In all small and big cities of India , people are earning good money by renting out their property. Not only common people but also big celebrities are making a lot of money by renting out their property.
Not only this, many people in the country are doing only rental business. But it is very important for landlords to know about some very important laws before renting out their property. Today we will learn about the Limitation Act 1963, under which a tenant can take possession of the landlord’s property.
What is adverse possession of property
Under the Limitation Act 1963, if the owner of a property fails to claim ownership for 12 years and if the tenant continues to occupy the property for those 12 years, the tenant can potentially claim ownership of the property. This is called adverse possession of the property. A claim of ownership by tenants through adverse possession occurs when the lease expires or when the landlord violates provisions in the rental agreement regarding payment of rent.
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, a tenant can acquire ownership of a property after living there continuously for 12 years. As per the Limitation Act of 1963, the time limit for claiming ownership of private property is 12 years, while for public or government property it is up to 30 years.
