Rental Agreement -Tenant is threatening huge amoun
I would like to seek clarification on the tenant-Owner Issue. I have a small shop in a town called Bapatla Guntur distirct(A.P) . Tenant has been staying there in the shop for the past 14 years now and he is paying 10,000 now . We have a rental agreement which expires every two years .But, we keep reassigning to the same tenant every two years by extending the bond and signing the contract for the next two years.He never had the habit of making the payment on time .After 14 years of harassment we decided and asked him to vacate the place . He is trying to threaten saying he needs 5 Lakh rupees to vacate or else go he is asking to go to court. The latest contract got expired in august. We are very reluctant to sign or extend the agreement any more and I don't want to approach courts also on the same matter as they take years to resolve the issue and meanwhile the tenant will enjoy the property.which is of not to my interest.
Please suggest me a right way or a realistic way to address the issue.
Thanks a ton for your advises in advance. more