A mortgage is a legal agreement between two parties namely the mortgagor (borrower) and mortgagee (lender) where the mortgagor borrows money against a property of his/hers, which gives the right to the mortgagee to … READ FULL STORY
Tenants can rebuild demolished buildings without the permission of their landlords under section 499 of the Mumbai Municipality Corporation Act, the Bombay High Court (HC) has ruled. They also have the right to demand … READ FULL STORY
Before planning to construct any building, it is essential to get approvals and sanctions from the relevant authorities. Getting these clearances is crucial, otherwise it can attract a penalty and other legal consequences. A … READ FULL STORY
Under the Registration Act 1905, any change in property ownership must be registered with the sub-registrar’s office to have legal validity, if the amount involved in the transaction is more than Rs 100. That … READ FULL STORY
Homebuyers in India must pay stamp duty along with the registration fee at the time of property registration in the sub-registrar’s office. This pops the question, why are there two different charges? Is stamp … READ FULL STORY
The Delhi High Court (HC) has said that the fundamental rights of a human can’t be taken away over non-payment of loans. The high court made this observation while quashing a Look Out Circular … READ FULL STORY
Tenant verification is a necessary step for both landlords and tenants. It involves verifying the identity of the tenant to reduce any threat to the landlord’s safety from the tenant. Refusing to undergo police … READ FULL STORY
Renting a house can often be a complicated process with a lot of nuances involved. The tenant needs to keep in mind multiple factors to ensure that the house they are renting suits … READ FULL STORY
A borrower can assign rent he expects to receive as an actionable claim to a lender under the Transfer of Property Act, 1882, the Supreme Court has ruled. “The provisions of the TPA and … READ FULL STORY
The real estate sector in India attracts many investors, including non-resident Indians (NRIs). Some of the reasons that draw NRI investors to the Indian property market include attractive exchange rates, a proper regulatory framework … READ FULL STORY
In a landmark judgement, the Supreme Court of India has ordered that the share of an Australia-based non-resident Indian (NRI) be sold in his ancestral properties to pay arrears of maintenance and monthly maintenance … READ FULL STORY
Gift deed is a legal instrument by which an owner can transfer his movable and immovable property in his lifetime. Even though the receiver of such a gift — known as the donee in … READ FULL STORY
The mother of a deceased son has a share in her son’s ancestral and joint family property under the Hindu Succession Act, the Karnataka High Court (HC) has ruled. As the Class-1 heir of … READ FULL STORY
