To put a Stop to payment of Brokerage of the same Rented Flat year on year.
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On closure of 11 months agreement if the Tenant opts to continue residing in the same property they are forced to pay brokerage again for re-entering in a contract with the property owner. If the tenant refuses to pay the brokerage, they are asked to vacate the premises without extension of the contract. Also to enter in a new contract the broker community extracts about Rs.6000 to Rs.8000 from both parties, showing it as legal expense for filing the agreement and police verification.
Due to either monopoly of such property brokers or union of all brokers in a locality, a common family / man has no option but to give in to the demands of the broker & the unwilling property owner. We are falling pray to Lack of Uniformity in property laws, Rent & Brokerage laws is twisted and turned to benefit the Owners and mainly the Estate brokers.
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