If you are a property owner looking to sell or rent out a property, the best thing you can do before you get right down to business, is educate yourself about the ins and outs of the real estate market.
If you want to ensure that you never end up in a legal battle against unruly occupants, immerse yourself in the following tips.
1.
Orchestrate Background Checks on Potential Tenants Before you sign the paperwork for a property, do some research on the recent past and valid personal information of your potential tenant.
This can be done either by obtaining a reference letter from the person, or by investigating the previous proprietor.
Guarantee that the permanent and office addresses provided by the tenant are valid and track them down to get confirmation.
While you may check all documents meticulously, the ultimate attestation can only be obtained from an official nod by the police.
In fact, police verification is mandatory for all tenants and landlords, and failure to do so would result in punishment under law.
2.
Give Importance to the Lease Agreement Even though the lease agreement is only mandated for properties that are rented out for over eleven months, preparing one and getting it registered are advantageous nonetheless.
Getting a lease agreement registered is obligatory if you plan to rent out a site for a couple of years.
The procedure gives you a significant amount of security as a landlord, and can help immensely if your tenant does not abide by the rules.
3.
Know When You Can Evict Tenants Not knowing the grounds on which you can ask your tenant to leave, can put you in a state of utter distress.
Under normal circumstances, you are allowed to evict your tenant when the tenure of the agreement has been completed.
Additionally, a tenant can be evicted on grounds of refusal of payment of rent, or carrying out illegal activities on your property.
Apart from this, if your tenant has sub-let some or all of your property without consent from you, you are entitled to ask him to evacuate.
4.
Approach the State Authority In the Case of Dispute You can seek legal help from the designated authorities of the state to resolve issues, which typically takes about 5-6 months.
Such officials are present in the government of every state, and their sole task is to settle disputes related to rental property matters.
Make sure you have all the necessary registered documents with you when you approach the authorities to file a case.
It must be remembered though, that the local police have no jurisdiction in cases where the tenant does not vacate or pay rent.
5.
Take It to Court While it may be tempting to take matters to the court directly, the action must only be taken when you are unhappy with the decision of the state government.
The city civil court is a good option for the purpose, where the decision would take a year or two.
When this is unsatisfactory, the high court may be approached.
If you want to ensure that you never end up in a legal battle against unruly occupants, immerse yourself in the following tips.
1.
Orchestrate Background Checks on Potential Tenants Before you sign the paperwork for a property, do some research on the recent past and valid personal information of your potential tenant.
This can be done either by obtaining a reference letter from the person, or by investigating the previous proprietor.
Guarantee that the permanent and office addresses provided by the tenant are valid and track them down to get confirmation.
While you may check all documents meticulously, the ultimate attestation can only be obtained from an official nod by the police.
In fact, police verification is mandatory for all tenants and landlords, and failure to do so would result in punishment under law.
2.
Give Importance to the Lease Agreement Even though the lease agreement is only mandated for properties that are rented out for over eleven months, preparing one and getting it registered are advantageous nonetheless.
Getting a lease agreement registered is obligatory if you plan to rent out a site for a couple of years.
The procedure gives you a significant amount of security as a landlord, and can help immensely if your tenant does not abide by the rules.
3.
Know When You Can Evict Tenants Not knowing the grounds on which you can ask your tenant to leave, can put you in a state of utter distress.
Under normal circumstances, you are allowed to evict your tenant when the tenure of the agreement has been completed.
Additionally, a tenant can be evicted on grounds of refusal of payment of rent, or carrying out illegal activities on your property.
Apart from this, if your tenant has sub-let some or all of your property without consent from you, you are entitled to ask him to evacuate.
4.
Approach the State Authority In the Case of Dispute You can seek legal help from the designated authorities of the state to resolve issues, which typically takes about 5-6 months.
Such officials are present in the government of every state, and their sole task is to settle disputes related to rental property matters.
Make sure you have all the necessary registered documents with you when you approach the authorities to file a case.
It must be remembered though, that the local police have no jurisdiction in cases where the tenant does not vacate or pay rent.
5.
Take It to Court While it may be tempting to take matters to the court directly, the action must only be taken when you are unhappy with the decision of the state government.
The city civil court is a good option for the purpose, where the decision would take a year or two.
When this is unsatisfactory, the high court may be approached.
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