Bank rate refers to the interest rate at which a central bank lends money to commercial banks or other financial institutions within a country’s banking system. It is one of the monetary policy tools used by central banks to influence economic conditions and regulate the money supply.… Read more
PropertyPistol Insight Team
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Unrealized Rent: Managing Cash Flow in the Rental Market!
Tags: Rental
Unrealized rent refers to rental income that has been earned but not yet received by the landlord. It occurs when tenants owe rent that is due but have not yet paid it. The landlord recognizes the rental income as earned because the tenants have occupied the property and are obligated to pay rent according to the terms of the lease agreement. However, the actual collection of the rent is pending.… Read more
Understanding Mortgages: A Comprehensive Overview!
Tags: Loan
A mortgage is a type of loan that is used to finance the purchase of a property, typically real estate. It is a legal agreement between a borrower (the individual or entity buying the property) and a lender (often a bank or financial institution). The borrower receives a certain amount of money from the lender, which is typically a percentage of the property’s purchase price, and in return, the borrower agrees to repay the loan over a specified period of time, usually in regular installments, with interest.… Read more
Writs in Action: Exploring Their Role and Impact in the Legal System!
Tags: Legal
In the legal system, a writ is a written order issued by a court that commands a specific action or directs a specific individual or entity to do or refrain from doing something. It is typically issued under the authority of the court or a judicial officer and is directed to a specific person, organization, or government agency.… Read more
Understanding the Implications of Jammu and Kashmir’s Newly Imposed Property Tax: 2023
Tags: Tax Guide
The new property tax policy in Jammu and Kashmir, which was imposed starting April 1, 2023, requires all residents living in municipal areas to pay a property tax on their residential and non-residential properties. The tax rates are set at five percent of the Taxable Annual Value (TAV) for residential properties and six percent for commercial properties.… Read more
The Backbone of Logistics: How Warehouses Drive Supply Chain Success!
Tags: Realty Guide
A warehouse is a large building or facility used for the storage of goods, materials, and products. It is designed to accommodate and organize a wide range of items and is typically used by businesses involved in manufacturing, distribution, logistics, and retail.… Read more
The Sacred Placement: Vastu Guidelines for Keeping Ganesha Photos at Home!
Tags: Vastu Shastra
According to Vastu Shastra, the placement of Ganesha photos or idols in your home is believed to bring positive energy and blessings. Here are a few guidelines for the placement of Ganesha photos at home:… Read more
Bonafide Certificates: Unraveling the Proof of Authenticity!
Tags: citizen services
A Bonafide Certificate, also known as a Certificate of Authenticity or a Certificate of Good Standing, is a document issued by an organization, institution, or employer to verify the genuineness or authenticity of a person’s identity, status, or affiliation. It serves as proof that the individual is associated with the organization or institution and confirms specific details about their involvement.… Read more
Navigating the Indian Commercial Real Estate Market: Types of Leases Unveiled!
A commercial lease in India is a legally binding agreement between a landlord and a tenant for the rental of a commercial property. It outlines the terms and conditions under which the tenant can occupy and use the premises for business purposes. Commercial leases in India are governed by the Indian Contract Act, 1872, and specific state-level laws.… Read more
PAN Card Explained: A Complete Overview!
PAN (Permanent Account Number) card is a unique identification number issued by the Income Tax Department of India. It serves as a proof of identity and is required for various financial transactions in the country. The PAN card consists of a ten-digit alphanumeric number that is unique to each individual or entity holding it.… Read more
