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TENANT DUTIES
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- Cricketer Shreyas Iyer takes a luxurious house on rent in Worli at Rs 18.5 lakh monthly rent with 7% annual escalation; check the rental trend in MumbaiIndian cricketer Shreyas Iyer has secured a luxurious rental property in Worli, Mumbai. The apartment commands a monthly rent of Rs 18.5 la...
- Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
- Can bonds replace rental income? The ₹40,000 monthly cash flow mathIndian investors traditionally favor rental income for passive earnings, but rising property prices and modest yields are prompting a shift...
- 25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- Vijay sworn in as Tamil Nadu CM: Here's what TVK promised ahead of Assembly pollsTamil actor Vijay's party, Tamilaga Vettri Kazhagam, has taken charge as Tamil Nadu's new government. Vijay is now the Chief Minister. The ...
- 'Kanjoos' Sara Ali Khan proves the power of saving even a rupee as actress is set to earn Rs 4 crore from rent of just one property aloneActress Sara Ali Khan is making smart financial moves. She has leased out a Mumbai bungalow for a significant sum over five years. This dea...
- Can landlords ask tenants to pay for repairs after vacating? Here’s what law saysLandlords can seek repair costs from former tenants. This applies only when damage exceeds normal wear and tear and is proven to be tenant-...
- Tenant paid Rs 6.5 lakh to buy landlady’s property; SC admits sale agreement as evidence and says possession doesn’t finalise sale without a sale deedThe Supreme Court ruled that a tenant's long-term possession of a property does not automatically finalize a sale agreement, even with part...
- Rent agreement clauses that landlord, tenant should add to avoid fights in futureRent agreement clauses for landlord, tenant: It can happen that the landlord and tenant are unable to add all the clauses to protect their ...
- Rent agreement in Noida: You can now sign it online; details hereThe move would not only spare tenants and landlords the hassle of going through various departments to get the agreements signed, but also ...
- Six responsibilities every tenant in Dubai must follow as per Rental LawThe Emirates government implemented Dubai rental law to streamline the rental process between tenants and landlords. Following this rental ...
- Why rent agreements are mostly made for 11 months only?The Section 17 of the Registration Act, 1908, states that a lease agreement for a term not exceeding one year is not mandatorily registrabl...
- What are the rights and duties of a tenant?Landlords attempt to counter the rights of the tenant by imposing high rents and financial guarantees in the form of 3-6 months of advance ...
- Assam to introduce rent authority to protect landlords, tenantsAssam Urban Areas Rent Control Act, 1972, stands repealed with the enactment of this new Assam Tenancy Act 2021, thereby making the State f...
- Magicbricks widens property services marketplace, launches rental productsThe portal had recently introduced services like home sanitization and pest control and home loans.
- Why you must rent out your flat on licence not leaseAlthough 'Leave and Licence' or 'Lease' are often used interchangeably in layman's parlance, they are inherently different.
- Supreme Court's model rent agreement assures tenant 5 yrs' stayIt asked the tenants to pay up every charge accrued on the house to enable the landlord get the rentals without any deduction.
- No protection to tenant after second default in payment: HCA tenant who fails to pay rent despite court's order cannot seek its protection against eviction from premises, the Delhi High Court has sa...
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