Mayfair Group
Global Property – Local Reach
Mayfair Group has developed a unique and simple way for potential clients to capitalise on the Global Real Estate downturn.
We specialise in sourcing properties that are significantly below market value in the U.S. that can provide strong rental yields along with instant equity. Mayfair Group also offers its clients the opportunity to purchase off plan properties in India.
For further information please Contact Us.
Rental Property FAQ'S
Q. Can a tenant of a property located in a prime region, transfer his tenancy? If yes, how much can he demand from the Landlord for the transfer to take place?
A. Yes, the transfer of tenancy is possible, after obtaining the landlord’s permission. The prevailing market rate is applicable; the landlord is entitled to one-third of the share.
Q. Is the landlord required to bear a percentage towards the maintenance of his property?
A. No, there is no such proviso implemented so far.
Q. If a property is kept vacant for one year, is it possible to rent it out at market price?
A. Yes.
Q. How can the market rate be determined?
A. The market rate can be determined by brokers, registration authorities, or any concerned authorities.
Q. For how many months, can a landlord demand for rent as deposit money?
A. A period of three months.
Q. In case a tenant is not registered under the Rent Act, what is the basic procedure to ask him to vacate?
A. The basic procedure to vacate the house is to send a notice to the tenant. In case of default, a case can be filed against the tenant.
For further information contact us on info@mayfair-group.com