Position of a tenant in case of redevelopment
sachin
(Querist) 11 August 2010
This query is : Resolved
Dear Friends,
The landlord has sold his property to the developer on as is where is basis (along with the tenanted rights)
The developer is going to develop the said property and sell the saleable component. However, as far as the tenants are concerned, he is going to accomodate them but as tenants only and not on ownership basis.
The tenants are willing to pay a reasonable amount as construction cost but they wnat to own the new premises.
Can any of the learned friend help me with any settled case laws favouring the tenants enabling them to own the new premises instead a continuing to remain as tenants of the developer.
Best Regards,
Adv.Sachin
Devajyoti Barman
(Expert) 26 October 2010
If the developer does not wish to sell the tenant can do nothing. The tenant has got only the right of tenancy over the developed property.
