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 tenants … READ FULL STORY
When renting a house, a tenant has to give a security deposit to the landlord, which is returned by the landlord once the contract expires. For a tenant, this security deposit used to be … READ FULL STORY
Property purchases are not the only aspect of ownership that require heavy paperwork. In order to make rental agreements legally binding, landlords and tenants also have to engage in documentation. The agreements for leave … READ FULL STORY
In order to curb the instances of tax evasion, especially in big-ticket transactions, the authorities in India have mandated the deduction of tax right at the source of the transaction. This means, one party … READ FULL STORY
As is true of any income, landlords in India also have to pay taxes on their rental income. If proper planning is not put in place, a large part of your rental income could … READ FULL STORY
The onset of the second wave of the Coronavirus pandemic has dampened future sentiments of the real estate stakeholders in the country, according to the Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2021. The … READ FULL STORY
Plans of the Uttar Pradesh government to introduce a tenancy law have firmed up, with the state Cabinet approving the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance, 2021, on April 5, 2021. … READ FULL STORY
With remote working becoming widely accepted among companies worldwide, in the aftermath of the Coronavirus pandemic, it is becoming increasingly difficult for landlords to find tenants for their rented properties. A vacant property impacts … READ FULL STORY
Over the past decade, the world around us has undergone a sea change. Life has become much easier in many ways, owing to the advent of technology in all spheres of life, in effect … READ FULL STORY
House rent allowance (HRA) is almost always an integral part of a company’s salary structure. Employers expect the employee to spend this amount, towards meeting his accommodation requirements. Unless the employee proves that he … READ FULL STORY
When it comes to property ownership by non-residents in India, matters can seem complicated. There is a wide range of assets that NRIs can own in the country of their birth. However, the same … READ FULL STORY
Single women are driving the demand for housing in India, with as many as 68% of them planning property purchase after acquiring financial independence, show the findings of a recent survey by real estate … READ FULL STORY
In metro cities, many people who invested in properties looking for rental income, did not think that parking space could be a major issue between the owner and the tenant. Real estate agent Chandrabhan … READ FULL STORY
