Maharashtra rent control act 1999
Ayesha F. Nariman
(Querist) 19 February 2014
This query is : Resolved
Feb. 19, 2014
Dear Sir/ Madam,
Last year my Uncle at age 91 made his first Will. In my Uncle's Will he has stated his desire to bequeath his tenancy in to this three nieces.
However, he would like a second opinion and a clarification, as to whether the 1999 Rent Control Act pertains ONLY to the tenants right to SELL said tenancy during his lifetime, or does it ALSO cover GIFTING his tenancy after his death. (If tenancy is Sold what is the ratio to tenant vs Landlord?)
I am only in India for the next week, so a prompt reply would be appreciated.
ajay sethi
(Expert) 19 February 2014
tenant cannot bequeath his tenancy rights by will
ajay sethi
(Expert) 19 February 2014
find a buyer . landlord will take around 35%of sale proceeds . you will have to surrender your tenancy to landldord . he will enter into agreement with new tenant .
Rajendra K Goyal
(Expert) 19 February 2014
Well advised by the expert ajay sethi ji, agree to it.
Ayesha F. Nariman
(Querist) 19 February 2014
Feb. 20, 2014
Dear Ajay Sethi & Rajendra Goyal,
Thank you both for your feedback. We may have to consider this option.
Thank you.
Ayesha
