Tenancy rights

Swaty Gupta (Querist) 04 March 2014 This query is : Resolved
respected sirs,
how is the monetary value of tenancy rights evaluated? what is the role of landlord in it? does he also receive some share of the transaction? the tenancy of the property in question is in the name of a partnership firm and the tenancy dates back to 1960s. it is under the Delhi rent control act(rent is 330 rs. per month). it was rented out by paying pagdi. now the other partners of the firm want to surrender it in the name of a single outgoing partner. how should we go about it? what are the things we should watch out for(my husband is the outgoing partner). th eproperty is in delhi

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ajay sethi (Expert) 04 March 2014
commercial query . firm can afford legal fees

Guest (Expert) 04 March 2014
Depends upon the terms of rent agreement deed. Consult some local lawyer, get the rent deed examined to get appropriate advice.