Property on rent or creating ownership right?
Call from Doha at 2 in nightWhen you take a small secured loan of a few lakhs rupees, you sign a 36 pager agreement , give this document and that document and blank cheque etc.But, when you give your property costing in Crores, on rent, you get a 2 page printed copy given by your dealer and deal is done, isn't it?Totally, unsafe.Yes, sometimes u get it registered. But registered what landlord right or tenant rights? Don't know.Happy to pay one month rental as commission but no legal vetting of documents.Penny wise pound foolish.Recently, I got a call at 2'o clock in night from school senior in Doha, whose tenant created ruckus and refused to vacate the house after completion of agreed tenancy period in a super posh society in Gurgaon.He wanted to take legal action but when I went through the rental agreement it was a big mess.House costed 5.5 cr, per month rental 85 K and legal fees zero.Now if matter goes in court, where agreement is in favour of Tennant, cost will be lakhs and eviction will be long fought battle.Solution: Get rent agreement vetted today by legal expert
Dr. Ajay Kummar Pandey( LLM, MBA, (UK), PhD, AIMA, AFAI, PHD Chamber, ICTC, PCI, FCC, DFC, PPL, MNP, BNI, ICJ (UK), WP, (UK), MLE, Harvard Square, London, CT, Blair Singer Institute, (USA), Dip. in International Crime, Leiden University, the Netherlands )Advocate & Consultant, Supreme Court of India & High Courts4C Supreme Law International, Delhi, NCR. Mumbai & DubaiTel: M- 91- 9818320572. Email: firstname.lastname@example.org