I entered into 3 year lease agreement (notarized) with a property owner for a office space (bareshell). I am tenant in the said property. there is a 12 month lock in also in the lease agreement.
After signing the lease agreement i transferred the 3 month security deposit into property owners bank account and I started the interior work and I invested 1 lakh into the property for converting bareshel to furnished office space. now suddenly property owner wants to cancel the lease deed within 10 days and I have invested 1 lakh plus 3 month deposit and now property is just offering me 50k for interiors and my security deposit back to me..
please suggest me what I can do in this situation to recover my money or I have right to continue the said lease based on our legal system.
Dear querist, You have not state where the property is situated. In most states, the lease agreement for 3 years period shall be registered. But it is a notarized agreement. so consult a local advocate having knowledge in property matters as the lease deed terms and conditions need to be verified in detail.
