State governments are obligated to inform all parties with an interest in land or property at the time of its acquisition, the Dharwad Bench of the Karnataka High Court (HC) has ruled. While giving … READ FULL STORY
Is a large part of your salary getting deducted in taxes since you stay with your parents or other family members and you are not able to claim HRA (house rent allowance) exemptions? The … READ FULL STORY
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
Gone are the days when landlords and tenants in big cities had to visit notary offices, for drafting rent agreements. Now, with various platforms allowing facilities to create rent agreements online, landlords and … 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
Ramneek Patel, an MNC executive in Gurgaon, lives in a company-leased accommodation, for which his employer deducts Rs 40,000 per month for the rented apartment. Now that the Goods and Services Tax (GST) has … READ FULL STORY
More than a year after the central government circulated the Model Tenancy Act, only four states in the country have tweaked their existing rental laws to align them to the national law, the Rajya … READ FULL STORY
The union cabinet, on June 2, 2021, approved the draft model tenancy law, in a move that is likely to revive India’s rental housing market by effectuating a multitude of reforms. Let us scrutinise … READ FULL STORY
The term let-out property refers to a property leased or rented to a tenant. Let-out properties could be residential such as apartments or houses as well as commercial like office space or retail space. … READ FULL STORY
In order to promote rental housing in India, the government, in 2019, passed the Draft Model Tenancy Act, 2019. The central version of the model law, which would eventually be replicated by states, tries … READ FULL STORY
Buy or rent? Arriving at the ‘right’ decision about whether you should buy or rent a property depends on two dominant factors. Before jumping to any hasty decision, let us take a look … READ FULL STORY
HRA stands for House Rent Allowance. The employer provides a portion of your salary to cover the costs incurred towards rented accommodations. If you reside in a rented house, you can claim an HRA … READ FULL STORY
A lease or leave and licence agreement, determines the relationship between a tenant and the landlord. While most tenancy agreements do not contain clauses dealing with the tenants’ guests, this can often be a … READ FULL STORY
