Legal Question in Real Estate Law in India
Conversion of Tenanc to Ownership
I stay in a rented apartment since many years of which m father was the original tenant. In 1972 the landlord had formed a society transferring the ownership of flats to tenants by paing a lumpsum amount. We did not opt for the scheme and thus till date our status remains that of a tenant. Now, toda in 2008 we wish to convert to ownership but the landlord denies the same. What legal rights do I have in this case? Is the landlord legally correct in denying me the conversion of tenancy to ownership?
2 Answers from Attorneys
Re: Conversion of Tenanc to Ownership
An appropriate answer may depend upon your contractual rights and the local State statute governing this issue. It may be better to consult a local lawyer alongwith your documents as also the documents pertaining to previous transactions in which option was exercised by other tenants seeking transfer of tenancy rights into ownership rights.
Re: Conversion of Tenanc to Ownership
Your rights as tenant continues.
There is no obligation in law to convert tenancy into ownership, unless there is an agreement.