Rajeev (Director) 10 May 2011
Respected Members,
I am a tenant of flat which we are occupying since 1950's. The property consists of 6 buildings with 1 tenant on each floor. recently our ex landlord sold the entire property to a builder / developer who has now become our landlord. This entity has now proposed to redevelop the property and erect a new building. What I would like to know is as tenants what are our rights?
Hemant Agarwal (ha21@rediffmail.com Mumbai : 9820174108) 13 May 2011
1. The tenants rights stay intact, in as it is condition. It is better if the tenants have formed an Association, to cumulatively safe guard their interests in the property. This also serves bargaining power during negotiations with the new land lord.
2. The tenants will have to be taken into confidence by the new land-lord, for redevelopment of the land and a deal can be negotiated with the new land-lord, to pass on new "ownership" flats in lieu of consent given by the tenants, for their existing flats.
There are several parameters which may be incorporated during negotiations and final signing of the redevelopment agreement.
Keep Smiling .... Hemant Agarwal
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