What if a landlord doesn`t want to transfer the interests of the property to his tenant? What happens if the tenant refuses to evacuate? Indian law states that as long as a tenant regularly pays rent and other expenses, they cannot simply distribute it for a period of 5 years, unless they commit something that is contrary to the agreement. With respect to recent rental scenarios in India, the government facilitated the process of registering leave and licensing through the online registration or e-registration process. This can be done at any time without visiting the office of the sub-registrar ™. 1) A rent defined in Section 105 of the Property Transfer Act, 1882, is a transfer of the right to benefit from the property concerned for a pre-defined or permanent period. The landlord (owner of the property) gives this reflection periodically to the tenant (to the person who rents the property), usually at the beginning or end of a tenancy agreement. Other legal obligations in India are leases. Under the Rent Control Act, the tenant can rent the premises by the landlord and support an amount set as rent for commercial or residential use. However, legally, the landlord or landlord cannot take over the premises as long as the rent is paid. For leases, a significant amount is paid and there is no more monthly rent to pay. Rent control laws currently favour tenants.
These prevent landlords from overburdening tenants. In addition, in the case of a tenancy agreement, the ownership of the property is transferred to the tenant, making it more difficult for the landlord to evacuate the tenant. Donors therefore do not prefer to enter into 12-month leases. 2) You can enter into a lease agreement with MNC for a period of 5 years with an extension clause. Agreement reviewed by your lawyer have stamped it and registered a license is a personal right that is granted to a person to do something about the real estate of the funder and does not represent the creation of interest in the property itself. It is a permissive right and for the fellow personally.