Renting - risk of hijacking

ajeetkumar singh (Querist) 17 August 2014 This query is : Resolved
Hello,

I want to know the risks or traps involved in renting a place.

Scenario: I own a 225 sqft commercial land on first floor in a mall at bhandup, Mumbai. this land was compensated to me in 2011 from MMRDA (Mumbai Metropolitan Regional Development Authority) because they cut off half of my land at andheri-ghatkopar link road for Metro Rail project.

Since then i've been renting this land on "11 months contract" basis and have been revising this consecutively . Next month I will renew the contract 4th time for 11 months. I do police verification and affidavit of contract.

Queries:
1) Is it possible that LICENSEE ( an social organisation through his president) can claim over my land?
2) In what cases I may land into problems, like i kept on renewing for 10 years (like 11 months+11 months+11 months upto 10 years or more.)?
3) When should I terminated the contract or is it ok if i renew 11 months contracts. or what are the suggestions i must follow.
4) How can I keep a track of movements and which licenses are necessary to make to avoid mess.

Note: as per rules of MMRDA i can not "sell" this land for 10 years. Electricyy bill is on my name only.

Contract copy: https://www.dropbox.com/s/v6ekumwvsoyune6/Contract.pdf
Responses will be greatly appreciated.

Thanks and Regards,
Ajeetkumar Singh.

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ajay sethi (Expert) 17 August 2014
whether MMRA has restrained you from creating any third party rights on land . read terms of your allotment . you would need MMRA consent if you want to give premises on leave and licence basis

Rajendra K Goyal (Expert) 17 August 2014
All the documents of allotment and rent documents need to be referred, consult a local lawyer.

R.K Nanda (Expert) 18 August 2014
local lawyer can help.

malipeddi jaggarao (Expert) 18 August 2014
Terms and conditions of allotment have to be seen for giving any advice. Consult a local lawyer with all papers.

ajeetkumar singh (Querist) 18 August 2014
Ok. I really appreciate the guidance.
Just to add more information:
1) We are not supposed to rent/sell for 10 years.
2) Contract is usual what works in mumbai. the same clause clearly specifying licensor and licensee and other points saying licensee can not sub license or do anything without knowledge of licensor etc etc

please see the attached contract at: https://www.dropbox.com/s/v6ekumwvsoyune6/Contract.pdf