Arbitration- A Way To Sukh, Shanti Or Samridhi

There are many laws prevailing in our country but Arbitration is only one law which give us Sukh Samridhi & Shanti. Arbitration is a act which empower itself in many ways.

When we give our property on rent we have a doubt in our mind that we will get it back or not on agreed date and what to do if the tenant is not following the agreed terms mentioned by us. 

Arbitration is simple solution for these problems we can have our agreement through the national arbitral tribunal, and tribunal will pass the settlement award in presence of landlord and tenant and both are aware of the terms and condition. The award passed by tribunal has the same effect as passed by any other civil court.

Hence ensuring sukh that landlord will get his property back, and tenant that he would not be forced on any grounds before the tenure to vacant the land if he will follow all the condition in the contract.

Shanti – if the tenant didn’t vacant your land on the decided time you don’t have to go through the long litigation process the award passed through tribunal is enforceable as those passed in any other court, and vice versa tenant can also use the same award if he is forced to vacant the house before

Samridhi – sukh shanti will leads to samridhi as the parties have good relationand tension free life. Landlord can give his land again on rent as per market rents and simultaneously keep his land safe.

Hence we can say that it is the best way to get our property secured and give on rent. To know more about arbitration you can join us.