Property

Rights & Obligations Of A Landlord/Licensor

The Indian Government announced a freeze of rent increases and protections against tenancy terminations. This has been applied as law through the COVID-19 Response (Urgent Management Measures) Legislation Act, which came into effect on 26 March 2020. This means that landlords can’t increase rent for their rental properties. This will apply for an initial period of six months, from 26 March 2020 until 25 September 2020.

Introduction 

The owner of the property has to ensure that the rights of the tenant are protected, as well as the preservation of the society building. The following are the responsibilities he has to fulfil:

Vet the Tenant

It is imperative for the property owner to carry out a background check on the prospective tenant in order to ensure the safety of his property and his neighbours. A new rental agreement must be reported to the local police station by the owner, who must provide details such as proof of the tenant’s identity to the police station. Occasionally, landlords also require a letter from the tenant’s employer in order to confirm the tenant’s credentials through a declaration from the company where the tenant is working in order to confirm the tenant’s employment.

Security Deposit

As part of the contract, it should be specified exactly what deductions are allowed to be made by the property owner. His part of the agreement will also include an obligation on his part to return the security deposit as soon as the agreed upon number of days has passed. When the licensor deems it necessary, the licensor is entitled to inspect the premises as and when deemed necessary with due notice to the licensee. The clause to this effect is usually included in an agreement to this effect.

Safety Obligations

There is a responsibility on the landlord to ensure the safety of the property, including the installation of necessary safety equipment as well as the maintenance of potentially dangerous appliances in the property. Failing to provide adequate safety measures could leave the landlord liable for damages or legal action. In case something malfunctions, the property owner is required, as quickly as possible, to repair the damage.

Rent Receipt

Upon receiving rent from the tenant, the landlord must issue a rent receipt that contains the tenant’s name, the date, and the amount received. Rent controllers have the power to direct landlords to pay double the tenant’s rent if they do not present the rent receipts to the tenants.

Failure to Vacate

When the contract ends, the tenant must vacate. In the event that he fails to do so, the licensor may file a suit for eviction in small cause court claiming damages or compensation against him for his failure to comply with the contract. As a matter of course, the security deposit will also be held back.

Conclusion 

It has been our pleasure to provide you with enough information. If you need further assistance, please contact our team or leave your comments below. Any suggestion or feedback you may have would be greatly appreciated, and we would be delighted to hear back from you.

Also, Read;

0

Back to top button

Adblocker

Remove Adblocker Extension