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
Vastu Shastra compliance, is nowadays an important factor that influences the decision of home buyers and tenants, alike. As people living in rented homes cannot undertake any civil work, if so required by Vastu, … 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
In a move that would significantly change the dynamics of rental real estate in India, the Goods and Services Tax (GST) Council has decided to do away with the exemption so far granted to … 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
From the initial choice, to finalising the purchase of your first rental property as an investment, there’s plenty of planning and work involved. You should begin hunting for your rental investment property with an … READ FULL STORY
A pre-leased or pre-rented property is one that is leased to a party and then, sold to a buyer along with the tenant. Along with the sale, there is also a simultaneous transfer of … READ FULL STORY
Vasu Srivastava, an aspiring law student from east Uttar Pradesh, who recently shifted to Delhi for her higher studies, moved into a two-bedroom apartment in Dwarka, with her college friend. However, after two months … READ FULL STORY
