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
When you buy a property, the legal change in ownership takes place after property registration. Several laws come into picture in this highly complex legal procedure. This makes it of utmost importance to have … 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 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
Typically, when property owners plan to sell a property with tenants, they may wait for the lease to end. However, there may be scenarios where a property owner finds a prospective buyer with an … READ FULL STORY
December 8, 2023: The union ministry of commerce and industry has relaxed the terms for developers of Special Economic Zones (SEZs) in the IT/ITES sector, providing them with greater flexibility in using built-up areas … READ FULL STORY
While every individual dreams of owning a property once in his/her lifetime, many people still prefer to buy or invest directly in land. Land accounts for the major cost component of any real estate … READ FULL STORY
July 24, 2023: There is no single litmus test to differentiate between a lease and a licence agreement, the Kerala High Court has said. The intentions of the parties involved and the surrounding circumstances … READ FULL STORY
A lease is an implicit or written agreement that specifies the terms under which a lessor accepts to rent a property to a lessee. The lease agreement ensures the lessee’s use of the property … READ FULL STORY
Leasehold refers to a property tenure, where one party buys the right to occupy the property for a given length of time (30 to 99 years). In a leasehold land, the authority (usually, a … READ FULL STORY
Larsen & Toubro leases its 5.5 acres Powai space in Mumbai to Amazon Data Services for Rs 3.57 crore per month. Going forward, the rentals for the space will increase. With a possible development … READ FULL STORY
What works better in the commercial space – sale or lease? The answer would vary among developers and occupiers, as leasing caters to certain requirements, while sales may be the answer to other needs. … 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
