A leave and licence agreement is a simple legal document that lets a landlord allow someone to use their property for a fixed period without transferring ownership, which is common in residential rentals; in … 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
Rent agreements are a fundamental part of renting property in India, serving as the legal foundation for both tenants and landlords. Understanding the terms, legalities, and nuances involved can help both parties ensure a … 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
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
In the realm of property rentals in India, rent receipts serve as a vital payment record between tenants and landlords. They not only act as proof of payment but also play an essential role … 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
Many people move to different cities in pursuit of new job and career opportunities. This has led to increased demand for rented properties. Living alone in a modern apartment in a busy city can … READ FULL STORY
In India’s evolving rental market, the concept of rent has expanded beyond a simple payment for occupying a property. Today, tenants often pay a single consolidated amount that includes not just the space but … READ FULL STORY
Have you let your house on rent and earned an income from it? According to the Income Tax Act, 1961, income earned from a house is taxable. This article explains the method for tax … READ FULL STORY
In India, House Rent Allowance (HRA) is a popular tax-saving option for salaried employees, allowing them to reduce taxable income by showing rental expenses. However, some misuse this provision by submitting fake rent receipts … READ FULL STORY
