handle the relationship well, things can go haywire. The landlord is the one who rents their respective house. Whereas the tenant is one who lives in another house and pays rent for it. Prosperty Real Estate Advisors Chennai plays an important role here.
The following excerpt is an attempt to educate you. It is an effort made to help our readers understand the different situations that may arise. It explains how in different ways you can handle a dispute that arises between a landlord and tenant. Prosperty Real Estate Chennai has handled a lot of cases and is extremely talented in this field.
Spell It Out
Legal issues regarding property often arise when things aren’t specified. Yes, you heard that right! This is the most basic and primary premise here. Discussion on maximum topics and aspects with regards to the property is always beneficial. Even Prosperty Real Estate Advisors Chennai would agree.
In situations where the owner, buyer, or tenant does not spell out the terms of the agreement, arguments can arise. Even if they are specific and no one adheres to them, then arguments can arise. Well, defaults are the biggest bones of contention. Having Prosperty Real Estate Chennai alongside is a major relief. They can do all the legwork here and you can sit back and relax.
Remember that as soon as the property is in your possession, generally there is an eleven-month lease. Mostly all the landlords enter into an eleven-month lease agreement for renting out a residential flat. You must have noticed this, haven’t you? Prosperty Real Estate Chennai can walk you through this.
People prefer this as it gives the tenant the right to occupy the house for the stipulated period only. However, if the tenant wants it for more than eleven months, then it is better to consider a registered lease. Having registered leaseholds more value. Not only this but it cannot be challenged and thus much safer. Prosperty Real Estate Advisors Chennai is an extremely talented and experienced professional who can help you out.
Be Safe Than Sorry About
- Delay in construction.
- Construction has not started even after a few years.
- Demand for money without deliverables.
- Charging penalties in the form of interest.
- Charging for covered/open parking space.
- Developer threatening for cancellation of the unit.
- Wrong unit allotted.
- Possession letter issued with dictator terms.
Always remember that there are legal options available for investors. In case they are stuck with investments in a project, then relief is the next question. Any recovery or relief from the developer has to start via sending a legal notice. Even Prosperty Real Estate Advisors Chennai would explain this thoroughly. The process goes like:
A. Legal notice:
A lawyer generally sends a legal notice which mentions the issues. Not only the issues but even the relief that you are seeking are on paper. One considers the legal notice the backbone of any civil or recovery proceeding. Hence, one prepares it carefully and meticulously. With the help of Prosperty Real Estate Advisors Chennai, this is a piece of cake.
B. Consumer Forum:
Consumer forums are in existence to simply help the consumers. So for example, in case of cheating or with any issue related to consumers and the company, things can get sorted here. At the district, state, and national levels, consumer forums are present. Prosperty Real Estate Chennai has in-depth knowledge about this and how to go about it.
C. Competition Commission of India:
Also, one approached the Competition Commission of India to file a complaint. So there are proper proceedings where the complaints occur systematically. Also, necessary changes and relief measures are suggested.
D. Criminal Complaints:
This is something no developer likes to get into- I.e a criminal complaint. Under various sections, a criminal complaint is registered. Over and above, multiple options are available through civil law to recover your money and receive specific relief for the property in question.
God forbid if you do get stuck, it’s better to remain safe than sorry. Isn’t it? So go ahead and consult your lawyer. You can even approach Prosperty Real Estate Chennai to make your life easy. Following the above simple suggestions and recommendations can truly change your life upside down. You will stay at peace most of the time with your tenant or your owner. It’s a win-win situation!