I've taken a house for lease of 20lacs, the property also has a home loan
3 years ago
I've taken a house for lease of 20lacs, the property also has a home loan for which owner is unable to pay EMI's for past 3 months and banks have issued a legal action will be taken in 7days. The lease agreement is valid till Aug 2021. I've requested to repay my lease amount so that I can vacate. I doubt if the owner can repay until he finds a new tenant. How can I initiate legal action against the owner? Also does the bank have right to evict us ?
Sourav Mukherjee
Responded 3 years ago
A.File a civil case take temporary injunction to clear out the litigation..
Helpful
Helpful
Share
Rajaganapathy Ganesan
Responded 3 years ago
A.Send a notice to bank that you are residing and cannot be evicted. File a case to recover money and include bank.
Helpful
Helpful
Share
DIYAVARHUSSAIN SHAIK
Responded 3 years ago
A.Dear Client
As per your inputs, you are the rightful tenant paid 20 lakhs towards lease of the said house, due to bank loan the banker will initiate legal actions against the said house,
as you are a lawful tenant paid 20 lakhs advance you have every right to claim that paid 20 lakhs so issue a legal notice both to your land lord and the banker and file a stay petition in the court restraining the banker to evict you from that house till your advance amount 20 lakhs repay by your land lord. process the legal actions immediately
As per your inputs, you are the rightful tenant paid 20 lakhs towards lease of the said house, due to bank loan the banker will initiate legal actions against the said house,
as you are a lawful tenant paid 20 lakhs advance you have every right to claim that paid 20 lakhs so issue a legal notice both to your land lord and the banker and file a stay petition in the court restraining the banker to evict you from that house till your advance amount 20 lakhs repay by your land lord. process the legal actions immediately
Helpful
Helpful
Share
A.Hi,
The bank has the right to execute the eviction order.
Although, the bank will grant you sufficient time to vacate the premises.
However, the repayment of lease amount will depend upon the terms and conditions of the lease agreement.
If you find this answer helpful, please rate us.
The bank has the right to execute the eviction order.
Although, the bank will grant you sufficient time to vacate the premises.
However, the repayment of lease amount will depend upon the terms and conditions of the lease agreement.
If you find this answer helpful, please rate us.
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
The bank will grant you sufficient time for vacating the premises before executing the eviction order.
However, you may send a legal notice to the owner, in case of default.
If you find this answer helpful, please rate us.
The bank will grant you sufficient time for vacating the premises before executing the eviction order.
However, you may send a legal notice to the owner, in case of default.
If you find this answer helpful, please rate us.
Helpful
Helpful
Share
Read Related Answers
Formalities to be done by landlords regarding tenants in Ghaziabad UP
Dear Client,
Few metropolitan cities across the country have made police verification of tenants with local police stations mandatory for the landlord. Cities like Delhi, Bangalore, and Kolkata are a...
Flat Purchase
Dear Client,
In addition to the above, you need to obtain the following documents:
Mother Deed
Building Approval Plan
Sanctioned Plan Copy
Water & Sewage, Pollution, Electricity Approvals
Commencement...
Regarding undivided property
Dear Client,
According to the Hindu Law of Inheritance, the paternal property that is undivided for at least four generations qualifies as an ancestral property and the coparceners have an equal share...
Property - Our share of property
Dear Client,
A property when left by the deceased owner intestate i.e, without any will, is devolved upon the surviving legal heirs in equal share following the law of inheritance/succession. In ca...
Confiscated phone
Dear Client,
If a school is generally follows the CBSC rules strictly in all aspects then it might not be possible to recover your device back. Talk to the management authority and write a handwritten...
Read Blogs on Property
Property Lawyers
Find Lawyers by Location
