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rent control act

Rent & Lease Agreement in wake of COVID-19 pandemic

Force Majeure for Rent and Lease Agreement in India

Force Majeure for Rent and Lease Agreement On 24th March 2020 when PM Narendra Modi announced the nationwide lockdown to prevent the spread of coronavirus in India, the entire population was asked to stay indoors. People have not been able to go to work, many have lost their jobs, companies have cut salaries, there has […]

Prahalad Singh

Mumbai: Plan to amend Rent Act may hit 5L tenants

More than five lakh tenanted families in Mumbai are likely to be impacted if the BJP-led Maharashtra government’s plans to amend the Maharashtra Rent Control Act (1999) take shape. The amendments would exclude bigger flats and all commercial establishments occupying more than 500 square feet from the protection under the Maharashtra Rent Control Act that […]

nikunj.j

Tamil Nadu Buildings Act 1960: An Analysis

During the Second World War, the country faced rising inflation, soaring cost of living, increase in urban population and scarcity of accommodation. In order to impose control over rent and unreasonable eviction of tenants, rent control orders were issued in 1941. The order was renewed periodically and ultimately Act XVII of 1960 came into force. […]

nikunj.j

Basic regulations, tax implications involved in real estate transactions – Part II

Value Added Tax (VAT) The Value Added Tax (VAT) is a type of indirect tax and is one of the major sources of revenue to the state. The VAT system of taxation was adopted by most of the states in India in the year 2005 by replacing the General Sales Tax Laws with New Value […]

CommonFloor Editorial Team

Basic regulations, tax implications involved in real estate transactions – Part I

First time home buyers are mostly unaware of many regulations and processes involved in a real estate transaction. Here is a simple guide to know the basic real estate regulations and tax implications, which are crucial elements for a prospective buyer. Transfer of property ‘Transfer of Property Act’ makes it mandatory for the registration of […]

CommonFloor Editorial Team

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