The Madras High Court ruled that under the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act, 2017, landlords within the state can’t evict their tenants via quick-song tactics if they didn’t enter into written tenancy agreements after the regulation went into effect on February 22, 2019, and registered those agreements with the Rent Authority (a state government-appointed officer).… Read more
Everything About the Rent Control Act of Maharashtra
The Act regulates the leasing of residential properties, and each State has its version. In Maharashtra, the new Act (Maharashtra Rent Control Act 1999) has introduced several modifications to the existing Act, making it applicable throughout the State. … Read more
Rent Agreement Format and Legal Implications in India: A Deep Dive!
Tags: Rental
In India, a rent agreement is governed by the provisions of the Indian Contract Act, 1872, and the respective state’s Rent Control Act, if applicable. Here is the format, components, and legal significance of a rent agreement in India:… Read more
Rent Receipts in India: Key Tips and Latest Updates
Tags: RentalRental Guide
Renting a property is a common practice in India, and it comes with certain responsibilities for both landlords and tenants. One crucial aspect of this arrangement is the issuance and acceptance of rent receipts. In this comprehensive guide, we will explore the significance of rent receipts, their legal implications, and provide an in-depth analysis of the rent receipt format in India. Drawing on the latest news and sources, we aim to provide readers with a thorough understanding of the importance of proper documentation in the realm of rental agreements.… Read more
Leave and License Agreement: Meaning, Maximum Period and Benefits
Tags: LegalRealty GuideRental
A leave and license agreement is an essential contract that outlines the terms and conditions between a landlord (licensor) and a tenant (licensee) in the context of property transactions. Under the terms of this agreement, the licensee is granted the right to use the licensor’s property for a predetermined amount of time, provided that rent or other remuneration is paid.… Read more
10 Best rent payment apps to pay rent with credit card with less charges.
Paying rent can sometimes be a hassle, especially when dealing with different payment methods and deadlines. Fortunately, the best rent payment apps are here to help. If you’ve ever wondered, “Can I pay rent using a credit card?” the answer is yes. These apps make rent payment through credit cards straightforward and convenient, allowing you to manage your finances more efficiently. In this blog, we’ll guide you on how to pay rent with a credit card and introduce you to the top 10 platforms that offer this service with minimal charges. Discover how to pay rent with a credit card and simplify your monthly payments today.… Read more
How to Include Rental Income in Your Indian Tax Return
Earning rental income is a common practice in India, whether it be from residential or commercial properties. While the additional income is a welcome boost, it is crucial to understand the tax implications and fulfill the necessary obligations. In this guide, tailored for Indian readers, we explore the intricacies of including rental incomes in your Income Tax return, providing a comprehensive overview of the process.… Read more
GST on rental: Everything you need to understand about the appropriate tax rate
Tags: IndiaReal EstateRental
The introduction of GST has had a considerable influence on the residential and commercial real estate industries. The rental market, like the financial market, is subject to the tax levy. Rental revenue from commercial units, for example, is subject to GST. Other regulations and exclusions of the new tax regime concerning rental properties are listed below.… Read more
Navigating the Housing Maze: International Students’ Struggle in Canada’s Rental Crisis
Canada, known for its welcoming attitude towards international students, is facing a housing crisis that is disproportionately affecting this demographic. The surge in housing costs, combined with limited availability and discriminatory practices, has created a hidden plight for international students seeking accommodation in the country.… Read more
Renting or Buying: Which is the Right Choice in Today’s Market?
Choosing between renting and buying a property is a significant decision that can greatly impact one’s financial future and lifestyle. In today’s dynamic real estate market, where trends fluctuate and economic factors play a crucial role, making an informed choice is more important than ever. This article aims to provide a comprehensive guide to help individuals navigate the complexities of this decision-making process.… Read more
