Results for #tenants
Redevelopment
#rent#tenants#society
Is there any way to estimate the rent that will be provided to the existing tenants of a society under redevelopment for the period of redevelopment? Does there need to be a minimum corpus?
Is there any way to estimate the rent that will be provided to the existing tenants of a society under redevelopment for the period of redevelopment? Does there need to be a minimum corpus?
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Answered on November 08, 2017
One has to inquire with real estate brokers in his area to know prevailing rent and can also be ascertained by visiting few flats avavilable on rent in the near by area. Amount of the corpus will depend upon feasibility of the project and it is usually created to cover cost of maintenance of the new premises offered to the existing member.
Legal
#flat#redevelopment#letter#builder#allotted
I purchased a flat which was in a redevelopment project, for which I have an allottment letter from the builder. Before redevelopment, the existing building had 144 flats, and the redeveloped building is supposed to have 450 flats. Apart from the flats which have to be allotted to the existing tenants, the builder has sold about 80-90 flats. Now, he has stopped construction citing lack of funds. In this case, if the society (that owns the land) changes the builder on this project, will I still get the flat I have been allotted?
I purchased a flat which was in a redevelopment project, for which I have an allottment letter from the builder. Before redevelopment, the existing building had 144 flats, and the redeveloped building is supposed to have 450 flats. Apart from the flats which have to be allotted to the existing tenants, the builder has sold about 80-90 flats. Now, he has stopped construction citing lack of funds. In this case, if the society (that owns the land) changes the builder on this project, will I still get the flat I have been allotted?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
As per the law laid down by the Supreme Court, on change of a developer in view of termination of the development rights granted to the old developer, the purchasers from such old developer would not have any claims in respect of the flats against the Society and the New Developer. You can however claim refund of monies with interest from the Old Developer. The above would however be subject to...
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Legal
#flat#agreement#owner#deposit#tenants
I have been staying in a flat in Chennai for the past 10 years. For the first 3 years, there was a proper written rental agreement and post that, it has only been done verbally on mutual consent. Now, as I have heard from various sources, the owner has a tendency to deduct the deposit amount using some baseless reason and give it to the tenants when they are planning to vacate. Is there any legal procedure through which I can get back my complete security deposit?
I have been staying in a flat in Chennai for the past 10 years. For the first 3 years, there was a proper written rental agreement and post that, it has only been done verbally on mutual consent. Now, as I have heard from various sources, the owner has a tendency to deduct the deposit amount using some baseless reason and give it to the tenants when they are planning to vacate. Is there any legal procedure through which I can get back my complete security deposit?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You would have to prove that the terms of your original rental agreement has been continued orally by the parties and has not been changed and accordingly, you can seek refund of the entire security deposit based on the terms contained in your rental agreement or file a suit to recover such deposit from the Owner on termination or expiry of the rental/lease/license period.
Legal
#flat#rent#tenants#affidavit#heirs
We have given a flat on rent which was in the name of my grandfather, it has been on rent for the last 30 years. My grandfather passed away and the tenants have submitted an affidavit. Should I enter my father and uncle's name(the heirs to the property) in the affidavit?
We have given a flat on rent which was in the name of my grandfather, it has been on rent for the last 30 years. My grandfather passed away and the tenants have submitted an affidavit. Should I enter my father and uncle's name(the heirs to the property) in the affidavit?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
What is the affidavit for? Your father and Uncle (if they are the only heirs of your grandfather) would be entitled to suceed to the Flat as owners thereof and the tenant would have to pay the rent to them now.
Redevelopment
#brokerage#builder#liable#charges#tenants
Is the builder liable to pay for the shifting and broker charges each time if the existing tenants have to shift more than once during the period of redevelopment?
Is the builder liable to pay for the shifting and broker charges each time if the existing tenants have to shift more than once during the period of redevelopment?
Answered on November 08, 2017
It is not mandatory to give shifting charges but normal practice is to give one time brokerage and shifting charge.
Purchase & Sales
#flat#mumbai#view#price#tenants
I wish to invest in a 1 BHK flat in Mumbai. Which areas are good to invest in from the points of view of price apreciation and ease of finding tenants? I have a 5-year horizon.
I wish to invest in a 1 BHK flat in Mumbai. Which areas are good to invest in from the points of view of price apreciation and ease of finding tenants? I have a 5-year horizon.
Answered on November 08, 2017
Areas such as borivali,kandivali, malad, mulund, dahisar, where the property prices are still low compared to other places south, are good places to invest. Being smaller apartments, chances of them going on a lease are also very high.
