The Delhi Rent Control Act was passed by the Indian government in 1958 to safeguard migrants residing in leased Delhi. After the partition, it was meant to aid in population relocation and promote the social acceptability of families in India. Agency. The Delhi Rent Control Act protects tenants’ rights against early eviction. Additionally, it offered protection to economically weaker populations that couldn’t afford to rent or borrow money from the homeless. explanations for why tenants are more favorably treated by the law.… Read more
What exactly is rental yield?
Tags: Real EstateRental Guide
When a property is rented, it generates a fixed monthly income. Rental yield is simply the proportion of the property value earned from rental revenues over the course of a year. It is one of the most frequent ways for calculating a property’s Return on Investment (ROI). It describes the concept in depth and discusses its significance in real estate.… Read more
Techniques For Determining Your Rental Affordability!
Tags: Rental Guide
Before you even begin looking through rental ads, you must determine how much rent you can pay based on your present salary. If you are unaware of your financial obligations, you may wind yourself over the limit. Following are some suggestions for assessing your rental sustainability if you’re searching for a new apartment but aren’t sure how much you should be paying on rent.… Read more
Can you submit an HRA claim for rent paid in your hometown?
Tags: Rental Guide
Let’s start by taking a look at the legislation that governs HRA for workers.
According to the Income Tax Act, an employee is permitted to request HRA tax credits from their employer under specific circumstances. As long as the employee is residing in the house and all other qualifications are satisfied, this clause does not specify where an employee may claim an HRA exemption. The law further stipulates that to be eligible for HRA benefits, an employee must have paid the rent in full and the apartment through which the rent was paid must not belong to the employee. So long as you fulfill both requirements, you can apply to HRA.… Read more
Everything you need to know about rental scams and how to prevent them.
Tags: IndiaReal EstateRental
Rental scams are becoming increasingly common across the country. Unlike in the past, when a possible renter meets with a real estate agent or owner to discover a suitable housing unit, the transaction may now be simply conducted via phones and laptops. Surprisingly, technological advancements have closed the divide between the landlord and renter communities. However, scammers are taking advantage and employing novel methods to defraud victims. In most situations, the victim disregards the red indicators that distinguish a genuine individual from a fraudster.… Read more
Rental Fraud and Tips to Avoid Them
Tags: Realty GuideRental
A condo scam is a fraud when someone coerces you into signing a lease or paying a deposit for a property that doesn’t exist or isn’t available. These are signs and symptoms that you could be getting scammed: being asked to hire before seeing the work; a price that appears too good to be true.… Read more
All about Rental Agreement in India!
In order to modify the tenancy, a rental agreement is a crucial legal document that needs to be signed by both the parties the owner and the tenant. It contains all of the specific information regarding the occasions, words, and circumstances connected with the rental property tenancy. It is applicable to every event. It includes all essential components, such as rent, a security deposit, and information on the possessions, including their size, type, and address, as well as most importantly the duration of the agreement. Each party is advised to carefully read the clause before signing and approving it because it is binding in nature. Until witnesses or non-beneficiaries sign the settlement as witnesses, the settlement remains void.… Read more
PropertyPistol’s Doorstep Rental Agreement Service from the comfort of your home!
Property agreements can be registered online in various states, including Maharashtra. The person/landlord wants to do this by setting up a profile on the e-filing website. After completing the profile, the customer wants to enter a variety of details about the possessions, including the village, taluka, possessions type, location, address, and other available information.… Read more
Know all about unrealised rent!
According to the profits tax division, unrealised lease is the amount that the owner of the asset cannot acknowledge. This cash sum might be equal to the amount due on the lease. A thorough understanding of the period and its effects can help you correctly submit your taxes.… Read more
How will Rent Courts resolve tenant-landlord disagreements?
According to the Act, each Union Territory and State (UT/State) government in the UT may choose to represent any number of Rent Courts in the relevant geographic area. If a Rent Court currently exists in a UT or State under another law, the same could be designated as a Rent Court under the MTA as of 2021. If there is no longer a court of this sort in a given location, then any other court established following other laws may be treated as a rent court for purposes of the Tenancy Act. If a UT/State establishes more Rent Courts in a given area, the relevant authorities may also furthermore challenge a specific decision to change the distribution of commercial… Read more
