Lease: Meaning and types of lease
Leasing is an alternative to purchasing a property. It allows one to pay for the use of an asset owned by another party over a specified period. A lease refers to a contract that … READ FULL STORY
Legal
Category: Legal
Legal
How to revoke Power of Attorney (PoA)?
A Power of Attorney (PoA) is a lawful document that grants someone the power to represent another individual in financial, legal, or personal affairs. Defined by the Power of Attorney Act of 1882, it … READ FULL STORY
Taxation
What is section 54EC of Income Tax Act?
According to Section 54EC, taxpayers are free from paying taxes on long-term capital gains. Any capital gains produced from the sale of immovable property in possession for 2 years or more are eligible for … READ FULL STORY
Legal
What is a Will? How does it affect inheritance?
There are several ways in which wealth, assets, and property of an owner is divided among his successors after his demise. Will is one of the instruments used by the owners to distribute their … READ FULL STORY
Legal
What is Kurki? What are its implications for a loan defaulter?
In India, Kurki (कुर्की) is an often-used medium to recover losses by private money lenders and institutional banks. This procedure, which causes a great deal of distress to the person at the receiving end, … READ FULL STORY
Legal
What are the rights of a landlord?
Renting out a property is an ideal way to generate additional income. A legal contract, known as a rent agreement, must be signed between the tenant and the landlord to offer this arrangement legal … READ FULL STORY
Legal
Who is a lessor?
A property owner who plans to rent his property must sign a lease agreement, which is one of the important legal steps. The agreement specifies the terms and conditions of the lease. According to … READ FULL STORY
Rent
Online tenant verification in Faridabad
Faridabad is one of the bustling cities in Haryana, which has witnessed a significant growth due to its busting industries and infrastructural development. The region around emerging commercial hubs and educational institutions in the … READ FULL STORY
Legal
What is the legal procedure to sell a property?
Many property owners sell properties to earn a profit in favourable market conditions or for other personal reasons. Selling a property involves more than just finding a buyer. The decision to sell a house … READ FULL STORY
Legal
Understanding 100 Rs stamp paper: Legal uses, validity, and how to obtain It
A 100 rupees stamp paper is a legal document with a pre-printed revenue stamp of Rs100, used to execute various legally binding agreements. It is commonly required for contracts such as property transactions, lease … READ FULL STORY
Rent
What happens to a lease if the property is sold?
Many people consider investing in a property to earn regular rental income by leasing their properties. A lease refers to a legal agreement between the landlord (owner) and the tenant, wherein the tenant is … READ FULL STORY
Legal
Succession laws will override Companies Act: Supreme Court
Succession laws in India will override the Companies Act in deciding a person’s right on property in cases where the deceased has left a nominee, the Supreme Court (SC) has ruled. “It is beyond … READ FULL STORY
Must Knows
What is forfeiture in real estate?
Forfeiture in the context of Indian real estate refers to the loss of certain rights or assets due to the violation of terms and conditions outlined in property transactions or agreements. This article explores … READ FULL STORY
