Property Possession: After how many years does a tenant become the owner of the house, know what is the law regarding possession of property
Property Possession: Renting out property is a big business, from which common people and celebrities also earn a good income. Many people do the business of just renting out property. In such a situation, it is very important for landlords to know some legal rules before renting out their property-
Breaking News, Digital Desk- Renting out property is a big business in India, from which common people and celebrities also earn a lot.
Many people do the business of just renting out property. However, it is important for landlords to be aware of some legal rules before renting out their property.
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Important among these is the Limitation Act 1963, under which a tenant can take possession of the landlord's property under certain circumstances. Therefore, landlords must be cautious.
What is adverse possession of property-
Under the Limitation Act, 1963, if a tenant occupies a property for 12 years and the owner fails to claim his ownership, the tenant can become the owner of that property through adverse possession. This happens when the lease expires or the landlord violates the rental agreement.
What is adverse possession law in India?
If a property owner does not take action to evict the tenant within the 12-year time frame, they risk losing their ownership rights. It is essential that the possession be continuous and the required period may vary depending on the type of ownership.
Government property can also be seized
In India, if a tenant lives in a private property continuously for 12 years, he can become the owner of that property under the Limitation Act of 1963. For government or public property, this period is 30 years.
This is a legal doctrine of adverse possession, which means that ownership can be claimed if the property is occupied for a long period without any interruption.