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rental agreement

Apartment

Rights of apartment co-owners on common areas

A common area is a piece of land held in common by more than one person. Lot of disputes arise between occupants of apartment complexes concerning the use of the common areas. The people who jointly hold the common areas are known as co-owners irrespective of the size of their holdings. By understanding the nature […]

CommonFloor Editorial Team

Lease document

Government to make lease document registration a must

In order to make a stable legal footing in cases of disputes between property owners and tenants, the government has declared that the lease document should be registered for a period of even less than one year. An amendment proposed to the Registration Act in 1908 seeks to redefine ‘lease’ to remove the provision stating […]

CommonFloor Editorial Team

Significance of by-laws in an apartment owners association

What are By-laws in an apartment? Each apartment association will have an apartment bye law which contain certain details like the name of the association, the address, the date of formation, jurisdiction aspects and so on. The by-laws contain various particulars which relate to the business hours of the association along with the objectives and activities […]

Why should an apartment association be registered?

Today, having an apartment association has become one of the important aspects of an apartment functioning. Perhaps, there are various apartments which do not have their association registered. Due to the paperwork and initiative issues most of the apartments prefer staying unregistered. An unregistered apartment association can cause adverse effects to the community. Importance of […]

Guidelines For Tenant Verification

Tenant verification ensures a landlord that his tenants are capable of paying rent on time and  are not troublesome or having any criminal background. Tenant Verification plays an important and vital role in finding the best tenants for your rental property. Successful landlords know that tenant verification is the most important task when letting property. […]

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