Xien (tt) 01 December 2015
I am planning to purchase a flat in a reputated apartment complex.
The flat I am interested in has following issue:-
The owner want to stay for 1 more year after the sale.
Sale registry will happen now but he would leave after 1 year when his children exams are over. Till that time he would pay me rent.
Is there any complication in all this. Could he possibly owner refuse to vacate after a year and/or stop paying me rent?
Please let me know?
Regards.
saravanan s (legal advisor) 01 December 2015
Xien (tt) 01 December 2015
Hi Saravanan, thanks. Yeah I understand there could be problem.
But how different is it from a case when owner live as tenant after the sale registry. Compared to if I rent it out to a completely different person.
In both the case does it make a difference if not ready to vacate or pay rent.
Will owner have more rights to continue to stay than a normal tenant?
Also what rights I have incase owner dont want to vacate or pay rent. How can I protect myself. What should I get written in sale deed and rental agreement? Should i get my rental agreement registered?
saravanan s (legal advisor) 01 December 2015
The owner once After he sold the property and occupying the premises under leave and licence agreement is no different from a regular tenant.
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