subject: TENANT AND OWNER: THE TWO SIDES OF THE SAME COIN [print this page] TENANT AND OWNER: THE TWO SIDES OF THE SAME COIN
In such cases, there are two entities, one is the owner and the other, the tenant. As per several high court judgements so far, the valuation has been in favour of the tenants. "In numerical terms, the 2/3rd ratio of compensation has been directed towards tenants and 1/3rd in favour of landlords. If the actual owner/landlord is servicing a lien on the to be redeveloped house', it is restricted to the value of the apartment and is given a separate treatment. In such cases, 1/3rd minus the lien is directed towards the landlord and 2/3rd minus the lien is enjoyed by the tenant," Mr Zia adds.
But you have to look beyond the commercial angle if you are dealing with multiple parties on a single flat. The landlord and the tenant have to come at the same frequency before they step into negotiations with the builder.
Courtesy By: The Economic Times Dtd: July 6, 2010For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/ And http://www.propertycafeteria.com http://www.articlesbase.com/sales-articles/tenant-and-owner-the-two-sides-of-the-same-coin-2822058.html
