POSTED BY April 15, 2012 7:52 pm COMMENTS (4)ON
This question is actually inspired by a post by Bhavin Nagda on this forum that was also answered by justgrowmymoney. Link: http://localhost/jagoforum2/need-information-on-property-rules-and-regulations/3280/.
Is it true that if I was to rent out my house to the same tenant for 14 years or more, then that tenant gains the legal ownership of the house? Maybe I misunderstood justgrowmymoney, but what I understood is that a landlord will lose his/her house in that case. Is that so?
What are the ways to ensure such a thing does not happen to a landlord? If someone has given a house on rent with a proper contract agreement in place and that contract is automatically renewed each year, then does this sort of situation arise even in that case?