NewZNew (Chandigarh) : The property dealers of tri-city have formed Tri-city Leasing Association (TLA) which will work as a catalyst between the property owners and the tenants. TLA will find the tenants for commercial, residential and industrial property owners and vice-versa. Inderjeet Singh was named as the President of the TLA.
Addressing a press conference here on Friday, Inderjeet Singh said that TLA has chalked out a plan about is functioning and it will be a unique association in the region which will help the flow of money in the struggling real estate market.
He said that TLA will encourage leasing business in tri-city, to bring parity in the leasing business terms and conditions, to create awareness among the people to do business only with the registered members, to ensure the increase of 5 percent in residential and 7 percent in commercial property rent annually , to create awareness among the property owners to get the verification doe of their tenants, to ensure the security deposit of two months for residential and three months for industrial property amd to ensure the terms and conditions of the rent act.
Inderjeet Singh also said that anyone who wants to be the member of the TLA, should have a recommendation f at least two members. He said that TLA will also undertake many social works.
Introducing the other office bearers ; Inderjeet Singh said that Sandeep Sachdeva has been elected as General Secretary, Kirpal Singh Kataria as Vice President, Guranchal Sethi; Treasurer and Varinder Chabbra as Joint Secretary.