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Law

Divya Jeswani (student) (217 Points)

04 March 2015

If Sum1 holds a rental property for more than 12 yrs, Can he/she claims that he/she has bcum its owner??

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4 Replies

PSPSPS (Practicing) (1344 Points)
Replied 05 March 2015

Yes 12 Yrs at a stretch & without any break in Possession & any type of agreements entered makes the Occupier the Deemed Owner eligible to claim all rights under Tenancy Rights status

Divya Jeswani (student) (217 Points)
Replied 05 March 2015

Ohhhhkkk....Thank U

cherukuri prasad (Finance Professional) (22 Points)
Replied 05 March 2015

Wrong. Tenant never becomes owner like this.

CA CMA CS Ram Pavan Kumar Melam (CA) (6980 Points)
Replied 05 March 2015

The transaction (tenancy) shall be supported by valid agreement. Otherwise, there may be a chance to the tenant to claim part performance by creating a false evidence.