A Comprehensive Guide to Rental Tax and Its Benefits for Property Owners
Rental income is a significant revenue stream for many property owners in India. Whether you’re leasing out a residential flat, a commercial space, or even a piece of industrial property, the income you generate is subject to taxation. Understanding how rental tax works, the applicable sections, and the available deductions can help you manage your […]
The Union Cabinet’s Green Light: Key Highlights of the Tenancy Framework for Union Territories
The Union Cabinet recently approved tenancy regulations for three Union Territories – Andaman and Nicobar Islands, Dadra and Nagar Haveli and Daman and Diu, and Lakshadweep. This is a major step towards providing a robust legal framework for the rental housing market in these regions. As a leading property management company in India, Agarwal Estates […]
What is the Difference Between a Leave and License and Rent Agreement?
If you’ve been in the process of renting a house, either as a tenant or a landlord, you’ve likely encountered terms like “Leave and License Agreement” and “Rent Agreement.” While they may seem similar, it’s essential to understand that they are distinct concepts with notable differences. To understand the key difference and application in between […]
Do not Let Tenant-Landlord Disputes Deter Your Real Estate Dreams
Investing in real estate can be a lucrative venture, which provides a stable income and long-term wealth. However, there are some cases of tenant-landlord disputes that might raise concerns for potential investors. In Bangalore, approximately 1 lakh houses are put up for rent, with 1% of such cases occurring. It is critical to recognise that, […]
