Hi, I am new to this great forum and hope to learn and post tricky questions! If I am able to assist anyone too, I will endeavor to do so.
Question/Issue: 3 years ago I inherited a property which was already leased out (not on leave and licence) to a private Indian bank in Mumbai on very low rent for over ten years (starting in 1990s and renewed in 2001). With the lease agreement due for renewal later this year December 2011, the bank has informed me that they intend to instead claim ownership of the property because they have discovered that the 2001 lease agreement was not registered (I did not know it had not been registered).
I am concerned the bank will be successfulI as I have read that unregistered lease agreements are not admissable in court.
PS - The bank has been paying rent since they took possession (I even pay some taxes on the property!).
Grateful for any thoughts on this. Many thanks