Rent Agreement- If you keep a tenant in your house, then be careful, your house can be taken away due to one mistake, know the complete details.
If we talk about today's world, building one's own house remains a dream for many people, but rising land prices weigh heavily on this dream, due to which people live in rented houses, yet, in this scenario, Meanwhile, disputes between landlords and tenants often arise, especially when landlords want to evict tenants. What are the legal implications if a tenant has been living in a property for a long time? Can the tenant claim ownership? Let's see what to do in such a situation
Understanding Limitation Act 1963:
The Limitation Act 1963 outlines the parameters within which legal action can be initiated. An important aspect relates to bad possession, as mentioned in the Transfer of Property Act. Under this provision, a tenant can acquire ownership rights if he has occupied the property continuously for 12 years or more.
Implications of adverse possession:
Adverse possession grants the occupant the status of the owner of the property. The Limitation Act 1963 specifies a statutory limitation period of 12 years for personal immovable property, starting from the date of initial possession.
Landlord Precautions:
Landlords can minimize potential disputes by ensuring the execution of a comprehensive rental agreement. Such agreements serve as legal documents that certify the landlord-tenant relationship and its terms.
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