Q.776 Legally get bank to vacate property in India after agreement expired

Question: Hi, I am after some help. I reside in the UK and have a property which for the last 10 years has been leased in agreement to the national bank of maharastra in Kolak, India. The agreement has expired back in 28th February 2015 and after multiple calls and emails and not reaching any mutual agreement I have provided notice twice to vacate my soad premises. I have received communication stating time will be required to vacate my premises. My question is how do I legally remove the bank from my premises as no clause is stated in the contract set out as they are clearly unwilling to cooperate. Also what is the time frame legally they have as I have stated in my notice I wish to have my property back to live in for personal use. I would very much be obliged for any help and light you may shed on this matter. Kind Regards, Asma Answer: Telephone calls and emails just won’t help. Without viewing your actual rental agreement no one can advise you on the best course of action. What you need is legal help to get the bank to vacate. Find a reputable lawyer to check your rental contract and seek his/her advice. Recently I came across an article published March 17, 2015 in India that might be of interest to readers who have rented out their properties to companies with the idea that it is safe to rent out to large corporations etc. The importance of drafting a rental document when renting out properties should be considered seriously when renting any type of property in India. To view the article titled ‘Dena Bank refuses to vacate property; harasses owners’ click HERE
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Informing educating and connecting Indians across the globe
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.776 Legally get bank to vacate

property in India after agreement

expired

Question: Hi, I am after some help. I reside in the UK and have a property which for the last 10 years has been leased in agreement to the national bank of maharastra in Kolak, India. The agreement has expired back in 28th February 2015 and after multiple calls and emails and not reaching any mutual agreement I have provided notice twice to vacate my soad premises. I have received communication stating time will be required to vacate my premises. My question is how do I legally remove the bank from my premises as no clause is stated in the contract set out as they are clearly unwilling to cooperate. Also what is the time frame legally they have as I have stated in my notice I wish to have my property back to live in for personal use. I would very much be obliged for any help and light you may shed on this matter. Kind Regards, Asma Answer: Telephone calls and emails just won’t help. Without viewing your actual rental agreement no one can advise you on the best course of action. What you need is legal help to get the bank to vacate. Find a reputable lawyer to check your rental contract and seek his/her advice. Recently I came across an article published March 17, 2015 in India that might be of interest to readers who have rented out their properties to companies with the idea that it is safe to rent out to large corporations etc. The importance of drafting a rental document when renting out properties should be considered seriously when renting any type of property in India. To view the article titled ‘Dena Bank refuses to vacate property; harasses owners’ click HERE
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