Protection of Tenants Against Eviction

About 42% of the urban population of the world, which are roughly 150 million households, lives as tenant. The same holds true even in India where, due to exorbitant rates of property especially in the metro cities, a majority of people live as tenants. While living as a tenant can be really comfortable, there are [...]

By | December 30th, 2016|Property/Rent|Comments Off on Protection of Tenants Against Eviction

Property managers: Handling Tenant and Owner Funds

Owners entrust their property managers with more than just their physical assets. Property managers handle rental income, reserve funds, security deposits, and write checks on the owner’s behalf. To function properly, this relationship requires trust, transparency and accountability. Here's a list of issues to review and questions to ask the property management companies you interview: Payment [...]

By | December 29th, 2016|Property/Rent|Comments Off on Property managers: Handling Tenant and Owner Funds

Precautions You Should Take While Preparing Property Documents

Document writing is a professional's job which requires expertise and thorough diligence. Whether you are a buyer or a seller,  it is important to take precautions while framing a property document. Indian Law Firm tells you what precautions to take while drafting property documents. Thoroughly check the particulars of the parties The names of the [...]

By | December 28th, 2016|Property/Rent|Comments Off on Precautions You Should Take While Preparing Property Documents

A Month After Demonetisation, Real Estate Has Many Positives To Look Forward To

The strategic decision to scrap high denomination currency notes to tackle corruption has given mixed results in its first month. While banks have started facing a cash crunch, there have been big hauls of 'black money' by tax sleuths. The real estate sector's reaction has been subdued. A month has passed and the real estate [...]

By | December 27th, 2016|Property/Rent|Comments Off on A Month After Demonetisation, Real Estate Has Many Positives To Look Forward To

Selling property? Expect a letter from the income tax department

When you sell a property next time, expect a letter from the Income-Tax (I-T) department, asking you to explain when you acquired it and the source of funds. This could be one of the ways the government could zero in on benami property holders. Lawyers say that earlier it was usual practice by the department [...]

By | December 27th, 2016|Property/Rent|Comments Off on Selling property? Expect a letter from the income tax department

How To Get Your Share In Ancestral Property?

Recently, the Delhi High Court had ruled that an adult son had no legal right to stay in his parents' self-acquired property. "Where the house is self-acquired by the parents, the son... can live only at the mercy of his parents up to the time they allow it," said the order. *** Under the Hindu [...]

By | December 25th, 2016|Property/Rent|Comments Off on How To Get Your Share In Ancestral Property?

Note Ban Impact on real estate

Little did I know I would soon be soon cured of my illness as soon as the Prime Minister drops the demonetisation word, when I informed my office I was unwell and not coming to office on November 8. However, when a sudden volley of questions and conjectures from my friends on social media platforms, especially [...]

By | December 24th, 2016|Property/Rent|Comments Off on Note Ban Impact on real estate

Black money: Benami Property Transactions Prohibition Act comes into force

NEW DELHI: The Benami Transactions (Prohibition) Amendment Act, 2016, designed to curb black money and passed by parliament in August, came into effect on Tuesday. An amendment of the 1988 Benami Transactions Act, the new law provides for up to seven years' imprisonment and fine for those indulging in such transactions, whereas the earlier law [...]

By | December 22nd, 2016|Property/Rent|Comments Off on Black money: Benami Property Transactions Prohibition Act comes into force

How NRIs can protect their Indian property from illegal possession

Bharat Prakash, a US citizen of Indian origin lives in Bellevue, Wisconsin. A few years back, when Prakash's father took ill, he wanted to sell the family's apartment in Delhi and help move his father to Bangalore where the extended family lived. "My mother had passed away a few years back and my father started [...]

By | December 18th, 2016|Property/Rent|Comments Off on How NRIs can protect their Indian property from illegal possession

What Are The Benefits of Using a Property Management Company for NRIs?

A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good property management company is worth their weight in gold.  Here are a few ways that a good property manager earns their keep: Higher Quality Tenants Think of tenant screening as [...]

By | December 17th, 2016|Property/Rent|Comments Off on What Are The Benefits of Using a Property Management Company for NRIs?