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Is there fixed split ratio among landlord and tenant in pagdi system
16-Oct-2023 (In Landlord/Tenant Law)
Is there a defined ratio (established, stated as per law) to split the amount received after relinquishing the tenancy rights on a property based on Pagdi system. Further, can the landlord demand any share of the amount realized from the sale in the absence of a defined ratio. Lastly, does the Landlord have a right to refuse this sale(transfer of tenancy since it is a pagdi property) even if the tenant is insistent on selling(forfeiting his tenancy rights) and offering 1/3rd of the transaction amount from the sale as per usual convention.
This is my response to you:
1. You can approach the landlord and try to settle the issue;
2. You must tell the landlord you are bound by the Maharashtra Rent Control Act;
3. The landlord has the right to refuse the sale because the rent agreement can be transferred only after the permission of the landlord;
4. Consult a local lawyer and obtain an informed legal opinion.
1. You can approach the landlord and try to settle the issue;
2. You must tell the landlord you are bound by the Maharashtra Rent Control Act;
3. The landlord has the right to refuse the sale because the rent agreement can be transferred only after the permission of the landlord;
4. Consult a local lawyer and obtain an informed legal opinion.
Helpful?
Adv. Gowaal Padavi
Mumbai | 500+ Answers
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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