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
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
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
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
To make rental agreements legally binding, the leave and licence agreement is required to be stamped and registered. They must also pay a stamp duty for licence registration. As stamp duty is a state … READ FULL STORY
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
