Many people in India rent their extra property so that it can give them a permanent income. Rental income is a great income source, but it also contains many legal screws that both landlords and tenants should take care of.
Many times it is heard that if a person has been renting in a house for 10 or 12 years, then he can also become the owner of that property. How true is this thing? Can it really happen? The Supreme Court has given an important verdict regarding this, which is very important for the landlords to know.
What does the law say?
In general, no tenant can owe the property of the landlord. But in certain circumstances, if a tenant has been occupying the property for a long time and has evidence of claiming “Adverse Possession”, he can assert the property.
“Adverse Physical” means that a person continues to occupy a property for 12 years or more without a owner’s permission and behaves like a owner.
What does the Supreme Court decide?
The Supreme Court gave a verdict in a case and said that:
- Limitation Act 1963 Under this, if a person has been occupied by private real estate for more than 12 years, he can claim it.
- At the same time, if it comes to government property, then this time limit is 30 years.
- This time limit is counted from the day when the occupation has started and the real owner of the property has not filed any legal objection.
According to this decision, if the landlord does not take legal action on time, the law may stand in favor of the person who is constantly occupying the property.
Necessary advice for landlords:
- Do not give property to anyone without rent agreement for a long time.
- Renew the rent agreement from time to time.
- Keep an eye on the status of the property from the tenant.
- If a tenant is not emptying the house, seek legal advice as soon as possible.
What does the property of the property get by being 12 years of rent for 12 years? Learn the truth from the decision of the Supreme Court first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
