Landlords and tenants can mutually opt for alternate dispute resolution through mediation, where a neutral third party facilitates negotiation, or arbitration, where an independent arbitrator reviews evidence and makes a binding decision.
Archives: FAQs
Can landlords evict tenants immediately without any notice?
No. Landlords must follow due process and issue proper advance eviction notices for 1-3 months, depending on state law, before initiating eviction proceedings through the rent controller.
What rights do tenants have under rent control laws in India?
Key tenant rights include occupying the property for the contract duration if rent is paid, quiet enjoyment of premises, demanding timely repairs from the landlord, and receiving interest on the security deposit if it is not refunded after the tenancy ends.
What are some common disputes between landlords and tenants in India?
Frequent disputes arise over issues like non-payment of rent, maintenance responsibilities, unauthorized alterations, excessive tenant disturbance, subletting without permission, retention of security deposits, and Denying essential utilities by landlords.
Are there any specific guidelines for NRIs to manage their demat accounts in the event of changes in residential status?
NRIs should promptly update their demat account status if there is a change in their residential status. Please do so to ensure compliance with regulations, which may affect their ability to operate the account smoothly.
Are there any specific conditions for joint holding in a regular demat account for residents?
Residents can hold a demat account jointly with another resident Indian, ‘either or survivor’ or ‘anyone or survivor’ basis, subject to the rules of the depository.
What documents are required to open a regular demat account for residents?
To open a regular demat account, residents need to provide proof of address, proof of identity, and other KYC (Know Your Customer) documents as per the requirements of the depository participant.
In which currency are transactions conducted in an NRI demat account?
Transactions in an NRI demat account conducted in foreign currency. NRIs can hold securities in repatriable and non-repatriable forms depending on their investment preferences.
Can an NRI demat account be held jointly with a resident Indian?
No, an NRI demat account cannot held jointly with a resident Indian. The NRI demat account is held jointly with another NRI.