The Model Tenancy Act (MTA) has brought cheer to NRIs. The Act, which was approved by the Union Cabinet in 2021, is a uniform law that will govern the renting of premises in India. The Act provides a number of benefits for NRI landlords, including:
Category Archives: Rental
Your Guide to Rent Agreements: Format, Components, and Legal Implications Demystified!
Tags: Rental Guide
A rent agreement, also known as a rental agreement or lease agreement, is a legal document that outlines the terms and conditions agreed upon between a landlord and a tenant for the rental of a property. In India, rent agreements are governed by the Rent Control Act of each state, and they hold legal significance […]
Unlocking Rewards: How Paying Rent with Credit Cards Can Benefit You in India!
Tags: Real EstateRental
Introduction: In today’s digital era, credit cards have become a ubiquitous payment method for various transactions. While credit cards are commonly used for retail purchases, they also offer a convenient and advantageous way to pay rent. This blog explores the benefits of paying rent through credit cards in India and why it is gaining popularity […]
Understanding Tenant Rights: Defending Eviction by Landlords in India!
Tags: Rental
Introduction: In India, the relationship between landlords and tenants is governed by specific laws and regulations that protect the rights of both parties. When facing eviction, tenants have certain legal defenses that they can employ to challenge the eviction notice and protect their interests. In this blog, we will explore the rights and options available […]
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:
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 […]
How will Rent Courts Resolve Tenant-Landlord Disagreements?
Tags: Real EstateRental Guide
Rent Courts, also known as Rental Dispute Redressal Courts, are a new initiative introduced by the Indian government to resolve landlord-tenant disputes in a timely and efficient manner. These courts are designed to provide a platform for landlords and tenants to resolve their issues without the need for lengthy legal battles.
What Kinds of Tenancy Agreements are There in India?
Tags: Real EstateRental Guide
Tenancy agreements are a vital aspect of the rental market in India. These agreements outline the terms and conditions of the tenancy and help to protect the interests of both the landlord and the tenant. There are several types of tenancy agreements in India, each with its own set of features and legal implications.
Rental Guide: Refund policies and security deposits?
Tags: Rental Guide
While renting a home, a tenant must pay additional security money to cover any unanticipated or unavoidable expenditures that the landlord may have to incur at the tenant’s request. This sum, known as a security deposit, varies by city; for example, in Delhi, it is normally 1-2 months’ rent, although in some major cities, it […]
Not Signing a Rent Agreement?: The Potential Pitfalls and Disadvantages!
A rent agreement is a legal contract that specifies all of the mutually agreed-upon terms and conditions between the landlord and the renter. They must pay a registration fee and appear in person at the sub-office registrar’s to complete papers and register the agreement. To save money and save paperwork, two parties may opt to […]
