The Real Estate (Regulation and Development) Act (RERA) was established in 2016 with an intent to safeguard the interests of home buyers, developers and agents. Under RERA, each real estate transaction made is accounted … READ FULL STORY
In real estate, several legal documents are pivotal in property transactions. Among them, the sale deed and conveyance deed play essential roles, each serving the purpose of transferring ownership rights. Despite the common goal, … READ FULL STORY
A taxpayer in India has to pay taxes under five heads of income, including income from house property. A person who legally qualifies to be the property owner is liable to pay taxes under … READ FULL STORY
To claim tax deductions against the house tax allowance component of your salary, you are required to submit proofs by way of rent receipts and rent agreements. However, it is a common practice in … READ FULL STORY
Several women continue to rely on male family members and lack control over their assets. The Married Women’s Property Act (MWPA) provides financial security for married women and their children. Explore the significance and … READ FULL STORY
Upon the death of an individual, his/her legal heirs have the right to inherit the property if the person has died intestate (without leaving a will). The title transfer is one of the many … READ FULL STORY
The legal process of removing a tenant from a property by the landlord is called eviction. An owner can oust a tenant and protect his property if there is a valid reason. Eviction … READ FULL STORY
Discussing parents’ rights over a child’s property is not common as the emphasis is usually on children’s rights on their parents’ property. Nevertheless, it is crucial to comprehend parents’ rights concerning a child’s property. … READ FULL STORY
When engaging in real estate transactions, one may come across the term deed. A deed refers to an agreement signed between two parties to transfer the ownership of a movable or immovable property. In … READ FULL STORY
According to the legal definition, settlement refers to an agreement between two parties to settle the matters or any dispute between them. In real estate, property disputes are quite common. Such disputes are resolved … READ FULL STORY
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
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
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
