Considering the possibility of dispute in long-term and high-value tenancy agreements, most parties insert an arbitration clause in the lease deed to create a secure contract. Once the landlord and the tenant agree to … READ FULL STORY
The order by the Karnataka AAR follows a circular issued by the Central Board of Indirect Taxes and Customs (CBIC) on August 3, 2022, which said plot sale does not attract GST even if … READ FULL STORY
A resident in Karnataka can apply for a legal heir certificate online and offline. In this guide, we will elaborate on both procedures. How to apply for surviving member certificate in Karnataka online? … READ FULL STORY
Mutation of property is done only for fiscal purposes and it has no impact on the validity of property’s ownership title, the Uttarakhand High Court (HC) has ruled. “It only enables the person in … READ FULL STORY
If a buyer cancels his flat booking due to delay in project completion, what is the likely scenario that would unfold? Will he get all his money back? If yes, what about the loan … READ FULL STORY
In Delhi, one can apply for a legal heir certificate online and offline. Those who are not comfortable with performing this task online, can also visit a common service centre to apply for a … READ FULL STORY
Those planning to invest in agricultural land often find themselves in the crosshairs of regulatory requirements and personal whims of the sellers. On the one hand, they are obliged to make any payments exceeding … READ FULL STORY
The stamp and registration department has no power to cancel a sale or conveyance deed that has been registered following the prescribed rules, the Madurai Bench of the Madras High Court has ruled. “The … READ FULL STORY
The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that an unregistered sale deed can’t be the basis to claiming an immovable property by a creditor. The observation by the … READ FULL STORY
Tenants in India need to sign a lease deed with their landlords before entering a flat. While leave and licence agreements are common in the residential real estate space, tenants need to sign a … READ FULL STORY
Bombay High Court (HC) has held that the City and Industrial Development Corporation (CIDCO) has the right to auction the land under its possession, mentioned a FPJ report. According to the Bombay High Court, … READ FULL STORY
Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a … READ FULL STORY
A ‘benami’ property is one that is purchased in the name of a person, who is not the real beneficiary. The person, in whose name the property is purchased, is known as a ‘benamidar’. … READ FULL STORY
