A lease agreement is a crucial legal instrument that outlines all the terms and limitations that the landlord and the tenant have mutually agreed upon. They must pay a registration fee and appear in person at the sub-office registrars to complete papers and register the agreement. To save money and save paperwork, two parties may opt to enter into a verbal agreement or construct an agreement but not have it registered.… Read more
Why are rental agreements only made for 11 months?
Do you ever wonder why rental agreements are only made for 11 months? And why is one required when renting out a property? A rent agreement is essential because it protects the interests of both the tenant and the landlord. It is the most prudent course of action.… Read more
Rising housing prices and rental costs in India pose a new inflationary concern.
Tags: Realty NewsRental
Rising property prices and rental rates in major Indian cities may provide a tough opportunity to the country’s central bank in its fight against inflation, economists warn, even if apparent consumer price increases have largely peaked.… Read more
About the Delhi Rent Control Act!
Tags: Real EstateRental
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
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
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
Mumbai: BKC office leasing accelerates
Mumbai‘s office leasing market has recently gained speed. This month, there have been several, exorbitant price offers in the central business district’s (CBD) Bandra-Kurla Complex. Avendus Capital has agreed to lease a 1 lakh square foot space atop the Platina Tower, while Mahindra & Mahindra Financial Services has also leased a 2,75,000 square foot space in the surrounding region. Return to the workplace and extensive recruiting should also increase demand inside the city.… Read more
Indian real estate investments in Dubai increased as a result of the increase in rental returns
Tags: Real EstateRentalUAE
Due to the unprecedented ease of conducting business within the UAE, Dubai’s real estate market has experienced significant growth. According to Atinirmal G. Pagarani, MD, the Yogi Group, the country’s decision to allow non-Emirati citizens to own 100% of businesses has changed the game for those looking to establish their businesses inside the City of Gold.… Read more
