Apni Law Staff asked 8 months ago
My father secured tenancy rights for our family in 2003, and my sister-in-law registered another unit in the same building under tenancy in 2008. In 2012, my friend and I purchased the entire building from the original landlord. Now, we want to grant ownership rights to three of our tenants. What are the legal procedures and potential issues involved in transferring ownership? My father, sister-in-law, and my co-owner’s nephew all have registered documents and paid stamp duties on their respective units.
Best Answer
Apni Law Staff answered 8 months ago
You can transfer ownership to your tenants by executing a registered sale deed. However, since your father and sister-in-law have tenancy rights, you’ll need their consent and may face potential issues related to their existing rights and the possibility of them claiming ownership under the Rent Control Act. The co-owner’s nephew’s tenancy may also impact the process, requiring you to consult legal counsel to ensure compliance with relevant laws and avoid disputes.
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