What is a leave and licence agreement?
 A leave and licence agreement is a legal document that enables a landlord to allow a tenant to use their property for a specific period without any change in its ownership. Leave and … READ FULL STORY
 A leave and licence agreement is a legal document that enables a landlord to allow a tenant to use their property for a specific period without any change in its ownership. Leave and … READ FULL STORY
Tenancy is a kind of ownership over the property. A tenant is someone who is permitted to occupy the property of another person, by signing a lease or rental agreement. The rental agreement empowers … READ FULL STORY
A tenant and a landlord sign a legal contract to give the renting arrangement between them a legal validity. The document that is used for this purpose is the rent agreement. Since a rent agreement … READ FULL STORY
If a property is being used by some other person, apart from the actual owner, the property is said to be rented out or leased out. To formalise this arrangement, a rental agreement, known … READ FULL STORY
State-specific laws empower landlords in India to serve an eviction notice to a tenant in case he/she fails to meet certain legal obligations. These include failure to pay rent, causing damage to property, violation … READ FULL STORY
To regulate rental housing, the Maharashtra government passed the Maharashtra Rent Control Bill, 1999. Subsequently, the Maharashtra Rent Control Act, 1999, came into effect on March 31, 2000. The law aims ‘to unify and … READ FULL STORY
Trying to secure a rental property in an unfamiliar area can pose significant challenges. This is where enlisting the help of a broker can greatly benefit you. Brokers serve as intermediaries, facilitating connections between … READ FULL STORY
Renting out your property to a bank can offer lucrative opportunities, but it requires careful consideration of specific requirements beforehand. From familiarising yourself with the unique needs of banks to ensuring that your property … READ FULL STORY
Those planning to claim tax deductions on the house rent allowance component of their salary have to submit rent receipts to their employers as the proof of the rent payment. At the time of submitting … READ FULL STORY
Disputes between a landlord and a tenant may arise due to several reasons. These may include issues related to delays in rent payment, increases in rent, property maintenance or the termination of tenancy. The … READ FULL STORY
With urban areas witnessing growth in the number of single women, as working professionals and students, there is also a corresponding increase in the demand for rental houses that cater to them. Safety and … READ FULL STORY
To provide legal validity to rent agreements, it must also be registered following the due procedure and by paying the necessary charges. To register a rent agreement, you will also need to pay a … READ FULL STORY
Section 194I of Income Tax Act is applicable on a landlord earning a rental income from land, building, plant & machinery, furniture and fittings, etc. The responsibility to deduct the TDS (tax deducted at … READ FULL STORY